Scott Rechler’s RXR is recapitalizing the $500 million financing for the 55 Broad Street project, converting an office building into residential units. The deal involves Silverstein Properties and Nathan Berman as key partners in the development. RXR takes a leadership role in restructuring the project’s debt.

Apr 2026The Real DealNews article

Metro and Silverstein Properties are considering selling a mixed-use, multifamily building in New York’s Financial District for over $500 million. The property’s residential component currently has a 76% occupancy rate.

Sep 2025benefitspro.comNews article

Silverstein Properties and Metro Loft are selling the converted office-to-residential building at **55 Broad Street** in Manhattan’s Financial District. The partners aim to secure at least **$500 million** for the property, reflecting its repositioning as a high-end residential asset.

Sep 2025The Real DealNews article

Silverstein Properties and MetroLoft list **55 Broad Street**, a luxury residential tower in Lower Manhattan, for sale. The asking price exceeds **$500 million**, targeting high-end buyers in the city’s prime real estate market.

Sep 2025Commercial ObserverNews article