Designed by the esteemed architectural firm of Cross & Cross in the restrained style once known as “Modern Classic,” the 57-story skyscraper was completed in 1931. It was built to be the Wall Street headquarters of the City Bank Farmers Trust Company, which would become one of the world’s largest banking institutions – CitiBank. This stone-clad icon is among New York’s tallest buildings and is one of the most prominent features of the lower Manhattan skyline. The steel-framed tower is sheathed in granite and limestone, making it, at the time of completion, the world’s tallest building with a stone-faced façade and one of the era’s most noteworthy skyscrapers. Reaching 741 feet high, the “wedding cake” style skyscraper was also the fourth tallest building in New York City, remaining in the top ten tallest until the 1970’s.
The conversion of 20 Exchange to residential was completed in 3 phases with the final phase completed in 2015. The 57-story building is comprised of 767 residential apartments, a resident lounge, fitness center, on-site valet and outdoor terrace.