Cushman & Wakefield

160 Water Street’s Residential Conversion and Expansion Progresses in Financial District, Manhattan

Work is progressing on 160 Water Street, a 29-story office-to-residential conversion and expansion in Manhattan’s Financial District. Designed by Gensler and developed by Vanbarton Group, the project involves the construction of five floors atop the parapet of the 24-story structure and the conversion of its 525,000 square feet of office space to yield 588 rental units in studio to two-bedroom layouts. The overhaul, which is being carried out with a $272.5 million loan from Brookfield Real Estate Financial Partners arranged by Cushman & Wakefield, will also include upgrades to building infrastructure, renovated lobby and common spaces, and the construction of a suite of amenity spaces. Collaborative Construction Management is the general contractor for the property, which is located at the corner of Water and Fletcher Streets.

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Façade Installation Progresses on 15 Hanover Place in Downtown Brooklyn

Façade installation is progressing on 15 Hanover Place, a 34-story residential tower currently rising in Downtown Brooklyn. Designed by Fogarty Finger and developed by Lonicera Partners, for which Cushman & Wakefield arranged $134 million in construction financing from Santander and City National Bank, the 463-foot-tall structure will span 70,734 square feet and yield 314 apartments with 95 reserved for affordable housing, as well as 9,000 square feet of ground-floor retail space in the podium. Noble Construction Group is the general contractor for the property, which was formerly addressed as 23 Hanover Place and located at the corner of Livingston Street and Hanover Place.

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