{"id":142868,"date":"2026-02-23T17:02:18","date_gmt":"2026-02-23T17:02:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/142868\/"},"modified":"2026-02-23T17:02:18","modified_gmt":"2026-02-23T17:02:18","slug":"developer-files-plans-to-convert-manhattans-16-beaver-street-to-apartments-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/142868\/","title":{"rendered":"Developer Files Plans to Convert Manhattan\u2019s 16 Beaver Street to Apartments \u2013 Commercial Observer"},"content":{"rendered":"

Manhattan\u2019s Financial District is becoming better known as a neighborhood of office-to-residential conversions<\/a> than as the business hub that\u2019s home to Wall Street.\u00a0<\/p>\n

Brooklyn-based development firm Twin Group Associates<\/a>, owned by Solomon Schwimmer, filed plans with the New York City Department of Buildings to convert a six-story office and retail building at 16 Beaver Street in the Financial District into an 11-story, 50-unit apartment complex.\u00a0<\/p>\n

SEE ALSO: 350 Park Avenue: Midtown Manhattan\u2019s Next Big Thing<\/a><\/p>\n

Plans for the building, which has a Burger King at its base and is about three blocks from the Bowling Green subway station, were filed last week, according to PincusCo<\/a>, which first reported the application. Twin Group did not immediately respond to a request for comment.\u00a0<\/p>\n

Twin Group\u2019s plans suggest its office-to-resi redevelopment will be a more modest residential building than some of the others adorning the Financial District, including SoMa at 25 Water Street<\/a> and 55 Broad Street<\/a>. Both of those residential buildings offer luxury amenities such as rooftop lounges, swimming pools, coworking spaces and wellness studios.\u00a0<\/p>\n

The residential building coming to 16 Beaver Street \u2014 assuming the plans are approved \u2014 will feature no such amenities, but will have a residents\u2019 lobby and 25 spaces for bicycle parking.\u00a0\u00a0<\/p>\n

Over the last couple of decades, the Financial District has evolved from a 9-to-5 business neighborhood to more of a 24-hour live, work and play area. Several more office-to-residential conversions are planned for the area, including Vanbarton Group<\/a>\u2019s projects at 77 Water Street and 40 Exchange Place.\u00a0<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Manhattan\u2019s Financial District is becoming better known as a neighborhood of office-to-residential conversions than as the business hub…\n","protected":false},"author":2,"featured_media":142869,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[60022,13797,2184,75,84,83,9,24,13792,63,60023],"class_list":["post-142868","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-16-beaver-street","tag-conversion","tag-development","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-new-york-city-department-of-buildings","tag-nyc","tag-solomon-schwimmer-channel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/142868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=142868"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/142868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/142869"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=142868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=142868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=142868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}