Manhattan’s fintech landscape is expanding as Bilt, a growing platform focused on housing and neighborhood commerce, establishes its new headquarters in the Meatpacking District. Governor Kathy Hochul announced that Bilt will lease 58,000 square feet at 837 Washington Street under a 15-year agreement, with plans to create over 600 jobs in the area. According to the Governor’s office, the move is supported by up to $6.25 million in performance-based tax credits through the Excelsior Jobs Program, highlighting the state’s commitment to supporting local tech innovation.
After securing more than $850 million in venture capital and reaching a valuation exceeding $10.75 billion, Bilt has demonstrated significant growth within the intersection of finance and technology in New York’s thriving ecosystem. As outlined in Governor Hochul’s announcement, Bilt operates on a national scale, serving more than five million members and processing over $100 billion annually in housing-related transactions. A major portion of the state-backed investment is directed toward strengthening the company’s research and development efforts, supported by a commitment of more than $50 million. This investment will be carried forward by over 200 employees focused on expanding Bilt’s fintech products and enhancing consumer engagement.
Bilt, led by CEO Ankur Jain, is built on the innovative spirit of New York City. "New York City is where Bilt was born, and it's where we'll continue to grow," Jain told the Governor’s office. The Meatpacking District, known for its mix of culture and commerce, reflects the connected approach Bilt aims to promote and supports Jain's view that the neighborhood fits well with the company’s mission.
Empire State Development’s Hope Knight acknowledged the strategic nature of the move, pointing to the strength of New York’s talent pool and favorable business environment. Bilt’s choice to expand in Manhattan highlights the city’s appeal to leading fintech companies and reinforces the state’s standing on the national stage. The Meatpacking District also drew praise from Jeffrey LeFrancois, Executive Director of the Meatpacking District Management Association, who welcomed Bilt’s arrival as both a source of quality jobs and a boost for a landmark building in the neighborhood. "We are thrilled to welcome Bilt to the Meatpacking District, a tremendous investment," LeFrancois stated in a press release.
New York City Councilmember Erik Bottcher shared in the enthusiasm expressed by state and local leaders, voicing his support to the Governor’s office for a project that will bring new jobs to the Meatpacking District, revitalize a historic part of the city, and strengthen New York’s status as a global fintech hub.
