Pfizer building scare tests office-to-resi thesis
For an industry betting that obsolete office towers can help solve the housing shortage, this week’s scare at the former Pfizer headquarters could be a snag. Work stopped at the Midtown Manhattan tower on Tuesday after two steel columns failed during construction, prompting evacuations of the site and neighboring properties. The project, led by Nathan Berman’s MetroLoft and David Werner, is slated to deliver roughly 1,600 apartments, making it one of the city’s most closely watched office conversion projects. Work was quickly launched to shore up and stabilize the building. Nobody was injured in the incident and Berman anticipates a […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
COPA on the way, J-51 preps comeback in Council’s broad
housing push
What Renters Are Looking for in 2026
Black Spruce stuck in Floyd Mayweather, Jona Rechnitz’s
legal spat
“Litigation warfare”: Donna Karan and William Gottlieb Real
Estate’s rat fight heats up
Jacob Schwimmer bringing 500 units to Long Island
City
The Housing Market Split in 2. Which Side Is Your House
On?
Brooklyn luxury contracts crawl toward end of summer
Years after initial push, Carlyle still racking up Brooklyn
buildings
8 Ways to Get More Passive Income from Your Rental
Properties
The “Big 5″ Systems You Can’t Afford to Overlook When Buying
a Rental
