{"id":276417,"date":"2026-06-24T10:20:42","date_gmt":"2026-06-24T10:20:42","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/276417\/"},"modified":"2026-06-24T10:20:42","modified_gmt":"2026-06-24T10:20:42","slug":"the-plan-lower-manhattans-wrey-rental-tower-is-designed-like-a-private-club-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/276417\/","title":{"rendered":"The Plan: Lower Manhattan\u2019s Wrey Rental Tower Is Designed Like a Private Club \u2013 Commercial Observer"},"content":{"rendered":"

As \u201cSeinfeld\u201d taught us<\/a>, you can\u2019t acquire grace. At the Wrey, though, a new luxury rental tower in Lower Manhattan, there is grace in every nook and cranny.\u00a0<\/p>\n

Situated a stone\u2019s throw from City Hall Park, the Wrey is a 31-story former office building overlooking Broadway, Saint Paul\u2019s Chapel and the World Trade Center.\u00a0<\/p>\n

SEE ALSO: New York Developer Seeks to Build 296 Units in Flushing, Queens<\/a><\/p>\n

Developer GFP is still determining if it will opt into the state\u2019s 467-m program, which offers tax breaks for the conversion of nonresidential buildings into housing, provided that a percent of the available units are designated as affordable. GFP\u2019s other Lower Manhattan conversion, SOMA, was the first<\/a> to use the 2-year-old 467-m.\u00a0<\/p>\n

\"Who's<\/p>\n

The Wrey\u2019s name comes from a memorial fountain<\/a> found in City Hall Park that was made to commemorate the life and work of famed architect Jacob Wrey Mould.\u00a0\u00a0<\/p>\n

\u201cCity Hall Park has changed so much over the last few years, between all the new development that\u2019s come on the market, and we really like the story surrounding the fountain,\u201d said Sarah Patton, co-head of Compass New Development, which handles marketing and leasing for the 788-unit building. \u201cThe fountain was originally built here, then it was relocated to the Bronx, then it was put into storage, and then brought back to City Hall Park as part of an overall renovation. We liked that tie-in to the building, the changing it from office to resi, and a rebirth. It felt like it was the appropriate name.\u201d<\/p>\n

Walking through the Wrey \u2014 which is still finishing construction, although move-ins started in June \u2014 one could be forgiven for mistaking the place for a five-star luxury resort rather than a New York City apartment building. Everything is sleek and the hallway tones are warm and inviting, giving the place those just left the pool and returning to the room for a nap kind of vacation vibes. Except you\u2019re not on vacation, you\u2019re home.\u00a0<\/p>\n

And the pool \u2014 don\u2019t worry, tenants will have two to choose from: a 75-foot lap pool anchoring an immersive bathhouse that also features a hot spa and a cold plunge, as well as the rooftop pool gracing the crown of the building, providing an outdoor retreat with a stunning view of One World Trade Center.\u00a0<\/p>\n

\u201cThere\u2019s a significant demand from professionals that want to live in this area, and especially Tribeca, that aren\u2019t able to, because of the lack of supply,\u201d said Brian Steinwurtzel, CEO of GFP Development<\/a>. \u201cDelivering a high-quality building that meets those needs with all of the amenities that one desires today was the primary goal for the project.\u201d<\/p>\n

The amenities are being developed to make residents feel as though they are members of an exclusive club. Other amenity offerings include coworking and lounge space, a private dining room, a spa with bookable treatments via an app, a workout space, and an entertainment space for watching movies, shooting pool and singing karaoke.\u00a0<\/p>\n

The amenities and most of the units, which range from studios to three-bedrooms, are still under construction. Rents for the available units listed on the Wrey website<\/a> range from $4,168 a month for a studio to $6,180 for a one-bedroom.\u00a0<\/p>\n

Steinwurtzel expects the building at 222 Broadway to be fully delivered in the first quarter of next year.<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"As \u201cSeinfeld\u201d taught us, you can\u2019t acquire grace. At the Wrey, though, a new luxury rental tower in…\n","protected":false},"author":2,"featured_media":276418,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[48050,33629,2184,75,84,83,9,24,63,106265,34706],"class_list":["post-276417","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-222-broadway","tag-brian-steinwurtzel","tag-development","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc","tag-sarah-patton","tag-slideshow-channel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/276417","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=276417"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/276417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/276418"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=276417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=276417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=276417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}