Hush Street is tracking what’s being built in Manhattan’s Financial District.
The neighborhood’s story right now is not new skyscrapers. It is old office towers being emptied and rebuilt as apartments. The conversions on this page cover 14 buildings, and their Department of Buildings filings add up to more than 7,500 new homes, led by 111 Wall Street at nearly 1,570. Several, including 80 Pine Street and 80 Broad Street, are using New York’s 467-m tax incentive for office conversions, which requires a quarter of the apartments to be affordable.
Ground-up construction is scarcer and slower: one long-fought Seaport site has a new owner, Trinity Church has picked a nonprofit to build an all-affordable tower, and two of the area’s most famous planned towers have stalled.
Where DOB records and press reports disagree on unit counts or heights, both figures are given. A permit is not treated as proof that construction has started.
| Project | Location | Status |
|---|---|---|
| 1111 Wall Street | 111 Wall St. | Under Construction |
| 261 Broadway | 61 Broadway | Construction Starting |
| 380 Pine Street (Pearl & Pine) | 80 Pine St. | Under Construction (Partly Open) |
| 477 Water Street (1 Gouverneur Lane) | 77 Water St. | Under Construction |
| 5222 Broadway (Wrey) | 222 Broadway | Stop-Work Order (July 2026) |
| 6101 Greenwich Street | 101 Greenwich St. | Permitted |
| 732, 39, 42 & 45 Broadway (Cammeby's) | Lower Broadway | Permitted |
| 830 Broad Street | 30 Broad St. | Permitted |
| 940 Exchange Place | 40 Exchange Pl. | Permitted; Work Beginning |
| 10100 William Street | 100 William St. | Permitted |
| 1180 Broad Street (Maritime Exchange Building) | 80 Broad St. | Permitted |
| 12250 Water Street | 250 Water St. (Seaport) | Approved; Not Yet Permitted |
| 1350-58 Cliff Street | 50-58 Cliff St. | Filed (Plan Review) |
| 14140 Fulton Street | 140 Fulton St. | Filed (Plan Review) |
| 1545 Broad Street | 45 Broad St. | Stalled; Site Under Contract |
| 165 World Trade Center | 130 Liberty St. | On Pause |
| 177 Platt Street | 7 Platt St. | Completed (2026) |
Office Towers Becoming Apartments
Conversions at 14 buildings, from a 1,568-unit overhaul of 111 Wall Street to a four-building program on Lower Broadway, with one halted by a stop-work order this summer.
1
111 Wall Street
The Biggest Conversion in the Neighborhood
At roughly 1,568 apartments, 111 Wall Street is the largest project on this page by a wide margin, and the anchor of the Financial District’s conversion wave. The developers closed an $867 million financing package in December 2025, according to Multi-Housing News, and New York YIMBY reported in August that work was underway.
The unit count varies slightly by source: DOB’s filing says 1,569, the press says about 1,568, and the Downtown Alliance’s pipeline lists roughly 1,500.
Sources: NYC DOB NOW job M00528469-I1 (accessed Oct. 2026); New York YIMBY (Aug. 2026); Multi-Housing News; Downtown Alliance pipeline (Q1 2026)
2
61 Broadway
A $420 Million Construction Loan
RXR’s financing totals more than $475 million, including a $420 million construction loan from an Apollo affiliate (Crain’s). YIMBY put the full package at $475 million and Multi-Housing News at more than $500 million. The project also uses historic tax credits.
Hush Street has not independently confirmed work on site, so the status here reflects the permit and the developer’s announced schedule.
Sources: NYC DOB NOW jobs M01315725-I1 and -P1 (accessed Oct. 2026); New York YIMBY (Mar. 2026); Crain's New York Business; Multi-Housing News
3
80 Pine Street (Pearl & Pine)
Already Delivering Apartments
Pearl & Pine is the furthest along of the big conversions here, with its first apartments finished in January. Bushburg bought the building from Rudin for $160 million and took a $320 million loan, according to YIMBY, and the conversion uses the 467-m tax incentive, which carries a 25% affordability requirement.
The unit total is the open question. The press figure of 713 has not appeared in a DOB filing; the most recent DOB filing says 570.
Sources: NYC DOB NOW jobs M01110829-I1 and M01376401-I1 (accessed Oct. 2026); New York YIMBY (June 2026); Multi-Housing News
4
77 Water Street (1 Gouverneur Lane)
A Lottery Open Now
This is the one project on the page where readers can act today: the city’s housing lottery for its 162 affordable apartments is open until Nov. 17, according to New York YIMBY. A separate City Planning application covering design changes to the building’s public plaza (ZAP 2025M0344) is also active.
The Downtown Alliance lists 600 units; DOB and YIMBY say 647.
Sources: NYC DOB NOW job M01157498-I1 (accessed Oct. 2026); New York YIMBY (lottery) (Oct. 2026); New York YIMBY (June 2026); NYC Planning ZAP 2025M0344
5
222 Broadway (Wrey)
Halted Mid-Conversion
ENR described 222 Broadway as the second office-to-residential conversion New York City halted this summer as scrutiny of conversion work widened. Partial stop-work orders came first, on July 13, followed by the full order on July 24.
The building has since launched leasing under the Wrey name. DOB’s closing of the related complaints in September is consistent with the order being rescinded, but that is an inference from DOB’s records, not a confirmed announcement.
Sources: ENR (July 2026); The Real Deal (July 2026); NYC DOB complaints, BIN 1001245 (accessed Oct. 2026); New York YIMBY (May 2026)
6
101 Greenwich Street
Metro Loft's Second Big Conversion Here
Newmark arranged $218 million of financing for the project, Multi-Housing News reported in January. Metro Loft is also a partner at 111 Wall Street, making it one of the most active conversion developers in the neighborhood.
No press report has yet confirmed that work has started, so this is listed as permitted.
Sources: NYC DOB NOW job M01337247-I1 (accessed Oct. 2026); Multi-Housing News (Jan. 2026); The Real Deal (Dec. 2025)
7
32, 39, 42 & 45 Broadway (Cammeby's)
One Owner, Four Towers
Cammeby’s filed the four conversions within days of each other in December 2025. Together they are the second-largest housing program on this page after 111 Wall Street. The New York Business Journal put the four-building total at 1,064 apartments, close to DOB’s combined 1,062.
All four now hold permits. CityRealty lists 39 Broadway’s conversion as planned for 2028.
Sources: NYC DOB NOW jobs M01324863-I1, M01324849-I1, M01324859-I1, M01328496-I1 (accessed Oct. 2026); PincusCo; New York Business Journal (Jan. 2026); CityRealty
8
30 Broad Street
The Tallest Conversion on the List
At 49 stories, 30 Broad Street is the tallest building in this group being converted. DOB lists the owner as 111 Wall GC LLC, and PincusCo identified InterVest, one of the 111 Wall Street developers, as the filer.
The three different unit counts in DOB records and the press have not been reconciled.
Sources: NYC DOB NOW job M01300953-I1 (accessed Oct. 2026); PincusCo (Oct. 2025); Downtown Alliance pipeline (Q1 2026)
9
40 Exchange Place
GFP's Other Conversion
GFP, also behind the halted 222 Broadway conversion, secured $191.5 million of construction financing from Derby Lane for this project, according to YIMBY and Multi-Housing News.
Sources: NYC DOB NOW job M01233357-I1 (accessed Oct. 2026); New York YIMBY (Feb. 2026); Multi-Housing News
10
100 William Street
Bushburg's Second Conversion Here
Bushburg, which is already delivering apartments at 80 Pine Street, bought 100 William Street from Manulife for $70 million in December 2025 and took a $78 million loan for the conversion.
Sources: NYC DOB NOW job M01363617-I1 (accessed Oct. 2026); The Real Deal (Dec. 2025); Connect CRE
11
80 Broad Street (Maritime Exchange Building)
A $250 Million Recapitalization
Broad Street Development announced a $250 million recapitalization and $175 million of financing for the conversion. Sources differ on the partners: The Real Deal names Invesco, while the developer’s release cites PCCP and One Investment Management on the financing.
Sources: NYC DOB NOW job M01312475-I1 (accessed Oct. 2026); Broad Street Development release (PR Newswire); The Real Deal (Jan. 2026); Commercial Observer (Jan. 2026)
New Towers, Stalled Sites & the Seaport
Ground-up construction is rarer: a contested Seaport site with a new owner, two new filings in plan review and two famous towers on hold.
12
250 Water Street
One of the Seaport's Most Contested Sites
250 Water Street went through the city’s land-use review in 2021 (ZAP 2021M0224) after a long, contested approval process. The previous owner sold the entitled site to Tavros this year, and Tavros’s plan of about 600 apartments is larger than the up-to-399 units the seller described.
Whether 600 units fits within the 2021 approvals without further land-use action has not been confirmed. The Downtown Alliance lists the project as under construction; DOB records do not yet show a permit for the new building.
Sources: NYC DOB NOW job M00632762-I1 (accessed Oct. 2026); NYC Planning ZAP 2021M0224; New York Post (Feb. 2026); Seaport Entertainment Group
13
50-58 Cliff Street
Rare All-Affordable New Construction
In a neighborhood where most new apartments come from conversions with 25% affordability, this is a ground-up tower in which every unit is below market. Trinity Church owns the land and chose the nonprofit Settlement Housing Fund to develop it.
Sources: NYC DOB NOW job M01377138-I1 (accessed Oct. 2026); New York YIMBY (Feb. 2026); Trinity Church
14
140 Fulton Street
A Vacant Lot, a New Plan
The lot had an earlier, partially approved 2019 plan for a 40-story tower. Rivington bought it from Bank Hapoalim and is now pursuing a slimmer residential building.
Sources: NYC DOB NOW job M01306253-I1 (accessed Oct. 2026); The Real Deal (Oct. 2025); Commercial Observer (Oct. 2025)
15
45 Broad Street
A Supertall That Never Rose
The project won a City Planning special permit in 2019 in exchange for subway-station improvements (ZAP P2016M0234), then went on hold in 2020. An application to renew that special permit was later terminated. Who is buying the site, and what they will build, is the next thing to watch.
Sources: The Real Deal (Oct. 2026); NYC Planning ZAP P2016M0234; New York YIMBY (Nov. 2020); NYC DOB BIS job 121190772 (accessed Oct. 2026)
16
5 World Trade Center
The Last World Trade Center Site, On Hold
5 World Trade Center was planned as the last tower of the rebuilt trade center site, with about a third of its apartments affordable. Because the land belongs to the Port Authority, the project has no DOB or City Planning filings to track, so updates depend on agency statements.
Hush Street separately tracks 100 Gold Street, the city’s plan for about 3,700 homes a few blocks north.
Sources: The Real Deal (Mar. 2026); Silverstein Properties; Explore WTC
17
7 Platt Street
Newly Open
7 Platt Street is the one ground-up tower on this page that is finished. YIMBY reported it nearing completion in September 2025, with completion expected in the first quarter of 2026.
Sources: New York YIMBY (Sept. 2025); Downtown Alliance pipeline (Q1 2026); NYC DOB BIS job 121188053 (accessed Oct. 2026)
What We're Watching Next
Three things will shape the next year here: whether 222 Broadway’s stop-work order is formally confirmed lifted, who buys 45 Broad Street and what they file, and whether Tavros needs a new land-use approval for its larger 250 Water Street plan. Several smaller filings are also moving through DOB and are not yet substantial enough for their own entries, including conversions at 2 Wall Street, 100 Wall Street, 40 Fulton Street and 5 Hanover Square, and new-building applications at 160 Pearl Street and 78 Pearl Street.
Across the river, Hush Street tracks DUMBO and Brooklyn Heights, and north of Chambers Street, Tribeca.
Header photo: Financial District East Skyline, 2025, by Julian Lupyan, via Wikimedia Commons, CC0 (public domain dedication).
By Hush Street Editorial Updated Built from city filings and published reporting. About Hush Street
