Fosun finishes $6.4M rehab to cellar, ground floor of 28 Liberty

Fosun International, on July 10, completed a $6.4 million exterior renovation to the ground floor and cellar of  28 Liberty Street in the Financial District, the office tower formerly known as One Chase Manhattan Plaza.

The plans, pre-filed on November 29, 2016, called for a rehab of the cellar and ground floor of the 770-foot tall, 60-story, building. The plans were permitted in May of 2017.

The project is described in the filings as: exterior renovations as per plans filed herewith. The initial cost as reported in the DOB filing for the work described in this permit application is $6,446,900.

Skidmore, Owings & Merrill is the architect on the application.

The Chinese conglomerate and investment company has filed 11 renovation plans so far this year. The largest of which called for a $3,900,000 rehab of the 53rd and 54th floors.

The property was acquired for $725 million on December 17, 2013. Around the time of the purchase, it was reported that Fosun, who outbid half a dozen other potential buyers, was potentially interested in bringing several Chinese companies in as tenants and planned to expand the ground floor retail space.

Direct link to Acris document.LINK

Direct link to DOB document.LINK