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{{Use mdy dates|date=August 2019}}
{{Short description|Office skyscraper in Manhattan, New York}}
{{confused|1 New York Place}}
{{Infobox building
|name = One New York Plaza
|status = Complete
|image = 1 New York
|image_size = 225px
|caption =
|location = 1 New York Plaza, [[Manhattan]], [[New York (state)|New York]] 10004,
| mapframe-wikidata = yes
|coordinates = {{Coord|40.70214|
|start_date = 1967
|completion_date = 1969
|architect = [[Kahn & Jacobs]], [[William Lescaze|Lescaze & Associates]]
|owner = [[China Investment Corporation]] (49%)<br>[[Brookfield Office Properties]] (35%)<br>[[AEW Capital Management]] (15%)
|floor_count = 50
|
|map_type =
|building_type = Office
|
|
|
|elevator_count = 45
|structural_engineer= Aaron Garfinkel & Associates
|main_contractor = [[George A. Fuller|George A. Fuller Company]]
|pushpin_label = 1 New York Plaza
|opening = 1970
|developer = Atlas-McGrath
}}
'''1 New York Plaza''' is an office building in
The
==History==▼
===Construction and early years===
In 1959, the City of New York attempted to acquire the land under this development through [[eminent domain]] as part of the [[Battery Park]] [[Urban Renewal]] Area. The plan involved consolidating several blocks into a "[[City block|superblock]]" for [[public housing]]. When that plan fell through, the city hoped to entice the [[New York Stock Exchange]] to relocate to the property. However, the owner of the property—the firm of Atlas McGrath—successfully sued to retain their land, claiming they were more than willing to develop the site privately.<ref>{{cite web|url=http://www.nyc-architecture.com/LM/LM024-ONENEWYORKPLAZA.htm
Shortly after groundbreaking, [[Chase Manhattan Bank]] signed a 30-year, $200 million lease for {{convert|1.062|e6sqft|m2}} of space across 22 floors in the building.<ref>{{cite news|url=https://timesmachine.nytimes.com/timesmachine/1967/03/14/90292015.pdf|title=Chase Bank Sets Record Here In Signing $200-Million Lease|date=March 14, 1967|last=Fowler|first=Glenn|newspaper=The New York Times|access-date=February 6, 2019|archive-date=July 31, 2022|archive-url=https://web.archive.org/web/20220731012107/https://timesmachine.nytimes.com/timesmachine/1967/03/14/90292015.html?pdf_redirect=true&site=false|url-status=live}}</ref> Investment bank [[Salomon Brothers]] was another early tenant, moving into the building in 1970.<ref>{{cite news|url-access=subscription|url=https://www.nytimes.com/1970/07/28/archives/offices-changed-by-salomon-bros-new-8million-quarters-full-of-data.html|title=Offices Changed By Salomon Bros.|date=July 28, 1970|newspaper=The New York Times|access-date=February 6, 2019|archive-date=July 31, 2022|archive-url=https://web.archive.org/web/20220731012107/https://www.nytimes.com/1970/07/28/archives/offices-changed-by-salomon-bros-new-8million-quarters-full-of-data.html|url-status=live}}</ref> On August 5, 1970, the building suffered a fire in which two people were killed and 35 injured. The cause of the fire was a faulty computer connection across from the office of the Townsend-Greenspan firm, which [[Alan Greenspan]] owned.<ref name="Mallaby">{{cite book |last=Mallaby |first=Sebastian |title=The Man Who Knew: The Life and Times of Alan Greenspan |location=New York |publisher=Penguin Press |year=2016 |isbn=9781594204845|pages=136–137}}</ref> The deaths were caused after an occupied elevator was "summoned" to the burning floor when one of the thermally-activated call buttons—designed to react to a warm finger tapping it—reacted instead to the heat of the fire on that floor.<ref>{{cite news|last1=Lipton|first1=Eric|author-link=Eric Lipton|last2=Glanz|first2=James|author-link2=James Glanz|date=April 2, 2002|title=U.S. Report on Trade Center Echoes Lessons of Past Disasters|url-access=limited|url=https://www.nytimes.com/2002/04/02/nyregion/02TOWE.html|newspaper=[[The New York Times]]|access-date=July 20, 2015|archive-date=July 23, 2015|archive-url=https://web.archive.org/web/20150723224841/http://www.nytimes.com/2002/04/02/nyregion/02TOWE.html|url-status=live}}</ref>
▲==History==
Insurance brokerage [[Hugh D. Auchincloss|Thomson & McKinnon Auchincloss Kohlmeyer]] signed a lease for {{convert|115,000|sqft|m2}} on the building's 47th through 49th floors in February 1975.<ref>{{cite news|url-access=subscription|url=https://www.nytimes.com/1975/02/16/archives/news-of-the-realty-trade-25million-lease-signed.html|title=News of the Realty Trade|date=February 16, 1975|newspaper=The New York Times|access-date=February 6, 2019|archive-date=February 7, 2019|archive-url=https://web.archive.org/web/20190207020931/https://www.nytimes.com/1975/02/16/archives/news-of-the-realty-trade-25million-lease-signed.html|url-status=live}}</ref> At the time, the building was reportedly 95% occupied. In March 1978, investment bank [[First Boston]] signed a lease for {{convert|191,000|sqft|m2}} in the building, relocating from nearby [[20 Exchange Place]].<ref>{{cite news|title=
▲In 1959, the City of New York attempted to acquire the land under this development through [[eminent domain]] as part of the [[Battery Park]] Urban Renewal Area. The plan involved consolidating several blocks into a "[[City block|superblock]]" for [[public housing]]. When that plan fell through, the city hoped to entice the [[New York Stock Exchange]] to relocate to the property. However, the owner of the property—the firm of Atlas McGrath—successfully sued to retain their land, claiming they were more than willing to develop the site privately.<ref>{{cite web|url=http://www.nyc-architecture.com/LM/LM024-ONENEWYORKPLAZA.htm |title=New York Architecture Images-ONE NEW YORK PLAZA |publisher=Nyc-architecture.com |date= |accessdate=2014-02-25}}</ref>
===Chase ownership===
[[File:1 New York Plz fr MWGW E of BSt jeh.jpg|thumb|South and east facades]]
In 1989, Chase purchased the building for $140 million. However, in 1991 Chase moved much of its staff from the building to [[MetroTech Center]] in [[Downtown Brooklyn]] and Salomon Brothers left for [[7 World Trade Center (1987–2001)|7 World Trade Center]]. With the additional loss of Thomson & McKinnon,
Chase renovated the building in the early 1990s, spending $50 million to improve the lobby, elevator cabs and plaza and an additional $50 million on [[asbestos]] removal.<ref>{{cite news|url-access=limited|url=https://www.nytimes.com/1992/08/23/realestate/perspectives-wall-street-leasing-cooling-a-securities-firm-s-wanderlust.html|title=Perspectives: Wall Street Leasing; Cooling a Securities Firm's Wanderlust|last=Oser|first=Alan|date=August 23, 1992|newspaper=The New York Times|access-date=February 6, 2019|archive-date=February 7, 2019|archive-url=https://web.archive.org/web/20190207020827/https://www.nytimes.com/1992/08/23/realestate/perspectives-wall-street-leasing-cooling-a-securities-firm-s-wanderlust.html|url-status=live}}</ref> Shortly afterward, [[Prudential Securities]] signed a lease for over {{convert|1
▲Insurance brokerage [[Hugh D. Auchincloss|Thomson & McKinnon Auchincloss Kohlmeyer]] signed a lease for {{convert|115,000|sqft|m2}} on the building's 47th through 49th floors in February 1975.<ref>{{cite news|url=https://www.nytimes.com/1975/02/16/archives/news-of-the-realty-trade-25million-lease-signed.html|title=News of the Realty Trade|date=February 16, 1975|newspaper=The New York Times}}</ref> At the time, the building was reportedly 95% occupied. In March 1978, investment bank [[First Boston]] signed a lease for {{convert|191,000|sqft|m2}} in the building, relocating from nearby [[20 Exchange Place]].<ref>{{cite news|title=FIRST BOSTON CORP. TO EXPAND OFFICES|date=March 28, 1978|url=https://www.nytimes.com/1978/03/28/archives/first-boston-corp-to-expand-offices-signs-lease-to-occupy-five.html|last=Oser|first=Alan|newspaper=The New York Times}}</ref>
Two years later, in 1994, Prudential expanded by leasing another {{convert|145,000|sqft|m2}} in the building.<ref>{{cite news|title=Real Estate; Prudential Securities and the Fried, Frank Law Firm Expand at One New York Plaza in Manhattan|url-access=limited|url=https://www.nytimes.com/1994/10/19/business/real-estate-prudential-securities-and-the-fried-frank-law-firm.html|newspaper=The New York Times|date=October 19, 1994|last=Slatin|first=Peter|access-date=February 6, 2019|archive-date=July 31, 2022|archive-url=https://web.archive.org/web/20220731012106/https://www.nytimes.com/1994/10/19/business/real-estate-prudential-securities-and-the-fried-frank-law-firm.html|url-status=live}}</ref> The same year, [[Goldman Sachs]] leased {{convert|425,000|sqft|m2}} of space in the building.<ref>{{cite news|url-access=limited|url=https://www.nytimes.com/1994/04/08/nyregion/goldman-sachs-signs-major-new-lease.html|title=Goldman Sachs Signs Major New Lease|date=April 8, 1994|newspaper=The New York Times|last=Lueck|first=Thomas|access-date=February 6, 2019|archive-date=July 31, 2022|archive-url=https://web.archive.org/web/20220731012107/https://www.nytimes.com/1994/04/08/nyregion/goldman-sachs-signs-major-new-lease.html|url-status=live}}</ref>▼
▲In 1989, Chase purchased the building for $140 million. However, in 1991 Chase moved much of its staff from the building to [[MetroTech Center]] in [[Downtown Brooklyn]] and Salomon Brothers left for [[7 World Trade Center]]. With the additional loss of Thomson & McKinnon who had declared bankruptcy, {{convert|1,700,000|sqft|m2}} of the building were vacant.<ref>{{cite news|url=https://www.nytimes.com/1991/06/23/realestate/commercial-property-renovations-primping-up-at-a-time-when-the-best-goes-begging.html|title=Commercial Property: Renovations; Primping Up at a Time When the Best Goes Begging|newspaper=The New York Times|date=June 23, 1991|last=Dunlap|first=David}}</ref>
===Trizec Properties ownership===
▲Chase renovated the building in the early 1990s, spending $50 million to improve the lobby, elevator cabs and plaza and an additional $50 million on [[asbestos]] removal.<ref>{{cite news|url=https://www.nytimes.com/1992/08/23/realestate/perspectives-wall-street-leasing-cooling-a-securities-firm-s-wanderlust.html|title=Perspectives: Wall Street Leasing; Cooling a Securities Firm's Wanderlust|last=Oser|first=Alan|date=August 23, 1992|newspaper=The New York Times}}</ref> Shortly afterward, [[Prudential Securities]] signed a lease for over {{convert|1,000,000|sqft|m2}} of space in the building. The company received at least $106 million in tax breaks and incentives for the move and invested over $147 million in the space to build a data center, trading floor and special generators to ensure power to the building.
In 1999, Canadian real estate company [[Trizec Properties]] purchased the building for $390 million from Chase Manhattan Bank.<ref>{{cite news|url-access=limited|url=https://www.nytimes.com/1999/03/17/nyregion/commercial-real-estate-purchase-one-new-york-plaza-reflects-toronto-company-s.html|title=Commercial Real Estate; Purchase of One New York Plaza Reflects Toronto Company's Role|last=Oser|first=Alan|date=March 17, 1999|newspaper=The New York Times|access-date=February 6, 2019|archive-date=July 31, 2022|archive-url=https://web.archive.org/web/20220731012107/https://www.nytimes.com/1999/03/17/nyregion/commercial-real-estate-purchase-one-new-york-plaza-reflects-toronto-company-s.html|url-status=live}}</ref> One New York Plaza's air-conditioning chiller depends on Con Ed's [[New York City steam system]].<ref name="chiller">{{cite web|title=One New York Plaza Building Specifications|publisher=Brookfield Properties|access-date=March 29, 2011|url=http://www.brookfieldofficeproperties.com/_Global/25/documents/relatedlinks/1854.pdf|archive-url=https://web.archive.org/web/20120317060424/http://www.brookfieldofficeproperties.com/_Global/25/documents/relatedlinks/1854.pdf|archive-date=March 17, 2012|url-status=dead}}</ref> On August 11, 2001, a steam turbine failed in the basement, and the damage from the resulting explosion disrupted Goldman's market-making [[NASDAQ]] activities for the day.<ref name="steam"/>
In 2003, Prudential Securities was acquired by [[Wachovia]] causing the combined company to offer all {{convert|1.3|e6sqft|m2}} of its space in the building for [[sublease]].<ref>{{cite news|url=https://nypost.com/2003/11/04/wach-pru-deal-whacks-market/|title=Wach-Pru Deal Whacks Market|newspaper=New York Post|date=November 4, 2003|access-date=May 14, 2019|last=Cuozzo|first=Steve|archive-date=May 14, 2019|archive-url=https://web.archive.org/web/20190514202407/https://nypost.com/2003/11/04/wach-pru-deal-whacks-market/|url-status=live}}</ref> Morgan Stanley signed a lease for {{convert|648,000|sqft|m2}} of Prudential's former office space in June 2005. The company committed to moving 2,300 employees to the building and received $11 million in tax incentives from New York State.<ref name="ms" /> Around the same time, the law firm Fried Frank renewed their {{convert|380,000|sqft|m2}} space on the building's 22nd-30th floors.<ref>{{cite news|url=https://nypost.com/2005/02/22/fried-frank-sticks-with-n-y-plaza/|title=Fried Frank Sticks With N.Y. Plaza|date=February 22, 2005|access-date=May 14, 2019|last=Cuozzo|first=Steve|newspaper=New York Post|archive-date=July 31, 2022|archive-url=https://web.archive.org/web/20220731012107/https://nypost.com/2005/02/22/fried-frank-sticks-with-n-y-plaza/|url-status=live}}</ref>
▲Two years later, in 1994, Prudential expanded by leasing another {{convert|145,000|sqft|m2}} in the building.<ref>{{cite news|title=Real Estate; Prudential Securities and the Fried, Frank Law Firm Expand at One New York Plaza in Manhattan|url=https://www.nytimes.com/1994/10/19/business/real-estate-prudential-securities-and-the-fried-frank-law-firm.html|newspaper=The New York Times|date=October 19, 1994|last=Slatin|first=Peter}}</ref> The same year, [[Goldman Sachs]] leased {{convert|425,000|sqft|m2}} of space in the building.<ref>{{cite news|url=https://www.nytimes.com/1994/04/08/nyregion/goldman-sachs-signs-major-new-lease.html|title=Goldman Sachs Signs Major New Lease|date=April 8, 1994|newspaper=The New York Times|last=Lueck|first=Thomas}}</ref>
[[Lehman Brothers]] and Goldman Sachs provided a $400 million [[commercial mortgage-backed security]] mortgage on the building in 2006.<ref name="wells">{{Cite news|url-access=limited|url=https://therealdeal.com/2016/03/17/brookfield-refinances-one-new-york-plaza-with-750m-wells-fargo-loan/|title=Brookfield refinances One New York Plaza with $750M Wells Fargo loan|date=March 17, 2016|access-date=May 14, 2019|work=The Real Deal|last=Putzier|first=Konrad|archive-date=July 31, 2022|archive-url=https://web.archive.org/web/20220731012107/https://therealdeal.com/2016/03/17/brookfield-refinances-one-new-york-plaza-with-750m-wells-fargo-loan/|url-status=live}}</ref> That same year, Brookfield Office Properties acquired Trizec Properties, becoming the new owners of 1 New York Plaza.
In April 2012, Morgan Stanley expanded to {{convert|1.153|e6sqft|m2}} of space in a lease that runs through 2029. The new space was formerly occupied by Goldman Sachs until it consolidated into the recently completed [[200 West Street]] in 2011. After the expansion, the building was about 85% occupied.<ref>{{cite news|work=Bloomberg|url=https://www.bloomberg.com/news/articles/2012-04-17/morgan-stanley-signs-lease-to-expand-at-1-new-york-plaza-tower|date=April 17, 2012|last1=Moore|first1=Michael|last2=Levitt|first2=David|title=Morgan Stanley to Expand at Manhattan's 1 New York Plaza|access-date=May 14, 2019}}</ref>
===Hurricane Sandy and recent history===
In October 2012, the building was heavily damaged by [[Hurricane Sandy]]
|publisher=Brookfield Properties ▼
In March 2014, the [[National Association of Insurance Commissioners]] moved their headquarters to a {{convert|19,218|sqft|m2}} space on the building's 42nd floor.<ref>{{cite news|url-access=subscription|url=https://commercialobserver.com/2014/03/naic-follows-revlon-to-1-new-york-plaza/|title=NAIC Follows Revlon to 1 New York Plaza|last=Delaporte|first=Gus|work=Commercial Observer|date=March 6, 2014|access-date=May 14, 2019|archive-date=July 31, 2022|archive-url=https://web.archive.org/web/20220731012108/https://commercialobserver.com/2014/03/naic-follows-revlon-to-1-new-york-plaza/|url-status=live}}</ref> Around the same time, [[Revlon]] moved into {{convert|91,164|sqft|m2}} on the top two floors of the building that had previously served as Goldman Sachs' trading floors.<ref>{{cite news|url=https://nypost.com/2014/03/04/revlon-says-so-long-to-midtown-hello-to-one-new-york-plaza/|title=Revlon says so long to Midtown, hello to One New York Plaza|newspaper=New York Post|date=March 4, 2014|last=Weiss|first=Lois|access-date=May 14, 2019|archive-date=December 1, 2017|archive-url=https://web.archive.org/web/20171201032744/https://nypost.com/2014/03/04/revlon-says-so-long-to-midtown-hello-to-one-new-york-plaza/|url-status=live}}</ref> The same year, architectural design firm [[Davis Brody Bond]] also moved into {{convert|26,354|sqft|m2}} on the 42nd floor, the [[National Futures Association]] took {{convert|36,000|sqft|m2}} on the 43rd floor, and [[WellCare]] signed a lease for {{convert|68,323|sqft|m2}}.<ref>{{cite news|url-access=subscription|url=https://commercialobserver.com/2014/01/david-brody-bond-inks-at-1-new-york-plaza/ |title=Davis Brody Bond Inks at 1 New York Plaza|last=Ewing|first=Michael|work=Commercial Observer|date=January 3, 2014|access-date=May 14, 2019|archive-date=May 14, 2019|archive-url=https://web.archive.org/web/20190514202410/https://commercialobserver.com/2014/01/david-brody-bond-inks-at-1-new-york-plaza/|url-status=live}}</ref><ref name="99%">{{cite news|url=https://nypost.com/2014/10/28/sloan-kettering-complex-ailing/|title=Sloan Kettering complex ailing - Brookfield 99 percent leased|newspaper=New York Post|date=October 28, 2014|access-date=May 14, 2019|last=Cuozzo|first=Steve|archive-date=May 14, 2019|archive-url=https://web.archive.org/web/20190514202409/https://nypost.com/2014/10/28/sloan-kettering-complex-ailing/|url-status=live}}</ref> [[Macmillan Publishers]] signed the largest deal of the year at the building, taking {{convert|176,121|sqft|m2}} across the 45th through 48th floors for their Science and Education division.<ref>{{cite news|url-access=subscription|url=https://commercialobserver.com/2014/05/macmillan-tops-biggest-leases-for-1q-in-lower-manhattan/ |title=Macmillan Tops Biggest Leases for 1Q in Lower Manhattan|last=Elkies Schram|first=Lauren|work=Commercial Observer|date=May 5, 2014|access-date=May 14, 2019|archive-date=May 14, 2019|archive-url=https://web.archive.org/web/20190514202412/https://commercialobserver.com/2014/05/macmillan-tops-biggest-leases-for-1q-in-lower-manhattan/|url-status=live}}</ref> After the flurry of deals, the building ended the year 99% occupied.<ref name="99%" />
▲In October 2012, the building was heavily damaged by [[Hurricane Sandy]]. An estimated 23 million gallons of water flooded the lower levels of the building. The retail concourse was submerged and needed to be completely gut-renovated. Office tenants were allowed to return starting November 17, 2012,<ref>{{cite web|last=Barbarino |first=Al |url=http://commercialobserver.com/2012/12/one-new-york-plaza-retail-space-razed-and-to-be-rebuilt-post-sandy/ |title=One New York Plaza Retail Concourse to Be Rebuilt After Post-Sandy Flooding |publisher=Commercial Observer |date=2013-01-11 |accessdate=2014-02-25}}</ref> and the retail concourse reopened in the winter of 2014.<ref>{{cite web | url=http://commercialobserver.com/2014/06/brookfield-secures-retro-fitness-as-1-new-york-plaza-tenant/ | title=Brookfield Secures Retro Fitness as 1 New York Plaza Tenant | work=Commercial Observer | date=5 June 2014 | accessdate=17 March 2015 | author=Henderson, Jennifer}}</ref>
The building's retail concourse reopened in the winter of 2015 after a three year, $14 million redesign.<ref name="co1">{{cite web|last=Barbarino|first=Al|url=http://commercialobserver.com/2012/12/one-new-york-plaza-retail-space-razed-and-to-be-rebuilt-post-sandy/|title=One New York Plaza Retail Concourse to Be Rebuilt After Post-Sandy Flooding|publisher=Commercial Observer|date=January 11, 2013|access-date=February 25, 2014|archive-date=September 18, 2013|archive-url=https://web.archive.org/web/20130918050040/http://commercialobserver.com/2012/12/one-new-york-plaza-retail-space-razed-and-to-be-rebuilt-post-sandy/|url-status=live}}</ref> New tenants in the space included [[Starbucks]], [[Chipotle Mexican Grill]], [[Chopt]], and [[Gateway Newstands]].<ref>{{cite news|title=1 New York Plaza Scores Five New Retail Concourse Tenants [Updated]|url-access=subscription|url=https://commercialobserver.com/2014/07/1-new-york-plaza-scores-five-new-retail-concourse-tenants/ |work=Commercial Observer|last=Elkies Schram|first=Lauren|date=July 29, 2014|access-date=May 14, 2019|archive-date=May 14, 2019|archive-url=https://web.archive.org/web/20190514202415/https://commercialobserver.com/2014/07/1-new-york-plaza-scores-five-new-retail-concourse-tenants/|url-status=live}}</ref>
In March 2016, [[Wells Fargo]] provided a $750 million mortgage on the building.<ref name="wells" /> Two months later, the [[China Investment Corporation]] (CIC), a [[sovereign wealth fund]], paid $700 million for a 49% stake in the building from Brookfield, valuing the property at over $1.4 billion.<ref>{{cite news|url-access=limited|url=https://therealdeal.com/2016/05/23/china-investment-corp-buys-700m-minority-stake-in-1-ny-plaza/ |title=China Investment Corp. buys $700M stake in 1 NY Plaza|work=The Real Deal|date=May 23, 2016|access-date=May 14, 2019|archive-date=May 14, 2019|archive-url=https://web.archive.org/web/20190514202406/https://therealdeal.com/2016/05/23/china-investment-corp-buys-700m-minority-stake-in-1-ny-plaza/|url-status=live}}</ref><ref name="Crain's New York Business 2016">{{cite web |date=May 23, 2016 |title=Chinese fund is the buyer of a stake in a downtown office tower owned by Brookfield |url=https://www.crainsnewyork.com/article/20160523/REAL_ESTATE/160529953/brookfield-sells-stake-in-1-new-york-plaza-to-china-investment-corp |first1=Daniel |last1=Geiger |access-date=January 16, 2023 |website=Crain's New York Business}}</ref> At the end of the year, AEW Capital Management acquired a roughly 15% stake from Brookfield for $232.2 million at the same $1.4 billion valuation.<ref>{{cite news|url-access=limited|url=https://therealdeal.com/2016/12/29/aew-capital-buys-stake-in-brookfields-1-ny-plaza-for-223m/ |title=AEW Capital buys stake in Brookfield's 1 NY Plaza for $223M|date=December 29, 2016|access-date=May 14, 2019|last=Maurer|first=Mark|work=The Real Deal|archive-date=May 14, 2019|archive-url=https://web.archive.org/web/20190514202410/https://therealdeal.com/2016/12/29/aew-capital-buys-stake-in-brookfields-1-ny-plaza-for-223m/|url-status=live}}</ref><ref name="Williams 2016">{{cite web |last=Williams |first=Champaign |date=December 29, 2016 |title=AEW Grabs Minority Stake In One New York Plaza For $223M |url=https://www.bisnow.com/new-york/news/office/aew-grabs-minority-stake-in-one-new-york-plaza-for-223m-69313 |url-access=registration |access-date=January 16, 2023 |website=Bisnow |url-status=live |archive-url=https://web.archive.org/web/20191115114310/https://www.bisnow.com/new-york/news/office/aew-grabs-minority-stake-in-one-new-york-plaza-for-223m-69313 |archive-date= Nov 15, 2019 }}</ref> Brookfield refinanced the building in December 2020 with a $835 million mortgage from [[BMO Harris Bank]], [[Goldman Sachs]], and Wells Fargo, replacing Wells Fargo's earliermortgage.<ref name="Manrodt 2020">{{cite web |last=Manrodt |first=Alexis |date=December 21, 2020 |title=Brookfield Refinances One New York Plaza with $835M Loan |url-access=limited|url=https://therealdeal.com/2020/12/21/brookfield-lands-835m-refi-for-one-new-york-plaza/ |access-date=January 16, 2023 |website=The Real Deal New York |url-status=live |archive-url= https://web.archive.org/web/20230116184642/https://therealdeal.com/2020/12/21/brookfield-lands-835m-refi-for-one-new-york-plaza/ |archive-date= January 16, 2023 }}</ref> In April 2022, Brookfield and CIC placed One New York Plaza for sale,<ref name="Moynihan 2022">https://crenews.com/2022/04/19/brookfield-china-investment-put-one-new-york-plaza-in-manhattan-on-sales-block/</ref><ref>{{Cite web | last=Larsen | first=Keith |date=2022-04-19|title=Brookfield Is Selling One New York Plaza, Its 50-Story FiDi Office Tower|url-access=limited|url=https://therealdeal.com/2022/04/18/brookfield-puts-one-new-york-plaza-on-the-market/|access-date=2023-01-16 |website=The Real Deal New York|language=en-US |url-status=live |archive-url=https://web.archive.org/web/20230116184643/https://therealdeal.com/2022/04/18/brookfield-puts-one-new-york-plaza-on-the-market/ |archive-date=2023-01-16 }}</ref> amid declining demand for office space in New York City.<ref name="Crain's New York Business 2022">{{cite web |date=June 7, 2022 |title=Waiting for a major trophy office building to trade on the Lower Manhattan waterfront |url=https://www.crainsnewyork.com/who-owns-block/waiting-major-trophy-office-building-trade-lower-manhattan-waterfront |first1=C. J. |last1=Hughes |access-date=January 16, 2023 |website=Crain's New York Business}}</ref> The building's co-owners withdrew their offer to sell the building in January 2023.<ref name="Modi 2023">{{cite web | last=Larsen | first=Keith | title=Brookfield Pulls Listing on One New York Plaza Tower | website=The Real Deal New York | date=January 3, 2023 | url=https://therealdeal.com/2023/01/03/brookfield-china-investment-pull-listing-of-one-new-york-plaza-tower/ | access-date=January 16, 2023 |url-status=live |archive-url=https://web.archive.org/web/20230116184641/https://therealdeal.com/2023/01/03/brookfield-china-investment-pull-listing-of-one-new-york-plaza-tower/ |archive-date=January 16, 2023 }}</ref>
==Tenants==
Notable former occupants of One New York Plaza include [[Salomon Brothers]] in its heyday and [[Goldman Sachs]].<ref name="steam" /> Current tenants are [[Fried, Frank, Harris, Shriver & Jacobson]]<ref name="steam">{{cite news|title=Burst Pipes Halt Goldman's Nasdaq Trading|publisher=Fox News.com|url=http://www.foxnews.com/story/0,2933,32005,00.html|date=August 13, 2001|access-date=July 2, 2007|archive-date=August 13, 2009|archive-url=https://web.archive.org/web/20090813114523/http://www.foxnews.com/story/0,2933,32005,00.html|url-status=dead}}</ref> [[Morgan Stanley]],<ref name="ms">{{cite news|title=Morgan Stanley to Move 2,300 Employees Downtown|publisher=LowerManhattan.info|year=2005|url=http://www.lowermanhattan.info/news/morgan_stanley_to_move_52052.aspx|access-date=July 11, 2008|archive-url=https://web.archive.org/web/20091028030602/http://www.lowermanhattan.info/news/morgan_stanley_to_move_52052.aspx|archive-date=October 28, 2009|url-status=dead}}</ref> [[Nature Publishing Group]],<ref>{{Cite web|title=New NYC Space for Macmillan Unit|url=http://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/61580-new-nyc-space-for-macmillan-science-and-education.html|website=Publishers Weekly |date=Mar 25, 2014 |access-date=October 26, 2015|archive-date=November 14, 2018|archive-url=https://web.archive.org/web/20181114010808/https://www.publishersweekly.com/pw/by-topic/industry-news/publisher-news/article/61580-new-nyc-space-for-macmillan-science-and-education.html|url-status=live}}</ref> and [[Revlon]].
==See also==
Line 93 ⟶ 81:
==External links==
* {{official website|https://www.brookfieldproperties.com/portfolio/new-york/downtown-ny/one-new-york-plaza/}}
* [
* [http://www.nyc-architecture.com/LM/LM024-ONENEWYORKPLAZA.htm New York Architecture Images-ONE NEW YORK PLAZA]
{{Financial District, Manhattan}}
[[Category:1969 establishments in New York City]]
[[Category:Financial District, Manhattan]]
[[Category:Office buildings completed in 1969]]
[[Category:Skyscraper office buildings in Manhattan]]
▲[[Category:Brookfield Office Properties buildings]]
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