These million-dollar luxury condos used to be the storied offices of a big Wall Street bank. See inside the transformation.

Jordan PandyMar 12, 2023, 17:17 IST

One Wall Street pictured in 1932, left, and today.Library of Congress/Getty Images, Colin Miller

Developer Macklowe Properties converted a Financial District office building into a condominium.
The 1.25 million-square-foot tower is the largest office-to-residential conversion in New York City.

An Art Deco office tower that's been an icon on the Lower Manhattan skyline since 1931 is getting a new life — as $1 million-plus condos.

Built as the headquarters of the Irving Trust Company in 1931, One Wall Street is now home to the largest office-to-residential conversion project in New York City history.

Developer Macklowe Properties took on the challenge of creating 566 luxury residences while maintaining the original Art Deco aesthetic of the 1.25 million-square-foot building.

Lilla Smith, the director of architecture and design at Macklowe Properties, said she even took extra steps like sourcing limestone from the same quarry in Indiana that was used during the original building process.

Once most of the inside was gutted, it made for a clean canvas for Smith to reconstruct office space to residential, she said.

"We really did a complete redo," Smith told Insider. "We almost had a clean slate for doing our layouts."

The 566 residences vary from studios to four-bedroom units and range in price from $1.13 million to $12.75 million, not including the penthouse. Look inside the building's transformation.

Built for the Irving Trust Company in 1931, One Wall Street is now home to the largest office-to-residential conversion in New York City.

One Wall Street after the renovation.Colin Miller

The building now has 566 condos with layouts that range from studios to four bedrooms.

A rendering of the entryway after the renovation.DBOX for Macklowe Properties

According to Smith, the developers restored or repurposed brass and bronze on many of the fixtures, including the revolving doors.

The entryway before the renovation.Macklowe Properties

An entrance on Broadway was sealed in the 1960s. During the renovation, Macklowe recreated the entrance for residents.

The entryway after the renovation.Colin Miller

Many office mainstays, like security gates, were removed to make for a more welcoming entry experience.

The entryway before the renovation.Macklowe Properties

Smith was inspired to keep the Art Deco style when designing the lobby.

The entryway after the renovation.Colin Miller

Thirty elevators were removed during the redesign. The 10 that remain were centralized in the building.

An elevator bank before the renovation.Macklowe Properties

The Art Deco doors from some elevators were restored and repurposed as decor in Whole Foods, one of the building's commercial tenants.

An elevator bank after the renovation.Colin Miller

One Wall Street was constructed before air conditioning with operable windows — a rarity for later-built office buildings.

An office space before the renovation.Macklowe Properties

Converting some offices can be difficult because their layouts result in jagged or awkward floor plans for the eventual apartments.

A condo after the renovation.Evan Joseph

Because One Wall Street is a New York City landmark, the facade had to remain mostly the same. But its terraces got a major makeover.

A terrace before the renovation.Macklowe Properties

Some of the terraces are now common space for residents and others are private outdoor space for condos.

A terrace after the renovation.Colin Miller

The 38th floor is home to some of the resident amenities, called The One Club, including a 75-foot swimming pool with a wraparound terrace.

The indoor pool overlooks the NYC skyline.Colin Miller

The 39th floor is home to a shared outdoor terrace with downtown and New York Harbor views...

One Wall Street's One Club TerraceEthereal Photography

...as well as a restaurant for residents and their guests.

The building includes a private restaurant for residents.Ethereal Photography

Keeping the spirit of the former office building alive, there is a coworking space with conference rooms and a coffee bar.

A coworking space in the tower.Colin Miller

The Red Room on the ground floor was formerly used as a banking room. It has been closed off to the public until now.

The Red Room before the restoration.Macklowe Properties

Restoration experts were able to restore the brass of the entrance doors and windows as well as clean the decades-old tile.

The Red Room after the restoration.Macklowe Properties

Macklowe Properties had to add a sprinkler system to the room in case of fires.

The Red Room during the restoration.Macklowe Properties

French department store Printemps will open its first US outpost across 54,000 square feet in the building, including the Red Room.