General Construction at 1 Gouverneur Lane, Manhattan
1 GOUVERNEUR LANE, MANHATTAN, 10005 · Financial District-Battery Park City
What was permitted
For those in the Financial District-Battery Park City area, a major conversion project is underway at 1 Gouverneur Lane. This general construction project involves transforming a commercial building into residential units, a significant undertaking for the neighborhood.
The permit was issued on May 11, 2026, with a substantial estimated project cost of $65,000,000. 77 WATER LLC is the General Contractor managing this extensive renovation.
A massive $65 million project is converting a commercial building to residential use in the Financial District-Battery Park City, signaling a significant shift in property use.
What it cost
Issued
May 11, 2026
Expires
July 7, 2026
License
General Contractor
Price your own project
See what a project like this costs near you
We'll compare your scope against real permits and licensed contractors in the area.
Start my estimate →Free · takes 60 seconds · no account needed
Filed by 77 WATER LLC · 5 permits across 1 neighborhood
View the official permit record
Tracking number, work description, cost, and dates
+
View the official permit record
Tracking number, work description, cost, and dates
| Tracking Number | 974461832 |
| Work Permit # | M01157498-I1-GC |
| Job Filing Number | — |
| Work Type | General Construction |
| Status | Permit Issued |
| Job Description | MPP Project # 000000370 approved by project advocate Roceli Zimmerman. Alt-CO being filed for the conversion of a commercial building to a residential use per Article 1 Chapter 5. |
| Floor / Unit | Cellar, Cellar, Cellar, Floor Number(s) 1, Floor Number(s) 1, Floor Number(s) 1, Floor Number(s) 2, Floor Number(s) 2, Floor Number(s) 2, Floor Number(s) 2, Floor Number(s) 2, Floor Number(s) 2, Floor |
| Estimated Cost | $65,000,000 |
| Approved | November 18, 2025 |
| Issued | May 11, 2026 |
| Expires | July 7, 2026 |
| BBL | — |
| BIN | — |
Property Owner
Not Applicable
Joseph Chilelli