$500 Million
Value:
Silverstein Properties, Marty Burger, CEO and MetroLoft (Nathan Berman)
Developer:
Silverstein Properties, MetroLoft, and Ares Asset Management
Equity:
Banco Inbursa
Debt:
Large-scale Financial District conversion of a 421,000 square foot office building at 55 Broad Street to 517 residential rental apartments. The office building was initially built in 1967 and became the headquarters for Goldman Sachs. The building was acquired in July 2023 and was opened to its first residents in November 2024. This conversion development project was one of the first in the city to use the 467-m real estate tax abatement program.
about:
55 BROAD ST
New York City

$500 Million
Value:
Silverstein Properties, Marty Burger, CEO and MetroLoft (Nathan Berman)
Developer:
Silverstein Properties, MetroLoft, and Ares Asset Management
Equity:
Banco Inbursa
Debt:
Large-scale Financial District conversion of a 421,000 square foot office building at 55 Broad Street to 517 residential rental apartments. The office building was initially built in 1967 and became the headquarters for Goldman Sachs. The building was acquired in July 2023 and was opened to its first residents in November 2024. This conversion development project was one of the first in the city to use the 467-m real estate tax abatement program.
about:

