One Manhattan Square
215 Cherry Street | also 89 Pike Slip, 87 Pike Slip, 250 South Street | Two Bridges | built 2015
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Written with AI from the source each entry cites, then fact-checked.
- 2014
Extell first proposes a tower of 800 feet and 68 stories, then cuts it, then builds taller
Extell Development Company first proposed an 800-foot, 68-story tower in 2014, then briefly reduced the plan to 700 feet and 56 stories. The finished building reached 847 feet and 80 stories. Neighbors objected that it was out of scale with the area and questioned whether transit could support it.
Source: Wikipedia
- 2014
Extell demolishes a Pathmark supermarket to build One Manhattan Square
Extell Development Company, owned by Gary Barnett, demolishes a former Pathmark supermarket on the site in 2014. The company builds an 80-story residential tower there, designed by AAI Architects and Dattner Architects. A 13-story affordable-housing building stands separately on the same site.
Source: Wikipedia
- 2016
Condominium sales begin, with the first closings three years later
Condominium sales began in January 2016. The first closings followed in February 2019, a few months before the tower was complete in August 2019.
Source: Wikipedia
- 2017
The tower tops out at 847 feet, far above its Lower East Side neighbors
One Manhattan Square tops out in September 2017 at 847 feet. The next-tallest structure nearby, the Manhattan Bridge, reaches roughly 336 feet. Some residents oppose the project because the tower is out of scale with its surroundings, and its design has been compared to a cheese grater.
Source: Wikipedia
- 2019
The tower is completed in 2019 after protests over its separate affordable building
One Manhattan Square is complete by August 2019, five years after construction began. The affordable units sit in a separate 13-story building rather than in the main tower. In 2015 area residents protest that this arrangement is a 'poor door' that treats the two groups of residents unequally.
Source: Wikipedia
- 2023
The tower starts paying 2 percent of buyers' mortgage rates for three years
Sales had been under way since 2016, and by May 2023 the building was paying 2 percent of buyers' mortgage rates for three years. The incentive could be worth $250,000 or more against the sales price.
“…by May 2023 the building had begun paying 2% of buyers' mortgage rates for three years, an incentive worth as much as $250,000…”
Source: Wikipedia
- 2025
After more than nine years of sales, the tower is only 69 percent sold
As of April 2025, more than nine years after sales began in January 2016, just 69 percent of the condominiums had sold. This came even with the mortgage incentive that had begun by 2023.
“After over nine years of sales the building was just 69% sold as of April 2025.”
Source: Wikipedia
Further reading
- One Manhattan SquareWikipedia
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