The former downtown headquarters of JP Morgan Chase, 75 Wall Street, a rose-colored brick tower, is making the switch from office building to luxury condos and a hotel. The building will be home to an Andaz hotel, the recently announced new luxury lifestyle arm of Hyatt. The 250-suite hotel will take up the lower part of the building while the upper 24 floors will be home to 350 condominiums. The Rockwell Group, an architectural design firm, will be reconfiguring the interiors and public spaces.

The residences will have loft-like layouts from studios to three bedrooms. There will also be duplex penthouses with custom library walls, fireplaces and terrace with wet bars. Other details include large picture windows, 10-foot ceilings, white marble baths, cerused oak flooring and an overhead storage system to maximize space. Amenities such as room service, catering, housekeeping and concierge service are also planned. The tower will also feature Club 75, a lifestyle area that will house a fitness center, massage treatment rooms, media room and game room. On the 42nd floor rooftop there will be a solarium, lounge, sandy beach, hot tub, hammocks, grills and a lounging area with a fireplace and a kitchen. Completion is set for 2008.