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Financial District

French Department Store Printemps Opens At One Wall Street in Financial District, Manhattan

8:00 am on March 21, 2025 By Michael Young

Printemps, the 160-year-old upscale French department store, opened its first U.S. location this morning at One Wall Street in Lower Manhattan’s Financial District. Designed by Laura Gonzalez in the style of a Parisian apartment, the 55,000-square-foot outpost spans two stories and is the final component in the transformation of the historic 564-foot-tall Art Deco skyscraper, which underwent an office-to-residential conversion that finished in 2023. The property yields 566 condominium units, 100,000 square feet of private amenities, as well as a Whole Foods Market and Life Time fitness facility in its base. Printemps is located along Broadway between Wall Street and Exchange Place.

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Affordable Housing Lottery Launches for 25 Water Street in Manhattan’s Financial District

7:00 am on March 8, 2025 By Vanessa Londono

The affordable housing lottery has launched for 25 Water Street, a 32-story office-to-residential conversion and expansion in the Financial District of Manhattan. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the structure yields 1,300 residences. Available on NYC Housing Connect are 330 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $31,955 to $173,340.

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Rendering of 100 Gold Street, courtesy of FXCollaborative

Next Steps Announced For 100 Gold Street Redevelopment In the Financial District, Manhattan

7:00 am on March 6, 2025 By Max Gillespie

The City of New York has announced the next steps in the redevelopment of 100 Gold Street, a city-owned building planned for conversion into a mixed-income residential building in Manhattan’s Financial District. Led by the New York City Economic Development Corporation (NYCEDC) and the New York City Department of Housing Preservation and Development (HPD), the project will yield approximately 1,000 units and is part of Mayor Eric Adams’ “Manhattan Plan,” which aims to create 100,000 new homes in the borough over the next decade. The 95,000-square-foot building is located at the corner of Gold Street and Frankfort Street.

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Façade Installation Progresses on 1 Park Row in the Financial District, Manhattan

8:00 am on February 17, 2025 By Michael Young

Façade installation is continuing 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, the 305-foot-tall structure will span 103,000 square feet and yield 62 condominium units in studio- to three-bedroom layouts. The building will also contain 19,000 square feet of office and retail space on the lower levels. The property 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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New Renderings Revealed for SoMA Office-To-Residential Conversion At 25 Water Street in Financial District, Manhattan

8:00 am on February 1, 2025 By Michael Young

New renderings have been revealed for SoMA, the largest office-to-residential conversion in the Unites States at 25 Water Street in Lower Manhattan’s Financial District. Designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, the project involves the replacement of the building’s brick façade with a modern fenestration featuring more expansive windows, a gut renovation of its 1.1 million square feet of interiors, and the construction of ten new stories above its former parapet. The overhaul will yield 1,300 apartments, making it the largest conversion in the country by unit count, surpassing the 566-unit redevelopment of One Wall Street a few streets to the north. The building will also feature approximately 100,000 square feet of amenities. Pavarini McGovern is the general contractor for the property, which is bound by Water Street to the north, 2 New York Plaza to the south, the New York Vietnam Veterans Memorial to the east, and Broad Street to the west. The name SoMA pays homage to the building’s location in South Manhattan, sitting at the southernmost tip of Manhattan at the nexus of Fidi, Battery Park and the Seaport District.

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