New York, USA
565 Broome SoHo
Mixed-use residential and retail
Renzo Piano Building Workshop
330,000 square feet (30,700 square meters)
GROSS ASSET VALUE
>700 M $
From a development perspective, this project represents the height of vision and perseverance. After the initial property acquisition, Bizzi purchased surrounding properties in order to complete the assemblage that now constitutes 565 Broome. The process involved months of painstaking negotiations ultimately resulting in an unprecedented opportunity. While other developers were intimidated by the potential risks and work involved, Bizzi recognized early on that 565 Broome was a rare project that would change the face of SoHo. Due to Hudson Square rezoning, 565 Broome has an unmatched height advantage that allows it to tower over this historic district. In order to capitalize on this potential, Bizzi brought in legendary architect Renzo Piano to design the building. At 30 stories and 290 feet tall, it features two mirroring towers containing 115 units. The building’s half-acre footprint allowed the developer to include a gated, circular driveway with optional automated parking garage, providing maximum privacy for residents and their guests. This type of grand arrival experience is rarely seen in Manhattan, and it lends a sense of grandeur that distinguishes 565 Broome from its Downtown neighbors.
Given the impressive size of this development, residents will have access to a full, five-star amenity package – something they won’t find in the smaller residential buildings typical of the neighborhood. The building offers over 10,000 square feet of amenities, including a lap pool, a fitness center and yoga studio, sauna and steam room facilities, a media room, a landscaped outdoor terrace and a children’s playroom There is also a residential clubhouse with a library, kitchen, and bar where residents can relax or host private events.
With an area of over 36,000 square feet, this lot is the last developable site of its size in SoHo and will offer an unparalleled mix of high-end retail and luxury residential space. Located in the neighborhood’s southwest corner, 565 Broome provides convenient access to all of the boutiques, galleries, and restaurants of SoHo. Its two-tower scheme and strategic orientation afford unobstructed views of the Hudson River to the west, historic SoHo to the east, midtown Manhattan to the north, and the Financial District and World Trade Center to the south. 565 Broome represents an entirely new paradigm in high-rise condominium living in downtown Manhattan.