Plans are underway to convert 40 Exchange Place, a 20-story office building at the corner of Exchange Place and William Street in the Financial District, into 382 rental apartments. The development will include a mix of market-rate and affordable units, along with ground-floor retail space and amenities for residents. According to a Newmark press release, Derby Lane has provided $191.5 million in construction financing, arranged by Newmark, to support GFP Real Estate's office-to-residential conversion at 40 Exchange Place.
You could go to Mr. Mahjong's several days in a row and have completely different experiences each time. This Financial District cocktail bar packs its calendar with near-nightly events, like live music, comedy shows, calligraphy workshops, and, naturally, mahjong nights. Depending on what's happening, you'll find the action either upstairs or downstairs, both of which have the same dark, speakeasy feel with glowing red lanterns and the occasional Chinese lion head.
For under a million dollars, one can find all sorts of housing configurations: park- and subway-adjacent studios, one-bedrooms hidden in carriage houses or former shoe factories, and even the occasional true two-bedroom. We're combing the market for particularly spacious, nicely renovated, or otherwise worth-a-look apartments at various six-digit price points. This week, a two-bedroom corner unit in the Financial District and an East Village loft that's perfect for a live-work setup.
Your next Financial District lunch should be at Heartwood. The American spot has quick service, cushy banquettes, and plenty of space for sprawling out with coworkers you actually like. And, famously, free martinis. They're technically a penny, but it's still the cheapest cocktail in the city. The lunch-only deal is simple: order an entree, like a burger or poke grain bowl, and get your choice of martini like a classic gin or vodka, espresso, or one infused with jasmine tea.