Financial District

Exterior Work Continues on 1 Park Row in Financial District, Manhattan

Façade installation is progressing 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, as well as 19,000 square feet of office and retail space on the lower levels. 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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Preliminary rendering of 111 Washington Street, formerly 8 Carlisle Street

Foundations Take Shape For 64-Story Residential Skyscraper at 111 Washington Street in Financial District, Manhattan

Foundations are progressing 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. The development 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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One Wall Street, image by DBOX

1 Wall Street Banking Room Interior Designated a Landmark in Financial District, Manhattan

The New York City Landmarks Preservation Commission has unanimously voted to designate the 1 Wall Street Banking Room Interior, also known as the Red Room, as a landmark in Manhattan’s Financial District. Completed in 1931, this unique and elaborately tiled space served as a reception room and banking hall for the Irving Trust and Bank Company. The Red Room represents the work of architect Ralph Walker and muralist Hildreth Meière.

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Pearl House, City’s Largest Office-to-Residential Conversion, More Than Half Fully Leased

After opening its doors in late 2023, Pearl House has officially surpassed 50 percent leased. Located at 160 Water Street in the Financial District, the city’s largest office-to-residential conversion to date, yield 24 stories with 588 units and 30,000 square feet of amenities. Pearl House is designed by Gensler and developed by Vanbarton Group, a real estate development, investment, and advisory firm, with Compass Development Marketing Group handling leasing. Pricing for available units starts at $3,909 a month.

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