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Conversion kicks off at former Pfizer HQ: City's largest-ever residential conversion would add 1,500 market-rate apartments to Midtown.
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- Author(s): Hughes, C. J. (AUTHOR)
- Source:
Crain's New York Business. 7/1/2024, Vol. 40 Issue 26, p1-1. 1p. - Source:
- Additional Information
- Subject Terms:
- Abstract: The former headquarters of pharmaceutical company Pfizer in Midtown Manhattan is set to undergo the city's largest-ever residential conversion. The two-building complex will be transformed into a 1,500-unit rental complex, with construction set to begin in a few weeks. The project will involve replacing all 2,000 windows, removing facades, and installing energy-efficient outer walls. The apartments will be offered at market-rate rents and will not include any affordable housing. The conversion is part of a larger trend of office tower conversions to address the housing crisis in New York City. [Extracted from the article]
- Abstract: Copyright of Crain's New York Business is the property of Crain Communications Inc. (MI) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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