New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


New York & Tri-State  + Downtown New York  + Apartments  | 

Moinian to Build 250-Unit Resi Tower in FiDi 

The Moinian Group has begun vertical construction at 7 Platt Street, a 35-story, 250-unit luxury residential development in the Financial District. The project marks one of the last developments in Manhattan under the 421-a program.  

The 170,000-square-foot glass tower will offer a mix of studio, one- and two-bedroom units, as well as penthouse residences with accompanying lounge areas. Indoor resident amenities include a fitness center, library, work and study pods, lounge spaces, and more. Outdoor spaces feature a rooftop sundeck, garden lounge, movie lounge area, barbeques, and outdoor fitness equipment.  

“Situated in New York City’s most historic and financially revered region, we’re thrilled to be celebrating this vertical construction milestone at 7 Platt, one of the last of its kind developments in Manhattan to be carried out under the 421-a program,” said Matthew Moinian, principal of The Moinian Group. Completion is expected in Q4 2025. 


Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Development
New call-to-action
New call-to-action