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BBCNEWS World Business Report June 4, 2024 13:40:00

On running for congress. so this space was brought to life in crime drama law & order, but a short lease is not a long term fix. a long time ago, this used to be the offices of goldman sachs. today, the building is being repurposed into apartments, part of a much bigger conversion wave, which city officials hope will provide much needed housing. so we ve got the plans here. where are we standing right now? right now we re in the corner of the building. this is going to be someone s living room. this roughly i million square foot tower undergoing a transformation from office cubicle to someone s home. where once was enclosure to a mechanical cooling tower will now be enclosed and made into a residential amenity room with an outdoor pool and all kinds of great spaces for the residents of the building to use. wow. and it s notjust a new york thing. architect eugene florin, whose company is designing the floor plans, is fielding a lot more calls about conversions from across the country. ....

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BBCNEWS Asia Business Report June 4, 2024 00:39:00

Amenity rooms and outdoor pool and all kinds of great spaces for the residents it is not just a new york thing. this architect is fielding a lot more calls about conversions from across the country. they have been from across the country. they have been around from across the country. they have been around for- from across the country. they have been around for a - from across the country. they have been around for a long i have been around for a long time. that is getting a lot of attention my dad because it has become such a national, almost kind of emergency. become such a national, almost kind of emergency. what are the economics? kind of emergency. what are the economics? at kind of emergency. what are the economics? at the kind of emergency. what are the economics? at the market - kind of emergency. what are the economics? at the market can . kind of emergency. what are the | economics? at the market can be more expensive than a brand new building so there is this kind ....

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BBCNEWS Asia Business Report June 4, 2024 01:39:00

And made into a residential energy room and outdoor room and all kinds of great spaces for the residents to use. and it is notjust a new york thing. an architect whose company is designing the floor plans is fielding a more calls about conversions from across the country. about conversions from across the country- the country. they ve been around for the country. they ve been around for a the country. they ve been around for a long - the country. they ve been around for a long time - the country. they ve been| around for a long time but getting around for a long time but getting a around for a long time but getting a lot around for a long time but getting a lot of around for a long time but getting a lot of attention i around for a long time but. getting a lot of attention now because getting a lot of attention now because it getting a lot of attention now because it is getting a lot of attention now because it is an getting a lot of attention now because it is an ....

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BBCNEWS World Business Report June 4, 2024 04:42:00

Repurposed into apartments, part of a much bigger conversion wave which city officials hope will provide much needed housing. these are the plans, where i was standing right now? we the plans, where i was standing right now? right now? we are in the corner ofthe right now? we are in the corner of the building, right now? we are in the corner of the building, this right now? we are in the corner of the building, this is - right now? we are in the corner of the building, this is going - of the building, this is going to be a living room.- of the building, this is going to be a living room. there are rou~hl to be a living room. there are roughly 1 to be a living room. there are roughly1 million to be a living room. there are roughly1 million square - to be a living room. there are roughly 1 million square feet i roughly 1 million square feet in this tower, under growing a transformation from a office cubicle to a home. transformation from a office cubicle to a home. what will be ....

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BBCNEWS Verified Live June 4, 2024 15:39:00

Architect eugene florin, whose company is designing the floor plans, is fielding a lot more calls about conversions from across the country. they ve been around for a long time. they re just getting a lot of attention right now because it s become such a national, almost kind of emergency. what are the economics? it sometimes can be even more expensive than a brand new building. so there is this kind of careful economic factor where we have to be very smart about how we modify the buildings so it s actually, you know, cost effective to work. what s stopping it in a lot of parts of the country is economics completely. from permits to making sure you have the right structure to begin with, it s hard to make the numbers work, but vacancy rates are at an all time high, and as landlords struggle to find tenants, they re being forced to think outside the box. michelle fleury, bbc news, new york. they will be converting this place into flats before along! in other news. mortgage rates in the ....

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