It definitely serves to deliver more depth in the overall massing and design at the base/pedestrian level than just a square box. I don't know if it serves a functional purpose from a revenue standpoint as it decreases leaseable square footage on those floors. But it may also serve a purpose of getting more natural light to the lobby level, especially on the side opposite the river.
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"Then each time Fleetwood would be not so much overcome by remorse as bedazzled at having been shown the secret backlands of wealth, and how sooner or later it depended on some act of murder, seldom limited to once."
Against the Day, Thomas Pynchon
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