Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced the origination of a $219 million first mortgage construction loan for 100 Wall St., a 29-story, 463,000-square-foot office building in Manhattan’s Financial District. Loan proceeds retired the existing debt on the property and will fund the conversion of floors 2 through 11 into 168 residential rental apartments, while floors 15 through 29 are nearly fully leased and will remain as office space.
A joint venture between Lloyd Goldman’s BLDG and David Werner Real Estate Investments is leading the conversion. The joint venture acquired the building in July 2024 and quickly advanced the property through planning and predevelopment, including successful relocations of office tenants from the base of the building to its top floors.
100 Wall St. is an ideal conversion candidate, with efficient floor plates that provide optimal spacing between the windows and the buildingâ€
