Moinian Launches Residential Conversion in Lower Manhattan
The Moinian Group has launched an adaptive reuse project at 17 Battery Place in Lower Manhattan. The project will convert approximately 150,000 square feet across five floors of the historic office property into a modern residential building featuring 220 residential units. Construction is underway, with completion anticipated in the first quarter of 2027.
“The transformation of 17 Battery Place represents a significant step in reimagining Lower Manhattan’s built environment, as we convert a historic office property into much-needed housing,” said Larry Bremer, SVP of development at The Moinian Group. “By thoughtfully repositioning this building, we are preserving its legacy while delivering modern residences, including meaningful affordable housing, in one of New York City’s most dynamic neighborhoods.”
The conversion will include 55 permanently affordable units representing 25% of the total, delivered under the statewide 467-m tax incentive program that was enacted in 2024. A Life Time Fitness facility will anchor the lobby, while the retail space is fully leased.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout