Financial District

40 Exchange Place. Image courtesy of 40 Exchange.

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

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.

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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

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.

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

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.

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

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.

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

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.

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