A worker walks through the construction site of 77 Water Street, a former office building being transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

An interior view of a common area is seen at Pearl House NYC, a former office building transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

A worker walks through the construction site of 77 Water Street, a former office building being transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

An interior view of a common area is seen at Pearl House NYC, a former office building transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

The roof deck is seen at Pearl House NYC, a former office building transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

A person walks through the lobby at Pearl House NYC, a former office building transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)

(FILES) US President Donald Trump shakes hands with the new Chairman of the Federal Reserve Kevin Warsh (L) during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. US Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank's rate-setting committee next week caught between a rock and a hard place, with inflation at a three-year high and unrelenting pressure from the White House to lower rates. The Fed's 12-member open market committee (FOMC) will begin a two-day meeting on June 16, 2026, and is widely expected to hold rates steady as the effects of US President Donald Trump's war on Iran course through the world's largest economy. (Photo by Aaron Schwartz / AFP via Getty Images)

Construction is seen on 77 Water Street (C), a former office building being transformed into luxury rental apartments in the Financial District of New York, on April 10, 2026. (Photo by ANGELA WEISS / AFP via Getty Images)