Downtown's Tallest Residential Tower Completes World Trade Center–Area Transformation

In late summer, the 175-room Four Seasons Hotel at the newly built 30 Park Place is scheduled to open to guests. The 926-foot-tall, 82-story tower, which has 157 condos starting on the 40th floor, will be the tallest residential tower in downtown Manhattan, besting current record holder 70 Pine St. by 76 feet (though 70 Pine’s tip stretches to 952 feet, well beyond its 850-foot roof).

The tower caps a post-9/11 era of change for the blocks around the World Trade Center. The developer of 30 Park, Silverstein Properties, owned the lease on the former Twin Towers and surrounding buildings. Silverstein has already rebuilt 4 and 7 World Trade Center and is building towers at 2 and 3 World Trade Center.

Silverstein acquired the site for 30 Park Place in 2006. Two years later, at a breakfast event at Cipriani’s in lower Manhattan, Chairman Larry Silverstein unveiled plans for what would have been the city’s tallest residential building. But the Great Recession made financing difficult—and any luxury-condo sales less assured. 

In early 2013, Silverstein finally landed $660 million in financing from Children’s Investment Fund Management LLP, and construction started soon after. Robert A.M. Stern, dean of the Yale School of Architecture, designed the limestone tower, and the Four Seasons brand will provide services to hotel guests and condo owners.

Ten units are listed on the tower’s website, with prices ranging from $3.645 million for a 1,108-square-foot one-bedroom to $32.5 million for a 6,127-square-foot, five-bedroom penthouse.