A Landmark Office Tower in Lower Manhattan Reimagined

The new owner of the former One Chase Manhattan Plaza sees panes of glass, not walls of black granite, below the elevated plaza at the office tower. It also envisions more space for retail shops and a plaza that would get a little tender, loving care.

The real-estate arm of China-based Fosun International Ltd. has laid out its plans for what it now calls 28 Liberty to New York City’s Landmarks Preservation Commission and is set to give the public its first look at the proposed restoration and overhaul Thursday evening at a...