Midtown’s Nordstrom Tower is set to become NYC’s tallest residential building, but now another skyscraper is hoping to give it a little competition downtown. While it actually falls a bit shy of its Park Avenue counterpart, 125 Greenwich St. would reach 1,356 feet if built, making it the tallest residential building in Downtown New York. Developed by Michael Shvo and Bizzi & Partners, the condo building would be just 12 feet shorter than One World Trade Center‘s roof.

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Although the design is still in the planning stages, Uruguayan architect Rafael Vinoly has been connected to the project. Judging from the first renderings released of his design, the luxury tower is a slender and fairly conservative structure.

Related: New York’s Nordstrom Tower Set to Be the World’s Tallest Residential Building

Upon completion, the $180 million real estate project will offer a mix of commercial space and 128 residential units with ten luxury 5,300-square-foot penthouses on top. There’s no official word yet on pricing but spaces are selling for $3,000 per square-foot in simliar luxury downtown condos.

Via NY Daily News

Images © Shvo/Bizzi & Partners/Vinoly via YIMBY