Nothing is stopping office-to-resi conversions in NYC
July’s scare at the former Pfizer building in Midtown Manhattan did little to dull the movement behind office-to-residential conversion projects in New York City. In fact, this week showed that those redevelopments are continuing to forge a path towards more housing in the city. Ran Eliasaf’s Northwind Group provided a $219 million construction loan for 100 Wall Street, a 29-story, 463,000-square-foot Financial District office building that is being partially converted into apartments by Lloyd Goldman’s BLDG Management and David Werner Real Estate Investments. The joint venture plans to convert floors 2 through 11 into 168 rental apartments; floors 15 through […]
This article originally appeared on The Real Deal. Click here to read the full story.
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