Brookfield Properties recently secured a $750 million long-term loan extension for One Liberty Plaza, a 54-story office skyscraper at 165 Broadway in Manhattan‘s Financial District. The loan was provided by a collection of lenders, including Morgan Stanley.
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.
One Wall Street recently revealed new residences and pricing in the Financial District’s most luxurious Art Deco skyscraper. The residential development is offering four percent commission, sponsor-paid transfer taxes and common charges for a limited time. Developed by Macklowe Properties, the 564-foot-tall tower is the largest office-to-residential conversion in the city with 566 prime residences, 100,000 square feet of amenities, and a Whole Foods and Lifetime Fitness health club in the base of the building.
Silverstein Properties has announced that Ekimetrics, a global technology company offering data science and AI-powered solutions, has signed a ten-year lease for 24,367 square feet at the landmarked Equitable Building, located at 120 Broadway in Manhattan’s Financial District. This move marks the relocation of Ekimetrics’ sole US office from 155 West 23rd Street to the historic skyscraper’s 29th floor.
Construction is nearing completion on Pearl House, a 29-story office-to-residential conversion at 160 Water Street in the Financial District of Lower Manhattan. Designed by Gensler and developed by Vanbarton Group, the project involves the addition of three 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, as well as a suite of amenities. Compass Development Marketing Group is the exclusive leasing and marketing partner for the property, which is bound by Pearl, Water, and Fletcher Streets.