Developers Seek $860M Finance Package to Renovate 111 Wall Street in Manhattan

Rendering of 111 Wall Street - Nightingale Properties; Wafra Capital PartnersRendering of 111 Wall Street - Nightingale Properties; Wafra Capital Partners

Nightingale Properties and Wafra Capital Partners recently launched a campaign to draw in $860 million in construction financing to redevelop an existing office building in Manhattan’s Financial District. Located at 111 Wall Street, it is estimated that redevelopment costs will max out at $1 billion.

Studios Architecture was retained to fully revitalize and reposition the property as a sought-after destination for modern Class-A office space.

Lifestyle amenity spaces will span over 40,000 square feet and will include a 125-seat conference center, flexible event space, a bike and scooter charging room, upscale food and beverage options for tenants, a café, a fitness center, and a spa.

Proposals also include the construction of over 20,000 square feet of manicured outdoor and green spaces including an occupiable rooftop, the installation of a new curtain wall, floor-to-ceiling windows, an expanded lobby, and a new high-speed network of elevator lifts.

111 Wall Street Office Suite - Nightingale Properties; Wafra Capital Partners

111 Wall Street Office Suite – Nightingale Properties; Wafra Capital Partners

111 Wall Street Terrace - Nightingale Properties; Wafra Capital Partners

111 Wall Street Terrace – Nightingale Properties; Wafra Capital Partners

111 Wall Street Rooftop Rendering - Nightingale Properties; Wafra Capital Partners

111 Wall Street Rooftop Rendering – Nightingale Properties; Wafra Capital Partners

As part of an infrastructure overhaul, the property will receive state-of-the-art MEP systems, energy-efficient HVACs, and fully redundant power systems. The property aims to achieve LEED Silver certification.

Newmark Knight Frank is currently working on acquiring the required loan for the project, while Jones Lang LaSalle will exclusively oversee all leasing at 111 Wall Street.

111 Wall Street Ground Floor Elevation - Nightingale Properties; Wafra Capital Partners

111 Wall Street Ground Floor Elevation – Nightingale Properties; Wafra Capital Partners

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TFC Horizon
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4 Comments on "Developers Seek $860M Finance Package to Renovate 111 Wall Street in Manhattan"

  1. David : Sent From Heaven. | September 29, 2020 at 7:05 am | Reply

    The new idea replaces the old one, that has developed. What do you say? Hello New York YIMBY.

  2. I worked in this building in the 1970’s when it was the principal back office site for Citibank. I remember the very cold walk across Wall Street from the #4 IRT stop, mostly into the wind. Two generations ago, my family owned a wholesale fish trucking business in the nearby Fulton Fish Market.

  3. Tear the sordid thing down and build a supertall.

  4. No more supertalls, please

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