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Planned 1,100-Foot, 86-Story Tower Will Rise at 45 Broad St.

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The last time we checked in with the vacant lot at 45 Broad Street, it had been sold to Robert Gladstone's Madison Equities and Italy-based Pizzarotti Group for a cool $86 million, with plans to develop a residential tower in place. 6sqft recently uncovered what appear to be preliminary renderings of the tower that will rise on the site, but Pizzarotti CEO Rance MacFarland recently confirmed more details about the building to Curbed—namely, that it will be a 1,100-foot-tall, 86-story tower, putting it among the ranks of New York City's supertalls.

As previously reported, CetraRuddy (of One Madison and Walker Tower fame) is behind the building's design, which is still being finalized. The firms expect to break ground on the project in late October or November of this year, with an anticipated completion date of 2018.

In terms of the building itself, it's expected to have 245 residences that will cater to "entry- and mid-level buyers," according to MacFarland. Amenities will include your standard luxury-building offerings: a swimming pool, a gym, and a lounge have been confirmed so far. In addition to the residential component, five floors will be devoted to commercial or retail ventures.

When completed, the building will tower over its neighbors at 40 Wall Street and One Wall Street, as you can see in the rough images found on Pizzarotti's website. But it remains to be seen if it will rise higher than Michael Shvo's 125 Greenwich Street, another downtown supertall. Another thing to keep in mind: MacFarland says that the developers are on track to file officially with the DOB by the summer, so there's still a chance these plans could change.
· REVEALED: 45 Broad Street, Slated to Be Among the Highest Condo Buildings Downtown [6sqft]
· Another Tall Tower Is Coming to the Financial District [Curbed]
· All 45 Broad Street coverage [Curbed]