In 2005, when The Claremont Group purchased the lovely little Art Deco office tower at 101 Wall Street, the Financial District was hardly on the rebound. But in the 10 years since, the neighborhood has been transformed, not only by the redevelopment of the World Trade Center site, but also by its surge in popularity as a residential destination. With offices spreading into every crevice of the city, Claremont took the neighborhood’s new found identity as a home base and ran with it: they would convert the 84-year-old building into condos.

101 Wall Street’s redevelopment began in earnest last June, when Claremont ousted the building’s former office tenants and secured a hefty loan for the project. The site has made steady headway since. Work is underway at the building, which will maintain much of its stepped-back Art Deco charm but will also claim its new identity with a two-story rooftop addition and new exterior planter boxes and terraces.

The building’s floor plates are being reconfigured to make room for 52 condos, one of which will be reserved for the building’s super. The condos will come with 16 different layouts, divided between three duplexes on the second and third floors, three apartments each on floors 4 through 16, two apartments apiece on floors 17 through 20, and five penthouse apartments with fireplaces and direct elevator access on floors 21 through 26.

The crowning penthouse will be a four-bedroom duplex.

The apartments above the fourth floor on the building’s have a amazing East River view.

Six of 101 Wall Street’s apartments will have terraces or outdoor space.

What do you think ?