25-Story Residential Tower Planned for 160 Pearl Street
The proposed Manhattan development will bring 99 new residential units to the Financial District.
Updated on Oct. 23, 2026 in Commercial
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Revamp NYC has filed an application with the New York City Department of Buildings to replace a six-story commercial building with a 25-story residential tower at 160 Pearl Street. The proposed development in the Financial District is set to include 99 residential units.
Why it matters
This development represents a significant increase in residential density for the Financial District by transforming an underutilized mid-rise commercial site. The proposal reflects ongoing efforts to convert aging commercial real estate into high-density housing within Manhattan.
The proposed 25-story project at 160 Pearl Street will provide 99 residential units and 2,394 square feet of ground-floor retail space. This construction replaces the existing six-story commercial building on the site.
The players
Revamp NYC
A property developer responsible for submitting the plans for the residential tower at 160 Pearl Street.
New York City Department of Buildings
The municipal agency tasked with reviewing and approving building permits and ensuring construction codes are met.
KMA Designs
The architectural firm managing the design and application process for the project.
The details
The developer, Revamp NYC, submitted plans to the Department of Buildings detailing the transition from a six-story structure to a high-rise residential building. Architectural designs by KMA Designs indicate the project will prioritize residential living space while maintaining a street-level commercial presence. Amenities slated for the property include both indoor and outdoor recreation areas as well as a dedicated yoga room for residents.
Timeline
October 23, 2026: Application for development filed with the Department of Buildings.
The Home Front
This project marks a shift in the Financial District's landscape as older commercial properties are increasingly repurposed for high-density residential use. Such developments reflect a broader trend in Manhattan of prioritizing vertical housing growth to address changing neighborhood utility.
Residents in the Financial District should monitor the Department of Buildings permit portal for upcoming public notices regarding construction timelines. Owners of nearby properties may want to review potential impacts on neighborhood density and local services as project plans move forward.
The takeaway
The transformation of 160 Pearl Street signals a continued move toward high-density living in Manhattan's historic commercial hub. Residents should track the development progress through official city permit filings to stay informed about local construction impacts.
Further reading
For more on the changing landscape of Manhattan, visit New York City Commercial.
Live Poll
Should developers be encouraged to convert commercial office space into residential housing in your area?
