In the News
BLOOMBERG 29 March 2023 How Wall Street Became a Fancy Residential Neighborhood
The rise of remote work during the pandemic has cut demand for office space and left some American downtowns feeling like ghost towns. As a result, there’s been much talk of converting downtown offices into apartments. This could not only bail out owners of suddenly less-valuable commercial real estate, advocates say, but bring life to emptied-out neighborhoods, passengers to underused transit systems and affordable housing to cities that desperately need it.
OFF THE MRKT 28 March 2023 The NYC Homes Have the Best Spaces for Working Remotely
With so many businesses now adopting permanent hybrid work models, it looks like the “work from home” trend isn’t quieting down any time soon. For when we need a change of scenery, there are countless options for coworking spaces but sometimes it’s just easier to avoid the commute altogether.
DEZEEN 19 March 2023 One Wall Street Skyscraper Completes Conversion from Offices to Apartments
Work to convert an art deco skyscraper from offices to residential use has completed, becoming the largest building in New York City to undergo this type of adaptive reuse. A total of 566 homes now occupy One Wall Street, designed by Ralph Walker and completed in 1931, in Lower Manhattan's Financial District.
COMMERCIAL OBSERVER 16 March 2023 One Wall Street Serves as Test Case for Other Office Conversions Post-COVID
They say those who can’t remember the past are doomed to repeat it. But for Harry Macklowe, One Wall Street’s past allowed him to reinvent it. Macklowe bought the Art Deco former office tower for $585 million from Bank of New York Mellon Corporation in 2014. Seven years, a pandemic and millions of dollars later, the octogenarian has mostly wrapped construction on the 1.17 million-square-foot property’s 566 condominiums, just in time for one of the biggest pushes for office-to-residential conversions in the past 20 years.
BUSINESS INSIDER 12 March 2023 These Million-Dollar Luxury Condos Used to be the Storied Offices of a Big Wall Street Bank. See Inside the Transformation
An Art Deco office tower that's been an icon on the Lower Manhattan skyline since 1931 is getting a new life — as $1 million-plus condos. Built as the headquarters of the Irving Trust Company in 1931, One Wall Street is now home to the largest office-to-residential conversion project in New York City history.

All computer and/or artist renderings reflect the planned scale and spirit of the Building. All dimensions and square footages are approximate and subject to normal construction variances and tolerances. All depictions of personal or condominium property (including without limitation any furniture, decorations, furnishings, fixtures, appliances, and landscaping) and the maturity of the growth in any landscaping are for illustrative purposes only.

Where materials, equipment, finishes, fixtures, appliances, landscaping, and/or other construction or design details are displayed in the sales office or specified on marketing materials, Sponsor reserves the right to substitute in each instance one of comparable or better quality as recognized by industry standards for performance, efficiency, longevity, and/or classifications, as applicable, in accordance with the terms of the Offering Plan.

Sponsor makes no representation that any future construction in the neighborhood surrounding the Condominium will not result in the obstruction of the views from any windows, gardens, and/or terraces. Sponsor makes no representation as to the continued existence of any of the named establishments located in the neighborhood or transportation lines.

Measurements and square footages are approximate and exceed the usable floor area. Sponsor reserves the right to make changes in accordance with the terms of the Offering Plan. Sponsor makes no representations or warranties except as may be set forth in the Offering Plan.

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD17-0216 SPONSOR: MIP ONE WALL STREET ACQUISITION LLC, 767 FIFTH AVENUE, 21ST FLOOR, NEW YORK, NY 10153.

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