Northwind Group has originated 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.
The conversion is being led by a joint venture between Lloyd Goldman’s BLDG and David Werner Real Estate Investments, two highly experienced New York City real estate sponsors. The joint venture acquired the building in July 2024 and quickly advanced the property through planning and predevelopment, which included successful relocations of office tenants from the base of the building into its top floors.
100 Wall St. is an ideal conversion candidate, with efficient floor plates providing optimal spacing between the windows and the building’s core and the free
