text: Cedar Street was closed in the late 1950s to make way for 28 Liberty Street's construction. In exchange for acquiring the block of Cedar Street, Chase agreed to cede  on each side of the lot for street-widening, paid the city $100,000, and took responsibility for utilities under the newly closed portion of Cedar Street. The city had rarely closed streets for private commercial development, except when there was "substantial" benefit to the public, such as with Grand Central Depot (later Grand Central Terminal) and the original Pennsylvania Station. Chemical Bank, which purchased the adjacent 20 Pine Street, agreed to carve out an arcade on that building along the southern facade of the ground level in order to allow the widening of the Pine Street sidewalk.
  Architecture
  Skidmore, Owings & Merrill (SOM) designed 28 Liberty Street. Four of the firm's thirteen general partners were most involved with 28 Liberty Street's design, namely Gordon Bunshaft, Edward James Mathews, Nathaniel A. Owings, and J. Walter Severinghaus. Bunshaft, who was tasked with the building's general design, passed most of the planning responsibilities to Roy O. Allen and Jacques E. Guiton, since Bunshaft was also involved in several other projects at the time. Three contractors were hired to excavate the foundations, while Turner Construction was hired as the general contractor. Weiskopf & Pickworth was hired as the structural engineer.
  The building comprises a 60-story tower atop a base composed of five basement stories and the ground floor on Liberty Street. It has a total height of , making it the third-tallest building in the Financial District upon its completion, after the  40 Wall Street and the  70 Pine Street. In addition, 28 Liberty Street was the first curtain-walled building to be taller than .