By 2005, meanwhile, Wachovia plans to put up for sublease between half and all of its 1.3 million feet at 1 New York Plaza, where its lease runs till about 2009. Wachovia could strike a deal with a current tenant that might want more room; the tower is already home to Goldman Sachs and powerhouse law firm Fried, Frank, among others. With nearly 3 million square feet, Trizec's 1 New York Plaza is one of the city's biggest office buildings. Nearly full, it enjoyed a boost when Goldman renewed its lease there for 500,000 feet. "By no means has downtown stopped seeing large blocks of high-quality buildings coming on the sublease market to compete with direct space," commented Bruce Surry, a downtown leasing specialist for CB Richard Ellis. "This will continue to exert downward pressure on prices downtown." * Health Insurance Plan of N.Y., which gave downtown a lift when it moved from Midtown and took 500,000 square feet at 55 Water St. last spring, is taking even more space there.