Former Planned Parenthood Site in NoHo Set for Luxury Condo Conversion

• Izaki Group Investments plans to convert the former Planned Parenthood clinic at 26 Bleecker Street into luxury condominiums and retail space.
• The developer acquired the seven-story property for $38.1 million in late 2025.
• Proposed renovations include a penthouse addition, retail space, and extensive interior redevelopment.

What the Redevelopment Proposal Includes

A historic NoHo property that previously housed Manhattan’s only Planned Parenthood clinic is poised for a new chapter as a luxury residential development. Izaki Group Investments has submitted plans to transform 26 Bleecker Street into a condominium project with ground-floor retail space. The seven-story building, originally constructed in 1900, sits in one of Manhattan’s most desirable residential and retail neighborhoods. The proposal requires approval from New York City's Landmarks Preservation Commission due to the building’s historic status and location within a protected district.

What Changes Are Planned for the Building

The redevelopment plan includes significant modifications designed to accommodate residential use. Developers are proposing a penthouse addition, reconstruction of portions of the building, and the introduction of retail space at street level. While specific condominium unit counts and amenities have not yet been disclosed, the project is expected to target the luxury residential market. No construction permits have been filed so far, with the development currently moving through the landmark review process.

What This Means for NoHo Real Estate

The conversion reflects the continued strength of Manhattan’s luxury residential market, particularly in neighborhoods like NoHo that offer limited development opportunities. Adaptive reuse projects involving historic buildings remain attractive to developers because they provide opportunities to create unique residential products in supply-constrained locations. The site's proximity to major retail corridors, cultural destinations, and transit options further strengthens its appeal as a luxury residential address.

What Happened to the Former Planned Parenthood Facility

The property served as the Manhattan Health Center for Planned Parenthood of Greater New York for decades before the organization announced its closure in 2025. The nonprofit cited financial and operational challenges when deciding to close the facility and later sold the property as part of a broader strategy to redirect resources toward serving underserved communities throughout New York. Proceeds from the sale are expected to support expanded healthcare services and community programs elsewhere in the organization’s network.

What This Means for Izaki Group Investments

The project adds another high-profile asset to Izaki Group Investments’ growing international portfolio. The company has completed and developed multiple luxury residential projects throughout Manhattan, including developments in the West Village, Yorkville, and Tribeca. The Bleecker Street redevelopment further expands the firm’s presence in New York City while adding a rare conversion opportunity within one of Lower Manhattan’s most prestigious residential districts.

What the Industry Will Watch Next

Attention now shifts to the upcoming Landmarks Preservation Commission hearing, where officials will review the proposed exterior and structural modifications. Developers, preservation advocates, and local stakeholders will closely monitor the project as it moves through the approval process. If approved, the redevelopment could become another notable example of adaptive reuse in Manhattan, transforming a longtime institutional property into luxury residential housing while preserving elements of its historic character.