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Leasing Commences at 1,320-Unit Office-to-Residential Conversion
GFP Real Estate, Metro Loft and Rockwood Capital have launched leasing for SoMA, a luxury rental tower that’s reportedly the nation ’s largest completed office-to-residential conversion to date. Located at 25 Water St. and standing 32 stories tall, the property is bringing 1,320 apartments to Lower Manhattan, along with approximately 100,000 square feet of lifestyle amenities.
“Converting office spaces into residential buildings has become a crucial strategy for reimagining New York City’s real estate landscape, with neighborhoods like the Financial District transforming into highly sought-after residential areas,” said Brian Steinwurtzel, co-CEO and principal of GFP. “We’ve brought together an exceptional team to turn SoMA into a premier residential destination.
“Additionally, SoMA is pleased to participate in both the Office to Residential Accelerator and the 467-M programs, important initiatives from Mayor Adams’ office that will support in bringing a substantial and diverse supply of new housing to New Yorkers,” he continued.
- ◦Development

