Pearl House (160 Water Street)
New York, New York

Converting an Aging Office Building Into a Residential Showpiece

Pearl House is a key example of how to transform an underutilized office building into a thriving residential community that positively impacts its surrounding neighborhood.
HIGHLIGHTS
  • NYC’s Largest Office-to-Residential Conversion
  • Converted 525,000-Square-Feet of Office Space
  • 20,000 Metric Tons of CO2 Saved
  • Exceeds Local 2030 Energy Performance Requirements
  • 30 Stories, 588 Apartment Units
  • 30,000-Square-Feet of Amenities
Challenge

Like other North American cities grappling with the rise of remote and hybrid work, New York City has a glut of unused and aging office buildings. It also suffers from a lack of attainable housing. Office-to-residential conversions can be a viable solution to both problems: It’s a way to add new value to office space that would otherwise go into default, and it adds badly needed residential real estate in neighborhoods where land is scarce.

Solution

Recognizing New York’s housing shortage and its empty office inventory, Vanbarton Group engaged Gensler to convert an aging downtown office building into a premier residential building. The 588-unit building includes a mix of studios and one- and two-bedroom market-rate apartments with robust amenities such as a gym, coworking space, lounges, and a bowling alley. We also added five new floors atop the existing 24-story tower, while retrofitting the building’s existing curtain wall and installing additional insulation and double-pane, operable windows for better performance.

Impact

The Pearl House conversion has created 588 apartments and nearly 40,000 square feet of amenity spaces in the heart of the city — activating the ground floor to add more amenities for the new residents and vibrancy to the neighborhood. By reusing the existing structure, we saved an estimated 20,000 metric tons of embodied carbon in comparison to constructing a new ground-up building using conventional concrete construction. The building envelope now exceeds local 2030 energy performance requirements.

A large living room with a large kitchen and dining area.
When we purchased the property, so much of the consumer and residential market was changing, and we needed an architectural firm that could really envision not only what people wanted immediately, but also years down the road, which requires creativity and an understanding of best practices.
—Richard A.C. Coles of Vanbarton Group
A large room with a large chandelier and a couch.
A room with a table and chairs.
A swimming pool in a room.
A room with a tv and a large screen.
A living room with a large television.
A room with a large screen and chairs and a table with a tv.
A living room with a large fireplace.
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