70 Pine Street | |
---|---|
Former names | American International Building |
General information | |
Type | Residential (converted from offices) |
Architectural style | Art Deco |
Location | 70 Pine Street, Manhattan, New York, U.S. |
Coordinates | 40°42′23″N 74°00′27″W / 40.70639°N 74.00750°W |
Construction started | 1930 |
Completed | 1932 |
Opening | May 13, 1932 |
Cost | $7 million (equivalent to about $156.32 million in 2023) |
Owner | Eastbridge Group, AG Real Estate |
Height | |
Architectural | 952 ft (290 m) |
Roof | 850 ft (260 m) |
Top floor | 800 ft (240 m) |
Technical details | |
Floor count | 70 |
Floor area | 864,988 sq ft (80,360.0 m2) |
Lifts/elevators | 24 |
Design and construction | |
Architect(s) | Clinton and Russell, Holton & George |
Developer | Rose Associates |
Structural engineer | Taylor Fichter Steel Construction |
Main contractor | James Stewart & Co. Builders |
References | |
[1][2] | |
Designated | June 21, 2011 |
Reference no. | 2441, 2442 |
70 Pine Street (formerly known as the 60 Wall Tower, Cities Service Building, and American International Building) is a 67-story, 952-foot (290 m) residential building in the Financial District of Lower Manhattan in New York City. Built from 1930 to 1932 by energy conglomerate Cities Service Company (later Citgo), the building was designed by the firm of Clinton & Russell, Holton & George in the Art Deco style. It was Lower Manhattan's tallest building and the world's third-tallest building upon its completion.
70 Pine Street occupies a trapezoidal lot on Pearl Street between Pine and Cedar Streets. It features a brick, limestone, and gneiss facade with numerous setbacks. The building contains an extensive program of ornamentation, including the Cities Service Company's triangular logo and solar motifs. The interior features included escalators at the base and double-deck elevators linking the tower's floors. A three-story penthouse, intended for Cities Service's founder Henry Latham Doherty, was instead used as a public observatory.
70 Pine Street's construction was funded through a public offering of stock, rather than a mortgage loan. Despite having been built during the Great Depression, the building was profitable enough that it broke even by 1936, and 90 percent of its space was occupied five years later. The American International Group (AIG) bought the building in 1976, and it was acquired by another firm in 2009 after AIG went bankrupt. The building and its first floor interior were designated as official New York City landmarks in June 2011. In 2016, the building became a luxury rental residential property.