Tag

Office To Residential Conversion

All articles tagged with #office to residential conversion

local11 days ago•5 min saved

Midtown 37-Story Pfizer Tower Stabilized After Buckling Fears

Crews stabilized the 37-story former Pfizer headquarters on Manhattan’s East Side after workers found buckled columns on the 21st floor during its conversion to residential space. Temporary shoring was installed to support floors 18–24, nine nearby buildings were evacuated, and streets were closed as engineers assessed the risk. The Department of Buildings says the building is now stable while investigators determine the cause, with the added weight of newly built upper floors suspected as a contributing factor.

via ABC7 New York|

#buckled-columns #department-of-buildings #evacuation

real-estate9 months ago•5 min saved

JPMorgan Offices Converted into Luxury Apartments

A former JPMorgan office building in Manhattan has been transformed into 1,320 apartments with extensive amenities, including recording studios, pools, and gyms, as part of NYC's leading office-to-residential conversion efforts supported by government incentives, addressing housing shortages and adapting to remote work trends.

via Business Insider|

#affordable-housing #jpmorgan-offices #nyc-housing

urban-development3 years ago•1 min saved

"Tax Breaks Proposed to Convert Office Buildings into Housing in Downtown"

The city of Boston will launch a pilot program offering a property tax discount of up to 75 percent for developers who convert underutilized downtown office buildings into residential units. The program aims to address the challenges and costs associated with office-to-residential conversions, which have become more prevalent due to the struggling commercial office sector and soaring housing costs. Converted buildings must meet affordable housing requirements, energy efficiency standards, and developers are encouraged to keep ground floors open for retail or public use. The program will accept applications until June 2022, with construction required to start by October 2025.

via The Boston Globe|

#affordable-housing #boston #economic-incentives

real-estate3 years ago•2 min saved

Former National Enquirer and Daily News building to become residential property.

The former home of National Enquirer, Daily News, and JPMorgan Chase bank in New York City will be converted into residential living, creating 1,300 new apartments inside. The project will be the largest office-to-residential conversion in America. The new owners plan to raise the height to 32 stories while still complying with density restrictions. The building is expected to open up for rent in 2025.

via New York Post |

#financial-district #housing-supply #jpmorgan-chase