New Amenities Unveiled at Tribeca Beaux Arts Landmark

A new development at 49 Chambers Street offers the opportunity to live in an historic building with luxe new amenities

Photos by Krisztina Crane of Evan Joseph’s team

(NEW YORK, NEW YORK)— New amenities at 49 Chambers Street have recently been unveiled, the fruits of a six-year project that sought the conversion of a historic beaux arts bank into a site for luxury condominiums.

Photo by Luke Heidelberger –

The historic building was designed in 1912 by architect Raymond F. Almirall. Almirall came up with a unique “H”-plan to ensure that every floor was adequately lit, according to an article by New York’s Preservation Center . The top of each tower also features a bee hive surrounded by three bees, a symbol that harks back to the Barberini family, wealthy patrons in the Italian Renaissance. Bees have traditionally functioned as a symbol of both productivity and creativity

Now, the Emigrant Savings Bank has been converted into 96 units, ranging from one to four-bedrooms each. Architectural firm Woods Bagot and interior design firm Gabellini Sheppard Associates handled the renovations. The newly reveiled building-wide amenities include an indoor pool, a spa, a sauna, a lounge, a virtual golf studio, and a children’s playroom and tween lounge. There is also a 7,000 square foot private rooftop with grills and a full service kitchen.

The Chetrit Group first acquired the property in 2013 for $89 million, according to DNA Info. The Emigrant Savings Bank had long ago been sold to New York City and was, at the time, being used while City Hall was undergoing renovations. The sale, which saw the transfer of the property from public to private hands, also included a deal to include 10,000 square feet of public space for the community to enjoy.

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