Metro Loft and Quantum Pacific to Buy 1 Whitehall for $100M

Metro Loft Management and Quantum Pacific Group are in contract to acquire 1 Whitehall Street, a 21-story office building in Manhattan’s Financial District, for $100 million. The sellers is LoanCore Capital, a debt fund that foreclosed on the property in December after a foreclosure auction.

The building is being targeted for another office-to-residential conversion. LoanCore began foreclosure actions against the prior owner, the Chetrit Organization, in October 2024, alleging missed payments on a $156 million mortgage at 1 Whitehall since July 2023.