55 Water Building Information

Building Info

A virtual city unto itself, 55 Water Street provides a fail safe operating environment. Powerful systems support massive capacities instilling confidence that any crisis can be readily addressed.

An extraordinarily advanced technological infrastructure includes multiple redundancies in every major operating system from electric, HVAC, and telecom to life safety and security. Tenants can also avail themselves of sufficient excess power to operate without interruption for multiple days should an emergency situation arise.

The second largest privately owned office building in the country, 55 Water Street is situated on 3.7 acres and boasts multiple open spaces that enhance the quality of life in Lower Manhattan.

55 Water Street Ownership


Combining financial prowess with long-term vision, this building without peer is the flagship, debt-free investment of the Retirement Systems of Alabama (“RSA”), a sizable pension fund with holdings throughout the United States.


The RSA includes the Teachers’ Retirement System (TRS), the Employees’ Retirement System (ERS), and the Judicial Retirement Fund (JRF). The RSA currently manages 20 funds with aggregate assets of approximately $30 billion to date. The RSA is the 14th largest internally managed public pension plan in the world.

The RSA has a diverse investment portfolio, including: the world-renowned Robert Trent Jones Golf Trail, described by The New York Times as “some of the best public golf on earth” and recently named by Money magazine as one of “eight perfect places to spend your winter holiday;” Raycom Media owns and/or operates 36 television stations doing business from New York to Hawaii, reaching 10.2% percent of U.S. households; Community Newspaper Holdings, Inc., owns the largest number of daily, weekly and semiweekly newspapers in the U.S., in more than 200 communities throughout the country; more than 2.5 million square feet of Class A office space throughout Alabama; and numerous hotel holdings. For more information on the Retirement Systems of Alabama and its investments please go to our web site at www.rsa-al.gov.


  • HVAC - The building has extended hours of HVAC operation, which helps cut down on costly, overtime HVAC requirements and better facilitates the operations of modern, global-oriented tenants. Standard hours of HVAC operation are 8:00 AM to 1:00 AM Monday through Friday and 8:00 AM to 6:00 PM Saturday and Sunday.
  • Electricity - Electricity is submetered by the Landlord. The building is designed and operated to satisfy additional electrical demands of tenants with extensive operations requirements.
  • Elevators - A comprehensive rehabilitation program was completed which included installation of a new solid state, micro-processor controlled dispatch and control system, security cameras, door hardware, new A.D.A. compliant cab interiors and emergency power to allow all elevators to function during a power outage. Additionally, cameras and card readers have been installed in each elevator. After hours elevator access requires the use of building issued identification cards.
  • Loading Docks - The building maintains 2 separate loading docks which allow for increased delivery speed and capacity.
  • Parking Garage - See On-Site Garage page.
  • Catering - All types of catering services are available through Masterpiece Caterers; contact the general manager at 646-568-3495.
  • Building Management - On-site management office located on Concourse Level.
  • See Downloads for Technical Specifications
Cafe 55

Café 55

The newly developed Café 55 provides a multitude of dining options for building tenants. Seven independent stations offer enough flexibility to satisfy even the most discerning palates. The Café provides ample table seating in an attractive, immaculate, and relaxed environment. Located on the ground floor, this 17,000 square foot food court is open for breakfast and lunch. The operator, Masterpiece Caterers, provides all types of catering options for tenants within the building.

For Catered Events at the Elevated Acre, please contact Masterpiece Caterers at 646-568-3495.

On-Site Garage

The parking garage at 55 Water Street maintains 520 parking spaces and offers self-park as well as valet service. Various rates are available (Early Bird Daily Parking Rate, Night Special, Monthly Park Rates, etc.) Amenities include:

  • Access 24 hours a day / 7 days a week
  • Parking Options – Valet, Self Parking & Reserved
  • Credit card in/out option for daily parkers
  • Pay on foot stations for ease of payment
  • Car Detailing – Car washing and interior cleaning
  • Umbrellas – In the event you forget your own, complimentary use of umbrellas (to be returned after use)
  • Locksmith Service – If a patron locks his/her keys in the vehicle
  • Air Pump – To inflate a patron’s flat tire
  • Battery Charger – To recharge a dead battery
  • Gas Service – In the event of an emergency, have your gas tank filled in the garage
  • Indoor bicycle racks
  • Building access through the garage, ideal for inclement weather.
  • Convenient location to area businesses & attractions
  • Parking entrances located at South Street and Old Slip
  • All parking rates are inclusive of tax

For additional information contact the Facility Manager, 212-809-6789 or visit the website: www.impark.com

Elevated Acre

Elevated Acre

Located 40 feet in the air and surrounded by skyscrapers on three sides, the Elevated Acre is a beautiful and unique venue maintained by on-site building management. The site includes a Brazilian Hardwood Boardwalk, an outdoor lawn and garden, a seven-tiered amphitheater surrounding the lawn, and an illuminated, rectangular glass beacon all overlooking the East River. Due to its scenic appeal, the Elevated Acre hosts many public and private events. See the “News and Events” page for upcoming events.

For Catered Events at the Elevated Acre, please contact Masterpiece Caterers at 646-568-3495.

Vietnam Veterans Plaza

Vietnam Veterans Plaza

On November 9, 2001 the Vietnam Veterans Plaza was rededicated after a $7 million renovation. Features of the plaza include:

  • The Vietnam Veterans Memorial – A wall made of glass blocks etched with excerpts of letters, diary entries, and poems written by Americans during the Vietnam Era.
  • The Walk of Honor – This 125-foot-long, 10-foot wide path begins with a stainless-steel map of Vietnam and guides visitors past pylons bearing the names of the 1,741 New Yorkers who lost their lives during the Vietnam War.
  • History Panels – In memory of Vietnam veterans, specific historic panels have been dedicated and are located in the Vietnam Veterans Memorial.

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