25 Water Street Office-to-Residential Conversion
Completed · New York · Last reported Dec 2025
Source: Commercial Observer
A joint venture between GFP Real Estate and Metro Loft converted the 1.1 million-square-foot office complex at 25 Water Street in Manhattan's Financial District into a 1,320-unit residential apartment building named SoMA. The project includes 100,000 square feet of community amenities such as rooftop and indoor pools, a spa, a bowling alley, a game room with sports simulators, and coworking spaces
- Status
- Closed
- Sector
- Water Supply and Storage, Road, Mass Transit, Residential, Commercial
- Location
- New York City, New York, United States of America
- Updated
- 22 Jul 2026
- Source
- Commercial Observer
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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 joint venture between GFP Real Estate and Metro Loft converted the 1.1 million-square-foot office complex at 25 Water Street in Manhattan's Financial District into a 1,320-unit residential apartment building named SoMA. The project includes 100,000 square feet of community amenities such as rooftop and indoor pools, a spa, a bowling alley, a game room with sports simulators, and coworking spaces. The property has applied for a tax abatement under the 467m program due to a portion of units designated as affordable housing. |
Original sector | Residential |
Budget |
Location
Country | United States of America (USA) |
State | New York |
City | New York City |
Source
Source | Commercial Observer |
URL |
More Details
Record type | Project |
Sector | Water Supply and Storage, Road, Mass Transit, Residential, Commercial |
Article published date | 2025-12-04 |
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