The Setai Group and Zamir Equities, New York-based development firms, are converting a 25-year-old office building located at 40 Broad Street into The Setai New York, a luxury condominium. The building is being redesigned by Jean-Michel Gathy of Denniston International, an architecture firm based in Kuala Lumpur, Malaysia. Gathy also designed The Setai, South Beach, in Miami. The Setai New York, billed as "a mantra of serenity and calm," is located in the Financial District.
Summary
The 31-story tower conversion will include 167 studio, one-, two- and three-bedroom units, ranging from 475 to 3,424 square feet. The building will feature a glass exterior allowing utilization of natural light. The lobby will boast 20-ft. ceilings and teal lattices, along with Thai silk and handcrafted bronze panels.
The following information was last updated on October 8, 2008.
Hoisting steel on Broad Street starting February 2, with partial lane closures 5:00-8:30 AM and 6:00 PM - 12:00 AM. Steel erection to begin afterwards.
Renovations began in the fall of 2006 and are expected to be completed by September 2008. Occupancy is expected by November 2008.
