Nightingale, Wafra file first renovation since $175M purchase of 111 Wall Street

Nightingale Group and Wafra, on June 3, filed a permit application for a $4.9 million interior renovation of 111 Wall Street in the Financial District.

The plans call for an interior renovation of the 255-foot tall, 24-story, building. This is the first renovation filed by Nightingale and Wafra since they partnered to buy the building earlier this year.

The project is described in the filings as: interior demolition in existing commercial building. No change to use, occupancy, or egress. The initial cost as reported in the DOB filing for the work described in this permit application is $4,887,094.

The property was acquired for $175 million on January 15, 2020 from Zurich Insurance. The transaction consisted of 1 parcel, including the tax class office building tower type with 20 or more stories. SL Green Realty provided a $100 million acquisition loan to help facilitate the purchase.

Direct link to Acris document.LINK

Direct link to DOB document.LINK