Demolition to begin at 75 Nassau St., makes way for ODA-designed tower

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40-story tower at 75 Nassau St.
Rendering of the 40-story tower at 75 Nassau St. (ODA New York)

More than two years after Lexin Capital filed building applications for a tower designed by ODA New York, the city has finally issued demolition permits to the developer, signaling that construction is about to begin at the 75 Nassau St. site.

The 40-story residential development was first announced in 2014. It was originally planned to stand 800 ft. tall but building applications submitted in March 2015 revealed a height reduction. Updated renderings showed a shorter structure, rising to 498 ft.

To date, Lexin Capital has not made any announcement regarding scheduled date of completion. However, New York Yimby stated, “… with demolition only just beginning, a three year estimate until opening day would not be unreasonable.”

With an approximate total of 229,000 ft., the building will feature 39,203 sq. ft. of commercial space on its first four floors, and 197 residences on the remaining levels. It is expected to have both condominium and rental units, each sized under 1,000 sq. ft.

Amenities, likewise, remain unannounced but ODA has confirmed the building will have terraces and a roofdeck garden. On their website, the firm stated, “… the volume edges are fragmented through an undulation of terraces. This identifies the building among the surrounding two-dimensional envelopes and provides exterior space unaccustomed to the Financial District’s skyscrapers.”

“A rooftop tree garden characterizes the building’s pinnacle, capped like a natural version of the Woolworth peak,” ODA stated.

The tower sits directly across another residential development by Lightstone Group. Concrete has already been poured for the 130 William St. tower.

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