42 Ann Street Lofts

The Compass Lofts is a newly renovated, 10-story adaptive reuse residential and commercial building located in Manhattan’s Financial District. In a neighborhood and long-time home to some of Wall Street’s largest companies, the area is quickly transforming with new residential and hospitality developments. Previously the showroom and office of architectural instrument manufacturer Keuffel & Esser, Elie Pariente and Josh Rahmani of EMP Capital Group, tapped architecture firm Colkitt&Co, interior design studio Tamara Eaton Design, Zaskorski & Notaro Architects, New York Design Architects, and others to transform the space into luxury residences. The restored landmark offers seven loft suites that combine historic architecture with modern conveniences.

The building is bookended by two streets with the exclusive residence entrance located at 42 Ann Street, and the commercial entrance at 127 Fulton Street. Originally constructed in 1893, the team strived to restore the landmarked building’s historic integrity while carefully recreating architectural details on the exterior. The facade features ornate, traditional engravings, including some of the original Keuffel & Esser signage. The two-story lobby, designed by Tamara Eaton Design in collaboration with Colkitt&Co, was inspired by a vintage manufacturing theme that nods to the building’s history with touches of romantic decor. Above the lobby are seven, full floor luxury units - six of which are two-bedroom lofts - offering open floorplans that optimize the space and are accented by distinctive half-moon windows on both the north and south sides of the building. The seventh unit is a duplex penthouse, a new addition to the building, with 1,300-square-foot private rooftop decks.

Throughout the residential transformation, the building’s rich architectural details such as barrel vaulted ceilings and window engravings are juxtaposed with high-end finishes including energyefficient Viking and Liebherr appliances, high-gloss kitchen cabinets, hardwood flooring and porcelain countertops. Colkitt&Co collaborated with Tamara Eaton Design on interior layout modifications in the residential units, and duplex penthouse, as well as worked through code issues to obtain the building’s certificate of occupancy. Colkitt&Co also completed a design and renderings for the duplex penthouse, a unit which will remain unfinished until the space is sold and the homeowner decides on custom finishes and furnishings.

Photography by Will Femia