Bilt, a loyalty program centered around rent payments and upcoming mortgage benefits, is relocating to a new space of nearly 60,000 square feet in Manhattan’s Meatpacking District.
This New York-based startup, which operates as a payment processor, has finalized a 15-year lease for the Samsung building at 837 Washington Street, which is currently undergoing significant renovations, Bilt announced on Thursday.
The move is expected to take place in early 2026. Details about the lease costs remain undisclosed.
“New York is the undeniable leader in finance and technology. Bilt’s expansion here showcases the unique talent and opportunities that the city provides,” said Governor Kathy Hochul in a statement.
Empire State Development is backing this move with a $6.25 million tax credit aimed at fostering job creation, as added by Hochul.
Bilt recently secured $250 million in funding during a round in July, valuing the company at $10.75 billion. According to their announcement, they’ve raised over $850 million from venture capital.
The company now serves over 5 million members nationally and employs around 200 people in lower Manhattan, showing rapid growth.
Bilt is actively looking to fill new positions in engineering, product development, marketing, and operations at its future headquarters.
“Our 15-year commitment to the Meatpacking District reflects our strong belief in New York as a hub for innovation,” said Bilt founder and CEO Ankur Jain.
The new headquarters is set to include meeting facilities, collaboration spaces, rooftop lounges, transit access, and a cafe open to the public.
Bilt allows various individuals—from tenants to students—to earn points on housing payments, which can be redeemed for travel expenses with over 100 major airlines and hotel partners, as well as for fitness classes and even Lyft rides.
Moreover, Bilt collaborates with over 40,000 local partners like neighborhood businesses and restaurants.
The company processes upwards of $100 billion annually in housing-related expenses, channeling more than $10 billion into its neighborhood network.
