How Attractive Are Office-to-Apartment Conversions Right Now?
Lenders tend to be cautious on office-to-apartment conversions and office prices may not be low enough
Stay updated with breaking news from Silverstein Properties. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Lenders tend to be cautious on office-to-apartment conversions and office prices may not be low enough
Manhattan developers have found a potential office to convert to residences: the former Goldman Sachs Group Inc. headquarters at 85 Broad St
Office-to-apartment conversions are already hard to do. And that's if regulations don't stop them entirely.
"The real beauty of PA Society weekend is that civil and respectful conversation isn't just commonplace — it is expected," wrote Pennsylvania Society president Elizabeth Preate Havey in a recent op-ed.
NYC developer Silverstein Properties is seeking to raise $1.5 billion for converting older offices to residential buildings