A developer has filed permits for a 25-story mixed-use tower at 160 Pearl Street in Manhattan's Financial District, proposing 99 apartments on a site tucked between Wall Street and Pine Street, just a block from the Wall Street subway station served by the 2 and 3 trains.
According to New York YIMBY, the permits describe a 279-foot-tall building totaling 57,911 square feet, with 51,974 square feet set aside for residential use and 5,936 square feet for commercial space. The filing lists Israel Tishler of Revamp NYC as the owner behind the applications, with Navkiran Cheema of KMA Designs LLC named as architect of record. Based on the average unit scope of roughly 524 square feet, the outlet reports the residences are most likely to be rentals.
The plans call for a concrete-based structure with a cellar, though no demolition permits have been filed and no estimated completion date has been announced, per the same report. Those open questions echo an earlier account of the project from Commercial Observer, which first reported that Revamp NYC had filed a Department of Buildings application for the site.
What We Know — and Don't — About the Design
Commercial Observer's earlier report described a building that would stand 25 stories and include 99 apartments if approved, matching the unit count in the newly filed permits. That account also detailed amenities including indoor and outdoor recreation space, a yoga room, and 2,394 square feet of ground-floor retail.
The outlet's reporting noted that Revamp's Israel Tishler submitted the plans and is listed as the property owner on the DOB application, with Navkiran Cheema of KMA Designs named as the architect and applicant. But the article also flagged two unresolved questions: it is unclear whether Revamp intends to make 160 Pearl Street an affordable housing property, and it is unclear whether the developer plans to demolish the existing six-story commercial building currently on the site.
A Neighborhood Reshaped by Residential Growth
The Financial District has transformed into a hub of residential communities over the last several years, the Commercial Observer report noted. That shift shows up elsewhere in the neighborhood's pipeline: a three-tower mixed-income development at 100 Gold Street began public review in September, with plans for roughly 4,000 homes including about 1,000 permanently affordable, rent-stabilized units, according to New York YIMBY's earlier coverage of that project.
Other Financial District projects reflect the area's mix of new construction and office conversions. Vanbarton Group is converting the 26-story office building at 77 Water Street into 648 luxury rental apartments and 30,000 square feet of amenities, and a housing lottery recently opened for 162 affordable apartments there, with rents reported between $1,056 and $2,823 per month, per 6sqft. Separately, another Financial District office tower has plans filed to create 169 apartments while keeping some commercial space intact, according to the New York Business Journal. The Downtown Alliance's Q2 2026 inventory of Lower Manhattan residential buildings, which tracks unit counts and opening years across the Business Improvement District, underscores just how fast that residential footprint has grown.
For now, 160 Pearl Street remains in the permitting stage, with no demolition approved and no completion timeline on record. Whether the project ultimately includes affordable units, and what becomes of the existing six-story building on the lot, are questions that remain open as the application moves through the city's review process.
