An office-to-residential conversion project in Manhattan’s Financial District has secured a $219 million construction loan, adding to a growing pipeline of similar redevelopment projects across New York.
Lender doubles down on New York office conversions after Pfizer setback
Housing demand, lower office values support redevelopment projects, Northwind says
By Andria Cheng
CoStar NewsSeptember 14, 2026 | 11:10 P.M.
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IN THIS ARTICLE
- Properties
- One Forty One
141 Willoughby St, Brooklyn, NY
- Companies
- BLDG Management Co., Inc.
Real Estate
- David Werner Real Estate Investments
Real Estate
- Capstone Equities
Real Estate
- Contacts
- Ran Eliasaf
Founder/Managing Partner, Northwind Group
- Rob Turner
Managing Director, Eastdil Secured Savills, LLC