Office parks · New York
111 Wall St.
Proposed 1,600-unit housing project on former office site; status 'proposed' with draft verification; no timeline or zoning details. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile10 elements · what this retrofit is built with · tap a chip for the evidence
Retrofit in the pipeline
This site: …proposed record · all sites with this3+ other atlas sites within 10 km
This site: 28 within 10 km computed · all sites with this30,000+ vehicles a day on an adjacent road
This site: 51,960 on FDR DRIVE fhwa-hpms · all sites with thisCounty lost 10%+ of retail establishments since 2012
This site: -21% census-cbp · all sites with thisCounty permitting 2,000+ apartment units a year
This site: 4,463 units, New York County census-bps · all sites with thisCounty typical rent $2,000+
This site: $4,779/mo zillow · all sites with thisInterstate or freeway within 600 m
This site: FDR DRIVE fhwa-hpms · all sites with thisShrinking county
This site: -0.3% census-acs · all sites with thisRedeveloped
This site: 1,600 rental apartments record · all sites with thisHousing
This site: 1,600 rental apartments newtypes-extraction · all sites with thisNow
| Status | Retrofit proposedWikipedia no source |
|---|---|
| Strategy | Redevelopment, proposedWikipedia no source |
| New uses | housingWikipedia no source |
| What is there now | 1,600 rental apartmentsnewtypes-extraction reported |
| Redeveloper | Nightingale Properties and InterVest Capital Partnersnewtypes-extraction reported |
Site context
| Housing permits, New York County (NY), 2024 | 4,463 units in 5+ unit buildings, 4 in 2–4, 0 single-family; 2023: 3,018 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 28 within 10 km, 36 within 25 km: 25 Water St. (0.3 km); 99 John Street (0.4 km); 21 West Street (0.7 km); Hudson Terminal shopping concourse (0.8 km); The Mall at the World Trade Center (0.8 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 123,585 jobs in 9,169 establishments; average annual pay $79,593; employment location quotient 0.50; employment +1.2% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 51,313 jobs; 4,006 in retail trade, 1,858 in accommodation and food (workplace blocks summed to tract 36061000700)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 31th income percentile as adults; 0.8% incarcerated at the 2010 count (4 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | not a low-access tract at 1 mile; poverty rate 9.5%; median family income $217,500; 0 SNAP householdsUSDA ERS |
| Schools | New York City Department Of Education (PK-12); 28 public schools within 1 mile: JOHN V LINDSAY WILDCAT ACADEMY CHARTER SCHOOL; LEADERSHIP & PUBLIC SERVICE HIGH SCHOOL; HIGH SCHOOL OF ECONOMICS & FINANCE; MURRY BERGTRAUM HIGH SCHOOL FOR BUSINESS CAREERSNCES EDGE |
| Elevation | 8 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 45 county-logged events: 20 flash flood, 19 thunderstorm wind, 4 hail, 2 lightning; $114,073,500 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 10005, 2026-09 | median list price $1,125,000 (-13.4% on the year); 89 active listings; median 111 days on market; 8% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 9,268 establishments (-21%); 115,257 jobs (-21%)Census CBP |
| Housing market in the county | typical home value $1.2M (+3% 1 yr, -10% 5 yr); typical rent $4,779/mo (+6% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 51,960 vehicles a day on FDR DRIVE (freeway or expressway, 4 lanes); 2,074 trucks; 40 counted segmentsFHWA HPMS |
Summary, model-written
Proposed redevelopment of 111 Wall St. (current office building) to 1,600 rental apartments. Developer: Nightingale Properties and InterVest Capital Partners. Status: Proposed. Verified status: draft.
Why. High opportunity score (10.0) based on: housing plans confirmed in record, median rent $2,132, and 'already in play' status (under construction/approved/sold with housing plans).
Where it stands. No construction timeline provided. Context shows 28 nearby projects within 10km (including 3 under construction), but none are malls. Housing market data shows ZHVI $1.25M (2026-09), ZORI $4,779/month (2026-09).
For a planner
- Status is proposed (not built), verified as draft.
- No zoning or timeline details in record.
- Housing market data suggests strong demand (median rent $2,132).
For a developer
- Developer confirmed with housing focus.
- 1,600 units scale noted.
- No construction start date or cost data provided.
What we do not know yet
- Verified status is 'draft' (data not confirmed).
- No timeline for construction or completion.
- Original parcel details not provided.
Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
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Elsewhere on the web
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Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- median rent $2,132
- housing in the record
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Anchors | Citigroup |
|---|---|
| County | New York County |
| Census division | 2 · Mid-Atlantic |
| Notes | Draft from nypost.com, model-extracted, unreviewed: 111 Wall St., a 1960s office tower, is proposed to be converted into 1,600 rental apartments. |
Not yet recorded: acres, GLA, year opened, original developer, retrofit year. Know it? Tell us.
Sources
- Office-to-apartment conversions are booming in NYC and this is why
1 quoted sentence
111 Wall St.
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