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    In downtown Manhattan, there's both good and bad news. While some buildings face foreclosure and Water Street is a ghost town, two major towers on Liberty Street have weathered the pandemic's worst damage. Fosun Hive Holdings, a real estate division of Chinese conglomerate Fosun International, has successfully modernized its 60-story, 2.5 million square-foot tower at 28 Liberty St., which it bought from JPMorgan Chase for $750 million in 2017. The tower is now over 89% office-leased and is expected to reach mid-90s percentages when pending deals are completed. Fosun is also adding an event space called Halo at the base of the landmarked skyscraper, which can accommodate up to 750 guests.

    Another success story can be found at One Liberty Plaza, a 54-story, 2.3 million square-foot black steel monolith across from Zuccotti Park. The skyscraper, which is 83% leased to notable tenants like Cleary Gottlieb, Aon, Transatlantic Reinsurance, and the New York City Economic Development Corp., recently received a $750 million refinancing package led by Morgan Stanley. Brookfield Properties is now modernizing the tower's lobbies, which will feature new double-height spaces with 40-foot high ceilings and 17-foot-tall windows, Italian travertine wall cladding, terrazzo floors, and custom-made furniture by interiors firm Gachot and works by French contemporary artist Pierre Huyghe. The project is expected to be completed in early 2026.