by Brianna Crandall — November 2, 2016 — Commercial developer Silverstein Properties, Four Seasons Hotels and Resorts, A. M. Stern Architects and civic, union and business leaders recently marked the opening of the new Four Seasons Hotel New York Downtown, which is expected to help cement the renaissance of Lower Manhattan. Located at 27 Barclay Street, the hotel occupies the bottom third of the 926-foot, 82-story tower.
Known for its five-star services, experiences, and amenities, Four Seasons Hotel New York Downtown is also home to CUT by Wolfgang Puck, the celebrity chef and restaurateur’s first and only New York restaurant. The tower offers Downtown’s growing business and visitor communities a high level of service and style unique to the area. The hotel consists of 185 rooms designed by Yabu Pushelberg, the restaurant, bar, full-service spa and health club with pool. Over one-quarter of the hotel rooms are suites, including a 3,700-square-foot royal suite.
The tower shares a city block with the Woolworth Building, Cass Gilbert’s iconic 1913 skyscraper. With its limestone base and cast stone shaft that rises to a dramatic skyline profile of full-floor penthouses and setback terraces, the new tower has already become a distinctive landmark on the city’s iconic skyline.
The hotel entrance at 27 Barclay Street leads visitors into four floors of lobbies, lounges, the CUT restaurant and bar, ballrooms, and meeting facilities, as well as a spa, fitness center and pool. The restaurant also has a direct entrance at 99 Church Street. A through-block landscaped public plaza is located on the hotel’s eastern side, framed by a lower annex building that conceals building services and access to below-grade parking. Residents benefit from a private entrance and lobby at 30 Park Place.
The Four Seasons Private Residences New York Downtown at 30 Park Place include 157 luxury condominiums, some as large as 6,500 square feet. Amenities include a 75-foot heated indoor pool, fitness center, lounge area, and children’s room, all managed by Four Seasons. Silverstein Properties has sold over 75% of the residences.
According to the Downtown Alliance, the neighborhood’s residential and hotel stock have increased dramatically in the past five years. Over 3,500 new residential units and 2,200 new hotel rooms have opened. An estimated 14.2 million unique visitors came to Lower Manhattan in 2015.
Formerly Moody’s corporate headquarters building at 99 Church Street, the Four Seasons Downtown site was purchased in 2007 by Silverstein Properties and the California State Teachers’ Retirement System (CalSTRS). Financing for the $1 billion hotel and residency development was provided by a leading hedge fund; and Cumming, an international program and cost management firm, provided ongoing project monitoring services on behalf of the lender. Construction on the 82-story tower officially began in December 2013.