CONVERTING 25 WATER TO RENTALS
The Real Deal reports that GFP Real Estate, Metroloft and Rockwood Capital are planning to convert 25 Water (formerly 4 New York Plaza) into about 1,200 rental apartments, possibly making it the largest office-residential conversion by unit count in the city. “The group is close to obtaining a $500 million construction loan from Michael Dell’s MSD Partners for the conversion, sources familiar with the deal told The Real Deal.” (I think they will have to add some windows…)

LOUD MUSIC IN THE NEIGHBORHOOD ON A SUNDAY
The Times did one of their fun “Sunday Routine” features on Julia Wolfe and Michael Gordon, the couple who founded Bang on a Can, “the genre-bending musical collective that will turn 30 next year. They’re also a married couple who raised two children in their TriBeCa loft, a former Romanoff Caviar factory. The two compose loud music at either ends of the loft, which they share with their daughter, Yael, 20, and a cockapoo named River.”

DIGGING UP THE PAST AT 250 WATER
The Trib has a story on the stuff that is being dug up as construction starts at 250 Water, the block-square site in the Seaport Historic District. Found so far, during sewer connection work for the dewatering phase of the excavation: pieces of glass and stoneware, a smoking pipe, and the soles of shoes that likely had last been worn more than 300 years ago.

WAGNER HOTEL DECLARES BANKRUPTCY
Bloomberg Law reports that corporate entities linked to the Wagner Hotel, at 2 West Street, filed for bankruptcy on Tuesday. “Urban Commons 2 West LLC and several related entities filed for Chapter 11 protection, listing assets and liabilities of as much as $500 million each in court papers The companies’ main assets are located at 2 West Street in the Manhattan neighborhood of Battery Park City, the location of the Wagner Hotel.”