The Financial District leads the city in office-to-residential conversions

The Financial District (FiDi) leads the city in converting offices to housing, with ~2,459 units under construction. This includes 25 Water Street, the largest office conversion project in the United States (by unit count), which will create ~1,300 units.

The neighborhood continues to evolve from its start as the world's commercial capital into a welcoming residential neighborhood.

FiDi office-to-residential conversions

• 25 Water Street - 1,300 units

• 160 Water Street - 588 units

• 55 Broad Street - 571 units

Total units: 2,459

Estimated population growth: +4,499 people¹

_{¹Based on 1.83 average person's per household. Avg. taken from 2020 Census data for Manhattan tracts: 7, 1, 5, 9, 13, 15.01, 15.02, 319. View data source.}

Top 5 Neighborhoods²

1. FiDi - 2,459 units

2. Astoria - 631 units

3. Penn - 615 units

4. Times Square - 224 units

5. East Harlem - 179 units

_{²Data first reported by TRD Data.}

Why it matters

• FiDi can be a blueprint for developers interested in leveraging Mayor Adam's Office Conversion Accelerator program.

• FiDi can inspire civic leaders looking to transform their neighborhoods with higher-density housing.

• FiDi is becoming the low-key "it" neighborhood with new housing, plentiful public transit, iconic architecture, and waterfront access.

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