Residential

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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211 West 84th Street Rises on Manhattan’s Upper West Side

Construction is rising on 211 West 84th Street, an 18-story residential building on Manhattan’s Upper West Side. Hill West Architects is serving as the architect of record and is being developed by Naftali Group, which purchased the assemblage of properties for $71 million in 2022. The 209-foot-tall structure will span 154,598 square feet and yield 45 condominium units with an average scope of 3,371 square feet, as well as 2,898 square feet of ground-floor retail space, a cellar level, and 17 enclosed parking spaces. The project occupies nearly 250 feet from the corner of Broadway to the middle of the block.

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New-to-Market Pricing and Residences Downtown at One Wall Street

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.

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