GFP Opens The Wrey, a 788-Unit Office-to-Residential Conversion in Lower Manhattan

• The Wrey is a 31-story office-to-residential conversion at 222 Broadway in Lower Manhattan, delivering 788 rental apartments.
• The project is being developed by GFP and began welcoming residents in June, with full completion expected in early 2027.
• Amenities include a 75-foot indoor pool, rooftop pool, spa, fitness facilities, coworking spaces, and entertainment lounges designed to resemble a private members club.
• The development is part of Lower Manhattan's growing office-to-residential conversion trend aimed at adding new housing supply.

What the Project Includes at 222 Broadway

The Wrey is transforming a former office tower at 222 Broadway into one of Lower Manhattan's largest luxury rental communities. Located steps from City Hall Park, the 31-story building overlooks Broadway, St. Paul's Chapel, and the World Trade Center, placing residents in the center of the Financial District. The conversion will create 788 rental apartments, ranging from studios to three-bedroom units. Move-ins began in June while construction continues on portions of the building, with full delivery expected during the first quarter of 2027. Developer GFP is also evaluating participation in New York State's 467-m program, which offers tax incentives for office-to-residential conversions that include affordable housing. The company previously utilized the program for its SOMA conversion project at 25 Water Street.

What Makes the Amenities Stand Out

Rather than positioning itself as a typical apartment building, The Wrey is being marketed as a residential experience inspired by private clubs and luxury resorts. The amenity package includes a 75-foot indoor lap pool, a rooftop pool with skyline views, a spa, fitness center, coworking spaces, screening room, private dining areas, lounges, and outdoor gathering spaces. Designers focused on creating hospitality-style environments intended to blur the line between home and luxury resort living. Many of the residential units and amenity spaces remain under construction, but leasing activity has already begun as demand for luxury rentals in the neighborhood continues to grow.

What Residents Can Expect Inside the Apartments

The apartments feature modern finishes and technology-focused amenities. Units include white oak flooring, custom cabinetry, quartz countertops, integrated appliance packages, keyless entry systems, smart temperature controls, blackout shades, and in-unit laundry. Ceiling heights approach 10 feet in many residences, while the building's full-block footprint allows for expansive city views in multiple directions. Current advertised rents start at approximately $4,168 per month for studios, while larger units command significantly higher rents depending on size and location within the building.

What This Means for Lower Manhattan's Housing Market

The Wrey represents another major office-to-residential conversion in Lower Manhattan, a trend that has accelerated as older office buildings face changing workplace demand. The project follows GFP's successful conversion of SOMA at 25 Water Street, which became the largest office-to-residential conversion in the United States. Developers and city officials increasingly view these conversions as a way to address New York City's housing shortage while revitalizing older office properties. For Lower Manhattan, the addition of 788 new apartments further strengthens the neighborhood's evolution from a primarily office district into a true mixed-use residential community with a growing population of full-time residents.