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Landmarked Beaux Arts building in the Financial District gets the condo treatment

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The 99 luxury units will hit the market sometime this spring

Williams New York

The landmarked Beaux Arts building at 49 Chambers Street is going condo, and developer Chetrit Group has offered the first official peek at the new digs by way of a new teaser website. The site is a little scant on details—the condo interiors, by Gabellini Sheppard Associates, have yet to be revealed—but based on the magnificent building itself, they’re sure to be something.

Built in 1912, 49 Chambers Street was originally home to the Emigrant Industrial Savings Bank, though it has more recently served as city government offices. To bring Raymond F. Almirall’s building back to its former glory, a complete restoration is currently underway by Woods Bagot.

Once converted, the historic 17-story building will consist of 99 one- to three-bedroom condos that are each no smaller than 1,000 square feet. According to a press release, many of the condos—which start high above street level—come with treetop views of City Hall Park.

There are no pictures yet of the esteemed future interiors, but the press release notes that the “masters of sensory minimalism” at Gabellini Sheppard are known for “creating sumptuous yet inviting environments.” In this case, that means “warm and earthy tones with accents in bronze, metal, and mirror to embrace and evoke the old glamour of the landmark.”

As for amenities, the concourse features a full floor of them. The highlights include, though are not limited to: a residents’ lounge for “formal entertaining and relaxed get togethers,” a mosaic-tiled swimming pool, a hammam with adjacent steam room and sauna, a fitness center with a yoga studio, a kid’s playroom and a tween lounge, a screening room, and—the pièce de résistance—virtual golf. There’s also a full “rooftop park” with an outdoor kitchen.

The Chetrit Group picked up the building from the city for $89 million in 2013. The condos, meanwhile, are set to hit the market sometime this spring, with apartments beginning at just under $2 million.

49-51 Chambers St

49-51 Chambers St, New York, NY 10007