Times Equities, a real estate company headed by Francis Greenburger, plans to erect a 64-story hotel and residential condominium development at 50 West Street across from Battery Park City. The slim tower has been designed by Helmut Jahn of Murphy/Jahn Architects of Chicago, who designed CitySpire, Park Avenue Tower and 425 Lexington Avenue in New York and the great State of Illinois Center in Chicago, and Gruzen Sampton LLC. The curved south side of the tower would have a plaza that would provide an alternate and more attractive pedestrian walkway from Battery Park City to Greenwich Street than the existing walkway through the Battery Tunnel Garage.
The proposed building would house a 191 condominium apartments and 15 small offices on the third floor. An earlier plan had calledfor a 55-room hotel on floors 1 though 13, 48 “full-service residential units” on floors 14 through 18 and 259 residential condominium apartments on floors 20 through 63..
The ground floor of the tower, which would be designed to achieve a Gold LEED rating, would contain a “light-art gallery showcasing some of the most innovate light installation artists in the world, a cafe/bar, a restaurant and a “gourmet” corner store grocery.
Currently 110 units are available for sale, from 1-bedroom ($1,525,000) to 4-bedroom ($6,400,000). Average price is $2,498 per ft2.