Among the many landmarks visible through the windows of the Landmarks Preservation Commission’s hearing room is 49 Chambers Street, a grand building familiar to anyone who has visited the offices of Manhattan Community Board 1. The structure is on the verge of a new life as condominiums, and YIMBY has some of the first images of its restoration.
The former Emigrant Industrial Savings Bank building sits between Elk Street and Broadway, across from the old Tweed Courthouse. The 17-story financial services edifice, designed by Raymond Almirall, was built between 1909 and 1912. The exterior and the first floor interior were designated as landmarks in 1985.
Now, developer Chetrit Group is in the process of transforming it from an office building to a residential building. The process includes an architectural restoration led by Woods Bagot. The sign on the side of the building won’t be lost. Interior design will be handled by Gabellini Sheppard Associates and a rooftop park will come via M. Paul Friedberg & Partners.
The building will have 99 units, starting at 1,000 square feet. There will be 38 one-bedrooms, 45 two-bedrooms, 12 three-bedrooms, and then four penthouse units, which will have three bedrooms each.
Amenities will include a “residents’ lounge designed for formal entertaining and relaxed get-togethers that features a dining area,” along with a pool table, library, catering kitchen, a mosaic-tiled swimming pool beneath a curved ceiling, a hammam with adjacent steam room and sauna, a fitness center with yoga studio and locker rooms, a children’s playroom inspired by City Hall Park, a tween lounge, a screening room and a virtual golf room. Bicycle and private storage will be available.
The building has easy access to the 4, 5, 6, J, Z, R, W, 2 and 3 trains, as well as E train a little farther south. Sales, handled by The Marketing Directors, are due to start this spring. Occupancy is expected in the spring of 2018.
CB 1’s offices are now on the 22nd floor of the Manhattan Municipal Building at 1 Centre Street.