Permits filed for 25-story residential tower at 160 Pearl Street
Built World New York, NY localThe Financial District project would add 99 units, replacing a six-story commercial building.
Overview
Revamp NYC has filed plans for a 25-story mixed-use tower at 160 Pearl Street in Manhattan's Financial District. The building would have 99 residential units and about 5,936 square feet of commercial space, replacing a six-story commercial building.
The filing is part of a broader shift in Lower Manhattan, where office buildings are being converted or replaced with housing. The project's unit count, just under 100, may affect which construction wage and tax incentive rules apply.
Why it matters
The project adds 99 homes to a neighborhood adding housing, but its size may let it avoid certain labor and affordability rules.
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Key Indicators
Related Media
Permits Filed for 25-Story Tower at 160 Pearl Street in Manhattan's Financial District - New York YIMBY
160 Pearl Street, Financial District, Manhattan, NY
Probe to investigate Midtown building conversion
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Voices
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People Involved
Organizations Involved
New York residential developer and construction firm.
Architecture firm listed on the 160 Pearl Street permit.
Agency that issues building permits in New York City.
Timeline
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Permits filed for 25-story tower at 160 Pearl Street
Today DevelopmentRevamp NYC files plans for a 25-story, 99-unit mixed-use building at 160 Pearl Street, according to New York YIMBY. The application was submitted on October 19.
Scenarios
Construction begins by end of 2027
Discussed by: Industry observers
Revamp NYC secures demolition and new building permits, arranges financing, and starts construction at 160 Pearl Street. The project proceeds as planned with 99 units.
Project is redesigned with different unit count or height
Discussed by: Industry observers
Revamp NYC files revised plans for 160 Pearl Street that change the number of stories or units, possibly to adjust to market conditions or regulatory requirements.
Site is sold to another developer before construction
Discussed by: Industry observers
Revamp NYC sells the property at 160 Pearl Street to a different developer, who may proceed with the project or pursue a different plan.