25 Water Street - Soma
CetraRuddy · Financial District · 2025
North facade from Broad Street.
Construction is nearing completion at the office-to-residential conversion of 25 Water Street, a 1968 office and storage tower in the Financial District of Lower Manhattan by developers GFP Real Estate, Metro Loft, and Rockwood Capital. Designed by CetraRuddy Architects, will be the largest office-to-residential conversion by unit count, at over 1,300 residences, in US history. The project is also the first office-to-residential conversion to use New York’s 467-m housing tax incentive, which provides a partial tax exemption for rental developments in converted buildings with the required amount of affordable housing.
Close-up of the north facade of the upper tower and the crown.
The conversion features an update to the existing 22-story brick-clad office building with large expanse of window wall replacing the narrow and irregular windows of the original tower’s lower half. Along with the window replacement, the facade has also undergone a color change with the repainting of the deep red brick to white. The development also includes an additional steel-framed 10-story overbuild, including nine floors of residences and a full floor of amenities.
Close-up of the newly installed window wall and newly painted existing brick wall.
Looking up at the north facade.
Close-up of the 10-story overbuild at the tower crown.
West facade from Water Street.
Looking up at the west facade.
Close-up of the west facade of the existing tower.
Residential Amenities
Residential lobby.
Spread out over 100,000 square feet, amenities will include spaces for entertainment and coworking, a basketball court, two indoor pickleball courts, fitness center, pilates and yoga studios, steam room and sauna, a 75 foot indoor swimming pool, an outdoor swimming pool on the 25th floor roof deck, a sports simulator, and an outdoor rooftop lounge with landscaped terrace.
Close-up of the concierge desk and feature wall.
Residential lobby lounge.
Residential lobby lounge.
Indoor swimming pool.
Fitness Center in the SoMA Athletic Club.
Pickleball courts.
Outdoor pool under construction.
Looking up at the new penthouse addition at the roof of the existing tower.
Model Residences
The development includes 1,320 residences ranging in size from studios to three-bedrooms, with about 50 residences per floor and penthouse units in the new floors that crown the tower. Most of the residences include a home office and views to the water and the city skyline.
Architect: CetraRuddy; General Contractor: Pavarini McGovern; Developers: GFP Real Estate, Metro Loft, and Rockwood Capital; Program: Office-to-Residential Rental Conversion; Location: Financial District, New York, NY; Completion: 2025.
Construction Update: Pearl House at 160 Water Street
Construction is nearing completion at Vanbarton Group’s Pearl House, an office-to-rental conversion in the Seaport district in Lower Manhattan. Led by Gensler, this is the city’s largest office-to-residential conversion to date. Interventions to the existing office tower include altering building cores, retrofitting operable windows, and new floors on top of the existing structures.
When completed, the development will offer over 30,000 square feet of indoor and outdoor private club-inspired amenities over three floors. The lobby will feature a sculptural brass staircase along with lounges and a reception desk. The concourse level below will offer a Technogym, bowling alley, sports simulator, game room, craft-making workspace, children’s playroom, children’s playroom, pet grooming salon, spa, and interconnected social lounges. Floor 28 will feature a terrace, lounges, co-working space, a player’s lounge with a sports book room, a full size bar, and chef’s kitchen.
Lobby lounge.
Lower Manhattan view from the 28th floor amenity terrace.
Midtown Manhattan view from the 28th floor amenity terrace.
Residences will range in size from studios, to 1- and 2-bedroom apartments. The Gensler-designed residences feature custom kitchens with stone countertops, integrated appliances, and bathrooms with Italian porcelain tile.
Architect: Gensler; Developer: Vanbarton Group; Program: Residential; Location: Seaport District, New York, NY; Completion: 2024.