Goldman Sachs is one of two large financial firms currently investing in Downtown's future--Goldman Sachs at Site 26 and JP Morgan Chase at Tower 5. In November 2005, the company broke ground on its 43-story tower to be located on the last remaining commercial parcel in Battery Park City.
"Goldman Sachs has called Lower Manhattan its home for 136 years and we are proud to reaffirm our commitment to this neighborhood and to the City of New York," noted Henry Paulson Jr., chairman and CEO of Goldman Sachs at the time of groundbreaking. The company explained that it is building the new headquarters and maintaining 9,000 employees with the expectation of creating thousands of jobs in the next decade.
Goldman's current home, One New York Plaza, is located at Water and Whitehall streets and is the southernmost of all Manhattan skyscrapers. Constructed in 1970, this 50-story Downtown building is comprised of almost 2.5 million sf and has a 111,000-sf base. The building underwent a renovation in 1995, which consisted of repainting the "waffle-iron" facade from its original black.
According to sources, asking rent for space at the One New York Plaza property is around $50 per sf. Other office tenants include Fried Frank, Harris, Shiver & Jacobson, Prudential, Smith Barney Inc., Wachovia and the Battery Park Conservatory.
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