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.
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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
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