Financial District

Rendering of completely repurposed 25 Water Street, New York City, from office to residential, courtesy of CetraRuddy.

25 Water Street’s Expansion Tops Out in Financial District, Manhattan

8:00 am on February 27, 2024 By Michael Young and Matt Pruznick

Construction has topped out on 25 Water Street, a 32-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the project involves the construction of ten stories above the parapet of the former 22-story office building, the replacement of much of its old façade with a modern fenestration featuring more expansive glass, and the gut renovation of its 1.1 million square feet of interiors into 1,300 rental units.

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The Greenwich by Rafael Viñoly’s Façade Installation Wraps Up At 125 Greenwich Street in Financial District, Manhattan

8:00 am on February 25, 2024 By Michael Young and Matt Pruznick

Exterior work is nearly complete on The Greenwich by Rafael Viñoly, an 88-story residential skyscraper at 125 Greenwich Street in Manhattan’s Financial District. Designed by Rafael Viñoly Architects and developed by Fortress Investment Group, Bilgili, and Bizzi & Partners, the 912-foot-tall structure will yield 272 condominium units designed by March & White (MAWD) and marketed by Douglas Elliman Marketing Development. Homes will range from studios to three-bedroom layouts with pricing starting at $1.15 million. Time Square Construction and Plaza Construction are the general contractors for the property, which is located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

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Preliminary rendering of 111 Washington Street, formerly 8 Carlisle Street

Foundations Underway for 64-Story Skyscraper at 111 Washington Street in Financial District, Manhattan

8:00 am on February 15, 2024 By Michael Young and Matt Pruznick

Foundation work is underway at 111 Washington Street, the site of a 64-story residential skyscraper in Manhattan’s Financial District. Designed by Handel Architects and developed by Carlisle New York Apartments and Grubb Properties, which closed on a $48 million loan for the project last summer, the 712-foot-tall structure will span 326,221 square feet and yield 462 residential units, 7,000 square feet of commercial space, and a 60-foot-long rear yard. Consigli Construction is the general contractor for the property, which is alternately addressed as 8 Carlisle Street and located at the corner of Washington and Carlisle Streets, south of the nearby World Trade Center complex.

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Window Installation Progresses on 1 Park Row in Financial District, Manhattan

8:00 am on February 8, 2024 By Michael Young and Matt Pruznick

Exterior work is moving along on 1 Park Row, a 23-story mixed-use building in Lower Manhattan’s Financial District. Designed by Fogarty Finger Architects and developed by Circle F Capital, which received a $90 million construction loan from Parkview Financial in 2021, the 305-foot-tall structure will span 103,000 square feet and yield 58 condominium units in one- to three-bedroom layouts with interior design by Paris Forino, along with 19,000 square feet of office and retail space on the lower levels. Cauldwell Wingate is the general contractor and 1 Park Row Development LLC is the owner of the property, which is located at the intersection of Park Row and Ann Street, directly across from the southern tip of City Hall Park.

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The Greenwich’s Exterior Nears Completion at 125 Greenwich Street in Financial District, Manhattan

8:00 am on December 28, 2023 By Michael Young and Matt Pruznick

The fourth-tallest building on our year-end construction countdown is The Greenwich, a 912-foot-tall residential skyscraper at 125 Greenwich Street in Manhattan’s Financial District. Designed by Rafael Viñoly Architects and developed by Fortress Investment Group, Bilgili, and Bizzi & Partners, the 88-story structure will yield 273 condominium units designed by March & White (MAWD) and marketed by Douglas Elliman Marketing Development. Homes will range from studios to three-bedroom layouts with pricing starting at $1.15 million. Time Square Construction and Plaza Construction are the general contractors for the property, which is located at the corner of Greenwich and Thames Streets, just south of the World Trade Center complex and Liberty Park.

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