NYC's Financial District Gets a Major Makeover: 25 Water Street Transformed into a Residential Giant

25 Water Street: NYC's Largest Office-to-Residential Conversion Takes Shape

The Financial District is getting a major residential boost as construction progresses on the 32-story office-to-residential conversion and expansion of 25 Water Street. This massive project, designed by CetraRuddy and developed by GFP Real Estate, Metro Loft Management, and Rockwood Capital, is transforming a former office building into a vibrant new living space.

The project involves a complete overhaul, including:

• Replacing the building's brick façade with a modern fenestration featuring expansive windows.
• A gut renovation of its 1.1 million square feet of interiors.
• Construction of ten new stories above its former parapet.

Once complete, 25 Water Street will boast a staggering 1,300 apartments, making it the largest office-to-residential conversion in US history by unit count, surpassing the 566-unit redevelopment of One Wall Street.

A Glimpse into the New 25 Water Street

Recent photos show the building's transformation taking shape, with almost all of the new floor-to-ceiling glass in place on the bottom half of the building and on the new construction at the top. The final story is nearing completion.

Crews have also begun applying a new white paint scheme to the red brick below, creating a temporary striped appearance on the building's northern face.

Luxurious Amenities for Residents

Apartments at 25 Water Street will come in studio to four-bedroom layouts, featuring ceiling spans up to 12 feet. Each floor will house around 50 units, offering a variety of living options.

Residents will enjoy a range of upscale amenities, including:

• A basketball court
• A steam room and sauna
• Indoor and outdoor swimming pools
• Sports simulators
• An outdoor rooftop lounge connecting to a landscaped terrace
• Coworking spaces
• Entertainment spaces

Completion Date on the Horizon

The anticipated completion date for 25 Water Street is November 2025, as noted on site. This exciting development is poised to revitalize the Financial District and offer a new, modern living experience in the heart of Manhattan.