125 Greenwich Street

22 Thames Street | also 125 Greenwich Street | Financial District | built 2019

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Written with AI from the source each entry cites, then fact-checked.

  1. 1889

    An earlier Western Electric telephone factory is built on this site

    Western Electric put up a ten-story office and factory building on this lot, at 127-131 Greenwich Street, also called 22 Thames Street, in 1888-89, designed by Cyrus L. W. Eidlitz. King's Handbook said it turned out small instruments such as telephones, transmitters, annunciators and call-bells, while heavier equipment was made in Chicago. The company later built a much bigger plant in the West Village.

    Source: NYC Landmarks Preservation Commission

  2. 2011

    February

    Investors buy the Western Electric building and the old Amex building for $65 million

    In February 2011 investors Michael Steinhardt and Allan Fried bought the former Western Electric building at 125 Greenwich Street, along with the former American Stock Exchange building at 86 Trinity Place, for $65 million. The owners planned to tear down the Western Electric building. Both buildings had stood empty since Amex moved out, and in July a Community Board 1 committee asked the Landmarks Preservation Commission for an urgent evaluation.

    Source: amny.com

  3. 2014

    Michael Shvo and Bizzi & Partners buy the site for $185 million and plan a 1,356-foot tower

    In 2014 Michael Shvo and Bizzi & Partners bought the site, then called 22 Thames, for $185 million. Their plan was a 77-story, 1,356-foot condominium tower with 128 units, which would have been Downtown's tallest residential building. It replaced an earlier 961-foot rental design by Rafael Viñoly.

    Source: 6sqft

  4. 2016

    June

    Foundation work finishes for a Rafael Viñoly tower on the old Western Electric site

    The residential tower at 125 Greenwich Street, also known as 22 Thames Street, replaced a ten-story telephone factory built in 1888-1889 for Western Electric. The factory had later been sold to the American Stock Exchange. When the foundation was completed in June 2016, the tower was planned at 1,356 feet, but in 2017 its height was revised to 912 feet.

    Source: Wikipedia

  5. 2017

    The planned supertall tower is cut from 1,356 feet to 912 feet

    In September 2014 the tower was announced at 1,356 feet and 77 floors, with 128 residences. By 2017 the design had been cut to 912 feet, with 88 floors holding 273 units. Rafael Viñoly designed the building, which has rounded corners and curved glass, and it is nearly column-free, supported by two I-beam-shaped shear walls.

    Source: Wikipedia

  6. 2017

    September

    Sales open with studios from $975,000

    Condominium sales at the tower launched in September 2017. Studios, which sit above the 61st floor, started at $975,000, while three-bedroom units of about 3,960 square feet started at $4.625 million. The British firm March & White designed the interiors.

    Source: 6sqft

  7. 2019

    March

    The tower tops out at 912 feet, with a pool and spa on the top three floors

    In March 2019 the tower topped out at 912 feet and 88 stories, with 273 planned condominium units. Its floors are nearly column-free, supported by two I-beam-shaped shear walls. An amenity level called The 88, about 15,000 square feet, has a 50-foot lap pool, a spa and a fitness center.

    Source: 6sqft

  8. 2023

    February 2

    Northwind lends $313 million to finish the stalled tower, with Fortress as co-developer

    On February 2, 2023, Northwind Group provided a $313 million construction loan to finish the tower, and Fortress Investment Group joined as co-developer after acquiring the project's earlier construction loan. The project had stalled amid a dispute among the original partners, developer Michael Shvo's 2018 tax-fraud conviction, a foreclosure suit by United Overseas Bank and weak sales.

    Source: bisnow.com

  9. 2024

    March 20

    A welding accident sets the tower's roof on fire

    On the morning of March 20, 2024, a fire broke out on the roof of 125 Greenwich Street when welding work ignited insulation. The New York City Fire Department extinguished it. The 912-foot tower, designed by Rafael Viñoly, is nearly column-free and has rounded corners with curved glass.

    Source: Wikipedia

  10. 2025

    April

    A $350 million loan led by Fortress refinances the slow-selling tower

    Sales of the condominiums began in 2017 but were slow, and were paused before resuming in 2024. In April 2025 a syndicate led by Fortress Investment Group refinanced the building with a $350 million loan.

    Source: Wikipedia

Further reading

Nearby

All 276 buildings with stories in Financial District