An existing 15-story building located at 17 John Street, in Manhattan’s evolving Financial District. The venue is situated a block away from the new World Trade Center and directly next to Fulton Center, the third largest transit hub in New York City. 

The building was acquired by a joint venture consisting of Shorewood, Prodigy Network, and Metro Loft in August 2014.  The total project cost is estimated at $170 million.  To date Shorewood secured $76 million of senior and subordinate debt for the acquisition and pre-development of the project.

Upon completion the building will have 18 stories, totaling 140,000 square feet.  The base of the building will be gut renovated and 3 stories will be added to the top.  The completed property will combine 50,000 square feet of collaborative workspace with 106 furnished residences that will be leased on a short term basis.  The project is being designed by the globally recognized design boutique, Meyer Davis, which specializes in residential, hospitality, retail, and workplace environments around the world.