Downtown

40 Exchange Place. Image courtesy of 40 Exchange.

40 Exchange Place Readies for 382-Unit Office-To-Residential Conversion in Financial District, Manhattan

7:30 am on February 17, 2026 By Michael Young and Matt Pruznick

Work is about to begin on the office-to-residential conversion of 40 Exchange Place, a 20-story commercial building in Lower Manhattan’s Financial District. Designed by Tuller McNealus Feld and developed by GFP Real Estate, the project will repurpose the structure’s 300,000 square feet into 382 rental apartments. The project will also include ground-floor retail space. A portion of the residential offering will be dedicated to affordable housing. The property is located at the intersection of Exchange Place and William Street.

Perplexity Signs New Lease Spanning 22,000 Square Feet at 841, 853 Broadway in Union Square, Manhattan

7:00 am on February 17, 2026 By Max Gillespie

AI company Perplexity has expanded its office footprint in Manhattan’s Union Square, signing a new lease that brings its total occupancy to 22,000 square feet across 841 and 853 Broadway. The company, which initially leased the entire fourth floor of 853 Broadway in June, has now secured the fourth floor of the adjoining 841 Broadway, also known as the Roosevelt Building. The Feil Organization, owner of both buildings, will remove the dividing wall to create a contiguous full-floor office space. The properties are located between East 13th and 14th Streets, just south of Union Square Park.

Financing Secured For Campos Plaza II Renovation In East Village, Manhattan

7:30 am on February 11, 2026 By Max Gillespie

The New York City Housing Authority (NYCHA) has closed on $92.5 million in financing for the renovation of Campos Plaza II, a two-building residential development in Manhattan’s East Village. The project, part of NYCHA’s Permanent Affordability Commitment Together (PACT) initiative, will modernize 224 apartments housing more than 450 residents. Development partners L+M Development Partners, Type A Projects, and Henge Development will lead the rehabilitation.

50-58 Cliff Street. Rendering courtesy of Settlement Housing Fund.

Renderings Reveal All-Affordable Housing Tower at 50–58 Cliff Street in Manhattan’s Financial District

8:00 am on February 7, 2026 By Michael Young and Matt Pruznick

Preliminary renderings have been revealed for 50–58 Cliff Street, a planned 24-story all-affordable residential tower on the border of Lower Manhattan’s Financial District and Seaport District. Designed by Dattner Architects and developed in a joint venture between the property owner Trinity Church and Settlement Housing Fund, the structure is slated to yield 120 below-market rental units, with 18 dedicated to formerly homeless individuals. The nearly $70 million project would also include ground-floor social services. The 6,000-square-foot property is located near the corner of Cliff and Fulton Streets.

One Liberty Plaza Unveils Lobby Art Installation At 165 Broadway In Financial District, Manhattan

7:00 am on February 1, 2026 By Max Gillespie

Brookfield Properties has unveiled a new art installation by artist Pierre Huyghe at One Liberty Plaza, a 54-story, 2.3-million-square-foot office skyscraper at 165 Broadway in Manhattan’s Financial District. The centerpiece of the building’s reimagined double-height lobby is A::Light, an interactive ceiling-based artwork that functions as a playable video game. The installation was presented in collaboration with Fine Art Concepts, LLC, with Huyghe represented by Marian Goodman Gallery, and lobby interiors by Gachot Studios.

GDSNY Reveals New Lobby Design at One Saint Mark’s Place in Manhattan’s East Village

7:00 am on January 27, 2026 By Max Gillespie and Matt Pruznick

Renderings have been revealed for the GDSNY-designed lobby at One St Marks, a nine-story office building originally designed by Morris Adjmi Architects at 1 St. Marks Place in Manhattan’s East Village. Developed by Real Estate Equities Corporation, the structure yields 49,194 square feet of office space. The project also includes expansive wraparound terraces on levels five, six, and nine, and 7,776 square feet of retail space on the ground floor and cellar level. The property is alternately addressed as 3 St. Mark’s Place and located at the northeast corner of Third Avenue.

PayPal Signs Ten-Year Lease at 345 Hudson and 555 Greenwich in Hudson Square, Manhattan

7:00 am on January 25, 2026 By Max Gillespie and Matt Pruznick

PayPal has signed a ten-year lease to occupy 261,000 square feet at 345 Hudson and 555 Greenwich, an interconnected two-building office property in Hudson Square, Manhattan. Designed by COOKFOX Architects and developed by Hudson Square Properties, a joint venture between Hines, Trinity Church NYC, and Norges Bank Investment Management, the 17-story complex was completed in 2023 and yields 860,000 square feet of office space. PayPal will occupy three floors in the building, which is located between King and Charlton Streets.

LPC To Review Modification Proposal For 112–113 South Street In Financial District, Manhattan

7:30 am on January 22, 2026 By Max Gillespie

A proposal has been submitted for review by the Landmarks Preservation Commission (LPC) to modify two adjoining buildings located at 112 and 113 South Street in Manhattan’s Financial District. The application seeks approval to add dormer windows to the front and rear roof slopes of both buildings. As documented by submitted materials, the project intends to expand habitable attic space within the existing structures. Each building currently stands four stories tall with an attic and includes three residential units and one commercial unit. The properties are located between Peck Slip and Beekman Street.

Public Art Mural Debuts At 77 Water Street Construction Site In Financial District, Manhattan

7:30 am on January 15, 2026 By Max Gillespie

ArtBridge and the Downtown Alliance have unveiled the first mural resulting from a new public art initiative aimed at enhancing construction sites across Lower Manhattan. The installation wraps around all four sides of 77 Water Street, a 26-story tower currently undergoing an office-to-residential conversion led by Vanbarton Group in the Financial District. The artwork, titled I See The Sky From The Other Side, was designed by award-winning artist Eirini Linardaki and spans 700 linear feet of construction fencing at the property, which is bounded by Gouverneur Lane, Old Slip, and Front Street.

LPC To Review Proposal For 432 Hudson Street In West Village, Manhattan

7:00 am on January 11, 2026 By Max Gillespie

The New York City Landmarks Preservation Commission (LPC) is set to review a proposal for restoration and alteration work at 432 Hudson Street, a four-story, four-unit residential building in West Village, Manhattan. Designed by Peter Pennoyer Architects, the project calls for the restoration of its front façade, replacement of the shopfront, rear yard modifications, and the construction of a rooftop bulkhead. The property is located between Morton Street and St. Lukes Place.

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