1 Park Row Condominium to Luxury Rental Repositioning
Completed · New York · Last reported Jan 2026
Source: Hoodline
A 23-story tower at 1 Park Row in Manhattan's Financial District, originally built and marketed as a condominium project with 62 units, has been acquired by a Grand Rapids-based investor and is being repositioned as a luxury rental building. The building features amenities such as a fitness center, garden terrace, and lounge space. The project was financed with a $90 million construction loan in 2
- Status
- Closed
- Sector
- Commercial, Residential
- Location
- New York City, New York, United States of America
- Updated
- 22 Jul 2026
- Source
- Hoodline
ConstructChat
Ask ConstructChat about 1 Park Row Condominium to Luxury Rental Repositioning
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
Project Information
Participants
| Not available for this record. |
Status
Original status | completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | A 23-story tower at 1 Park Row in Manhattan's Financial District, originally built and marketed as a condominium project with 62 units, has been acquired by a Grand Rapids-based investor and is being repositioned as a luxury rental building. The building features amenities such as a fitness center, garden terrace, and lounge space. The project was financed with a $90 million construction loan in 2021 and underwent a $50 million mid-construction recapitalization in 2024. Construction was completed by the end of 2024 after resolving subcontractor-related delays. |
Original sector | Real Estate & Development |
Budget |
Location
Country | United States of America (USA) |
State | New York |
City | New York City |
Source
Source | Hoodline |
URL |
More Details
Record type | Project |
Sector | Commercial, Residential |
Article published date | 2026-03-27 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project
More Commercial projects in United States
- Engineering, Procurement, and Construction of Third Bosphorus Bridge
- Tampa Bay Seawater Desalination Plant
- Portugues Dam, Ponce
- Sinking Creek Wastewater Treatment Plant Expansion, Tennessee
- Carlsbad Desalination Project, San Diego, California
- Joint Base Lewis-McChord
- Fort Riley Army Base, Kansas
- Fort Benning, Georgia