NY Dirt: Mamdani remains bullish on office-to-resi
Office-to-residential conversions haven’t fallen out of favor with the mayor. Buckling columns at the former Pfizer headquarters in Midtown weren’t enough to deter the mayor’s pursuit of office-to-residential conversions as part of his broader housing plan for 200,000 units over the next decade. The risky situation at 235 East 42nd Street on Tuesday was partially stabilized by Wednesday afternoon, but concerns remain about how the city’s largest residential conversion project proceeded without safeguards to prevent structural failures when adding floors to a former office building. Mayor Zohran Mamdani insisted at a press conference Wednesday morning that structural issues with the […]
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