The 38-year-old building was home to JP Morgan Chase. Moinianbought the Downtown building in 2004 for $140 million and kept itas office space until this year. It worked out an early terminationof the Morgan lease, clearing the space for the renovations. Allnecessary approvals for the residential conversion are in hand, andit should be ready for occupancy in 2008.

"The property's proximity to transportation, the New York StockExchange, world-class entertainment, retail shopping and diningvenues will make 95 Wall St. the perfect live/work opportunity,"says Joseph Moinian, president of the company. "We have renovatedand repositioned properties from New York to Los Angeles, and 95Wall St. is poised to become one of our most exciting and rewardingprojects." A common penthouse will have a fitness center, loungeand outdoor sun deck.

Last month the Moinian Group bought 245 Fifth Ave. for $190million from KBS Realty Advisors, as GlobeSt.com reported.That building is staying as office space.