Moguls and magnates, start your engines: Alchemy Properties‘ landmark conversion of The Woolworth Building into uber-luxury apartments is rolling right along.
There will be 35 apartments from the 29th to 59th floors of the venerable neo-Gothic tower, which celebrated its 100th anniversary this year. SLCE is the architect of record, according to this plan exam application filed September 10th.
Located at 233 Broadway between Park Place and Barclay Street, the grand-daddy of skyscrapers was the world’s tallest building upon its completion in 1913. Cass Gilbert designed the building, nicknamed “The Cathedral of Commerce.”
An investment group led by Alchemy Properties bought the top 30 floors of the landmark for $68 million in July 2012, The New York Times reported. The seller, The Witkoff Group and Cammeby’s International, will continue to own and lease out the bottom 28 floors as office space.
So what can we expect from these high-flying condos, which are anticipated to be finished by 2015? The New York Times reported that ceiling heights will reach 11 to 14 feet, penthouses will soar above 700 feet and a five-floor penthouse of about 8,000 square feet will be nestled in the iconic copper cupola.
Oh, and pricing for apartments could go up to $3,000 per square foot. “The Cathedral of Commerce,” indeed.