Empty Wall Street Offices to Be Revived as Apartments

A enterprise of two New York builders has bought a one-third empty workplace constructing within the metropolis’s monetary district with plans to convert it into apartments, one of many largest such conversion schemes to be launched throughout the pandemic.

The enterprise, which incorporates Silverstein Properties and Metro Loft, has agreed to pay $180 million for the 30-story constructing that opened in 1967 and has housed quite a few expertise and financial-services tenants over the many years. The new homeowners plan to convert it into 571 market-rate residences, starting from studios to three bedrooms, throughout the subsequent three to 4 years.