Hakimian Announces 75 Wall Street

Hyatt to Manage 250-Suite Hotel Under its New 'Andaz' Brand

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. October 14, 2008

NEW YORK, NY, April 23, 2007. Soaring 42 stories above Lower Manhattan, 75 Wall Street is the modern-day gateway to New York's famed financial district. When the transformation of this rose-colored brick tower from office building to condominium residences and a luxury hotel is completed in 2008, the former downtown headquarters of JPMorgan Chase will be the largest residential and multi-use project south of Canal Street.

75 Wall Street defines world-class luxury living with an abundance of amenities and a full-service lifestyle. 350 luxury condominiums comprise the upper 24 floors while 250 hotel suites in the lower portion of the building will be managed by Hyatt Corp. under its newly launched luxury lifestyle brand, Andaz. The word Andaz means personal style. This new luxury hotel brand expresses individual style and personal independence in an environment of casual elegance. It offers local personality, innovative design and a relaxed atmosphere, plus unpretentious, responsive, personalized service.

The award-winning architectural design firm The Rockwell Group, has been engaged to reconfigure the interiors and public spaces for both the residences and hotel including the grand lobby designed as a three-story, light-filled atrium with separate entrances for hotel guests and condominium residents.

The residences at 75 Wall Street are bright, open and airy. Loft-like layouts range from traditional studios to oversized studios with studies, one bedroom, and onebedrooms with study, two bedrooms, two bedrooms plus den, and three bedrooms. The dramatic duplex penthouses feature custom-built library walls, fireplaces and terraces with wetbar. All homes are enhanced by 10' ceilings, 9'x7' picture windows and cerused oak flooring throughout as well as a custom built overhead storage system that maximizes the use of space. Dramatic open-plan kitchens are illuminated by glass tile backsplashes and lacquer and glass cabinets. Hotel-quality baths are covered from floor to ceiling in stellar white marble. The master baths display handcrafted custom double vanities.

World class amenities abound at 75 Wall Street. Residents will enjoy integrated hotel services including room service, catering, housekeeping, valet laundry and valet parking as well as a full-time personal concierge. Condominium residents will also have access to 30,000 sq. ft of lifestyle amenities. These begin at Club 75 on the 18th floor, which provides a wealth of relaxation options such as a cardio fitness center, massage treatment room, media room with video/TV projection, and a dedicated game room, all with inspiring views. The 42nd floor rooftop is the hub of activity where indoor and outdoor lifestyle amenities meet. Features including a solarium and lounge, sandy 'beach,' hot tub, hammocks, barbecue grills and an indoor/outdoor fireplace along with 360-degree views make life at 75 Wall an urban retreat. The enclosed section houses the Rockwell-designed lounge, kitchen and fireplace for year-round enjoyment. 75 Wall Street will also feature a large indoor garage.

75 Wall Street enjoys the unique context as the only freestanding building on Wall Street with 360-degree views, light and air. The Rockwell Group celebrates the ideas of contemporary luxury through natural materials and textures. Design elements for the hotel lobby include large windows that open onto the landscaped park between Pearl and Water Street. Light-infused materials such as back-mirrored glass and custom light fixtures create a warm and inviting atmosphere highlighted by a central dramatic organic staircase that leads upstairs to the hotel restaurant, bar and lounge and downstairs to the hotel's conference rooms and spa fitness center. The residence lobby is enhanced by an open fireplace, and seating islands designed for easy conversation and socializing.

75 Wall's prime location at the corner of Wall and Water Street bordered by Pearl Street, places it at the epicenter of the Financial District, one of New York City's fastest growing residential neighborhoods. It is being developed by The Hakimian Organization along with partners, Peykar Brothers Realty & Gorjian Properties.

Occupancy scheduled for Summer 2008.