Articles by Vanessa Londono

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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Housing Lottery Launches for 51 West 174th Street in Morris Heights, The Bronx

The affordable housing lottery has launched for 51 West 174th Street, a four-story residential building in Morris Heights, The Bronx. Designed by Nikolai Katz Architects and developed by Yitzi Salamon, the structure yields 25 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $105,223 to $161,590.

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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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