60 Wall Street
also 51 Pine Street | Financial District | built 1987
Open on the map9 entries
The city photographed every building for its tax records around 1940 and again in the 1980s. NYC Municipal Archives.
Written with AI from the source each entry cites, then fact-checked.
- 1982
The Bank of New York is denied a $22 million tax break for a tower on the empty lot
The buildings from 54 to 70 Wall Street were demolished in 1974, and by early 1982 the lot stood vacant and was being used for drug deals. In January the Bank of New York asked the city for a $22 million tax abatement to build there, with Deputy Mayor John Zuccotti calling the empty lot a long-standing embarrassment. After protests from state and city politicians, the city board refused in February, and that September the bank said it would stay in its existing buildings.
Source: Wikipedia
- 1985
J.P. Morgan's bank decides to buy the whole tower for its headquarters
George Klein of Park Tower Realty bought the site, then hired Kevin Roche to design a speculative office tower, with big floor plates and column-free trading floors. In 1985 Morgan Guaranty Trust, the principal subsidiary of J. P. Morgan & Co., chose to buy the whole building as its headquarters for $550 million. That left the tower with a single occupant.
Source: old.skyscraper.org
- 1989
Roche-Dinkeloo completes a postmodern tower for J.P. Morgan
Kevin Roche and John Dinkeloo were selected as architects in 1984 and designed the 55-story, 745-foot tower with postmodern, Greek Revival and neoclassical touches. Park Tower Realty developed it, and J.P. Morgan bought the project in 1985 and agreed to occupy the whole building. The bank put trading floors in the base and added dining rooms for its staff, and the tower was finished in 1989.
Source: Wikipedia
- 2001
Deutsche Bank buys the tower and moves in after 9/11 damages its own headquarters
Deutsche Bank bought 60 Wall Street from JPMorgan Chase for $600 million in April 2001. After the September 11 attacks severely damaged its own building nearby, it moved about 5,500 staff into the tower, and in December 2002 it committed to using the space as its headquarters.
Source: Wikipedia
- 2011
Occupy Wall Street organizers hold meetings in the 60 Wall Street atrium
After the Occupy Wall Street encampment formed in mid-September 2011, organizers wanting a less conspicuous place to meet began gathering in the public atrium at 60 Wall Street, then Deutsche Bank's North American headquarters. In November new signs listed rules including no loitering and no signs or posters. In mid-December the lawyers Norman Siegel and Herbert Teitelbaum faxed the bank and police a letter arguing that the sign rule violated the First Amendment, while the bank said it was not aimed at the protesters.
Source: cityroom.blogs.nytimes.com
- 2017
Singapore's GIC buys a 95% stake in the tower
Paramount Group, which had bought 60 Wall Street for $1.2 billion in 2007, sold a 95% ownership stake to Singapore's sovereign wealth fund GIC for $1.04 billion in 2017, keeping a 5% share for itself.
Source: Wikipedia
- 2019
Deutsche Bank removes a Gerhard Richter triptych from the lobby
In July 2019 Deutsche Bank removed a Gerhard Richter triptych, valued at up to $30 million, from the building's lobby. Works by younger artists went up instead, among them drawings by the Nigerian artist Ruby Onyinyechi Amanze. The change came more than a year after the bank said it would leave the tower for Columbus Circle.
“In July 2019, Deutsche Bank removed a triptych by German artist Gerhard Richter from the building's lobby. The work, valued at up to $30 million…”
Source: Wikipedia
- 2022
Preservationists fight to save the 60 Wall Street atrium as the Landmarks Commission weighs the plans
By September 2022 the modernist preservation group Docomomo was battling owner Paramount Group's plan to replace Kevin Roche's atrium with a plain white interior. Because of agreements made when the tower rose, the Landmarks Preservation Commission had some say over the exterior and had asked in July for columns that harmonized with 55 Wall Street. On September 12 its staff told Docomomo that the building and its public atrium merited further study.
Source: curbed.com
- 2023
The Planning Commission clears Paramount to renovate the 60 Wall Street lobby
The Landmarks Preservation Commission did not approve either of Paramount's renovation proposals in 2022, leaving the project's future unclear. In August 2023 the city's Planning Commission, at a hearing, authorized Paramount to renovate the lobby. The Kohn Pedersen Fox design had called for a 100-foot-tall green wall, a skylight and a wider subway entrance.
“At an August 2023 hearing, the city's Planning Commission gave Paramount permission to renovate the lobby.”
Source: Wikipedia
Further reading
- 60 Wall StreetWikipedia
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