32 Old Slip facts for kids
Quick facts for kids 32 Old Slip |
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as seen from the East River
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| General information | |
| Architectural style | Postmodernism |
| Location | Financial District, Manhattan |
| Address | 32 Old Slip |
| Town or city | New York City |
| Country | United States |
| Coordinates | 40°42′14″N 74°00′28″W / 40.703793°N 74.007722°W |
| Completed | 1987 |
| Owner | RXR Realty |
| Height | 575 ft 0 in (175.26 m) |
| Technical details | |
| Floor count | 36 |
| Floor area | 1,161,435 square feet (107,900.8 m2) |
| Lifts/elevators | 31 (26 passenger, 2 freight, 2 garage, 1 messenger) |
| Design and construction | |
| Architecture firm | Edward Durell Stone & Associates |
| Developer | HRO International Ltd. |
| Other information | |
| Parking | 108 spaces |
32 Old Slip, also known as One Financial Square, is a very tall building called a skyscraper. It is located in the Financial District of New York City. This area is a busy part of the city where many businesses are located. The building was finished in 1987. It has 36 floors and stands about 575 feet (175 meters) tall.
Many companies have offices here. For example, Daiwa Capital Markets USA, Inc. and Convene are tenants. The New York Regional Office of the United States Census Bureau also has offices in the building. On the ground floor, you can find the New York City Fire Department (FDNY) Engine Company 4 and Ladder Company 15.
Contents
The Story of 32 Old Slip
What Was Here Before?
The land where 32 Old Slip now stands used to have a building called the United States Assay Office. An assay office is a place where precious metals like gold are tested for their purity. This office was the last public gold refinery in the United States. It also melted down damaged coins and burned old paper money.
In 1983, the United States Mint decided to sell this property. It was a large piece of land, about 42,176 square feet (3,918 square meters). The auction started at $3 million. A developer from New York named Howard Ronson, from HRO International Ltd., won the bid for $27 million. This sale was a big deal because it was the most valuable government property ever sold at a public auction at that time. The old Assay Office building was taken down in 1986.
Building the Skyscraper
In 1987, HRO built the 36-floor skyscraper we see today. They named the property One Financial Square. Later, in 1995, a company called the Paramount Group bought the building for $135 million. They got a loan from a Japanese bank called Sanwa to help pay for it.
In 2006, Paramount signed a big agreement with American International Group (AIG). AIG agreed to rent about 260,000 square feet (24,000 square meters) for 10 years. This was one of the largest office rentals in Manhattan that year. AIG used seven floors in the building, which was right next to their main headquarters.
New Owners and Challenges
In 2007, Paramount sold the building again. This time, Beacon Capital Partners bought it for $751 million. This was one of the biggest sales ever for an office building in Lower Manhattan. Beacon got a loan from MetLife to help with the purchase.
In 2012, Hurricane Sandy hit New York City. Many buildings in Lower Manhattan were damaged by floodwaters. However, 32 Old Slip was built to be very strong, even designed to resist earthquakes. This special design helped it to be less damaged by the flooding. Even so, the building's value went down by about 21.6% (or $65.7 million) within a year.
To protect the building from future storms, a renovation project started in 2013. They added better flood barriers, pumps, and pipes. These improvements help to keep water out during heavy storms.
Recent Tenants and Sales
In January 2013, a construction company called Hunter Roberts moved into the building. They rented about 37,000 square feet (3,400 square meters) on the tenth floor. Later that same month, the United States Census Bureau rented about 40,000 square feet (3,700 square meters) on the 8th and 9th floors.
In December 2014, RXR Realty bought the building from Beacon Capital Partners for $675 million. This was about $75 million less than what Beacon had paid for it in 2007. RXR used a loan from GE Capital to buy the building.
After RXR bought it, more companies moved in. A health care advertising company called Cement Bloc rented two floors. The American Arbitration Association also rented space on the 33rd and 36th floors in 2017.
In October 2018, a law firm named Cahill Gordon & Reindel signed a huge agreement to move their main offices here. They will use floors 17 to 22 for 20 years, starting in 2020. Also in 2018, Alliant Insurance Services and Decoded Advertising rented space in the building.
How the Building Looks
The design of 32 Old Slip is called postmodern. This style often mixes different architectural ideas. The lower part of the building is made of granite and silver-tinted glass. As the building goes up, it changes shape with stepped sections. The very top part becomes an octagonal shape and is made entirely of glass. This glass section is called a curtain wall.
The floors inside the building are very open, without many columns. Each floor offers a lot of space for offices, totaling over 1.1 million square feet (107,000 square meters). The lobby, which is the entrance area, is about 40 feet (12 meters) tall. There are 26 elevators to help people move between floors. The building also has an underground parking garage. Around the ground level, there is a privately owned covered walkway and an open plaza area.
32 Old Slip in Movies
The building's construction was shown in a short film from 1990 called "Going Up." This film was part of a TV show called POV. The building was also used for scenes, both inside and outside, in the 1999 movie The Thomas Crown Affair.
Images for kids
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View of the building
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View of One Financial Square from FDR Drive
See also
In Spanish: 32 Old Slip para niños
