Eco-tower rising in Lower Manhattan to include hotel and meeting space
Developers recently broke ground on an Earth-friendly, $600 million mixed-use skyscraper in Lower Manhattan that will include condominiums, retail, a boutique hotel and meeting space. Located at 50 West Street, the 580,000-square-foot tower is expected to achieve LEED Gold certification when completed in 2011.
Designed by noted architect Helmut Jahn and developed by New York-based Time Equities Inc., the building will incorporate environmentally sustainable technologies including a green roof, efficient water fixtures and plumbing, automatic blinds and energy control. Further, the 65-story building will be clad in energy-efficient glass that maximizes use of natural light and filters UV rays. All waste from demolition will be recycled and construction materials will be "sustainable" and "rapidly renewable," according to the developer.
"50 West Street is marked by sustainable design, advanced technology, landmark architecture, and commitment to the community," said Phillip Gesue, director of acquisitions and development for Time Equities.
The eco-tower will contain 240 residential units and 150 hotel and retail units, as well as 2,500 square feet of meeting space.
As a part of the development's commitment to Lower Manhattan, Time Equities will donate $4.6 million to the Department of Housing Preservation and Development's affordable housing preservation fund, $350,000 to the NYC Board of Education for a Lower East Side Space Sciences Center and $430,000 to local P.S./I.S. 89 for a computer science program.