375 Pearl Street
|375 Pearl Street|
|Location||375 Pearl Street, New York City|
|Owner||Sabey Data Center Properties|
|Roof||540 feet (160 m)|
|Floor area||1.098 million square feet (102×103 m2)|
|Design and construction|
|Architect||Rose, Beaton & Rose|
The building, which appears windowless but has several 3-foot-wide slits (0.91 m) (some with glass) running up the building, is featured in most photos of the bridge from the Brooklyn side. Verizon operations include a small DMS-100 switching system and a Switching Control Center System. The building's CLLI code, its identification in the telecommunications industry, is NYCMNYPS.
The building will undergo a renovation in 2016.
When it opened in 1975 for New York Telephone Company, New York Times architecture critic Paul Goldberger decried it as the “most disturbing” of the phone company’s new switching centers because it “overwhelms the Brooklyn Bridge towers, thrusts a residential neighborhood into shadow and sets a tone of utter banality.”
The building played an important part in recovering service to the police department in the attacks of September 11, 2001.
In September 2007 it was announced that Taconic Partners bought the building from Verizon. Verizon will lease back floors 8 through 10. Taconic bought the 1.098-million-square-foot building (102,000 m2) for $172.05 million, which amounted to $185 a foot when property was selling in Manhattan for $500 a foot. Other appeals of the building are its 16- to 17-foot (5.2 m) ceilings and 39,000-square-foot (3,600 m2) floor plans as well as the naming rights. The Verizon logo currently tops the building.
Paul E. Pariser, co-chief executive of Taconic, said a reporter had told him: 'Mr. Pariser, you have a challenge cut out for you — turning a G.E. dishwasher into an office building.' I like that challenge.
In early June 2011, Sabey Data Center Properties, the largest privately held developer, owner, and operator of data centers in the United States purchased the deed in lieu of foreclosure from M&T bank for $120 million, considerably less than what Taconic had paid a few years earlier. Sabey intends to redevelop the property as a major Manhattan data center and technology building. The building is now referred to as Intergate.Manhattan.
John Sabey said his company was excited to be part of lower Manhattan’s “ascendance as a world capital for data-based enterprises of all types.” He said Intergate.Manhattan would appeal to “new scientific, academic and medical research centers” in addition to data center tenants.
“The largest areas of growth for data centers are in the financial, internet-based service and networking, insurance, and healthcare sectors, particularly in life sciences research,” said Sabey. “Mission critical computing in these areas demands varying levels of availability and latency sensitivities. Indeed, the most infinitesimal delay in a single computer operation can be harmful. For these enterprises and for multi-national companies originating in Europe and looking to establish a North American data center location, New York is typically a prime choice.” 
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- Wilson, Reid (15 January 2016). [newyorkyimby.com/2016/01/office-renovation-leasing-underway-at-32-story-verizon-building-375-pearl-street-civic-center.html "Office Renovation, Leasing Underway At 32-Story Verizon Building, 375 Pearl Street, Civic Center"] Check
value (help). YIMBY. Retrieved 16 January 2016.
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- Weiss, Lois (2007-09-26). "Downtown Tower Deal; Verizon Sells Cheap to Taconic". New York Post. Retrieved 2009-09-04.
- "Intergate.Manhattan". Sabey. Retrieved September 7, 2013.
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- "Are these the ugliest buildings in the world?". The Daily Telegraph. April 10, 2012. Retrieved September 7, 2013.
- Media related to 375 Pearl Street at Wikimedia Commons