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.
  • Additional Information
    • Subject Terms:
      HOUSING; BUSINESS planning; APARTMENTS; REAL property; COVID-19 pandemic; RENT; HOUSING market; REAL estate investment trusts
    • 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:
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