A Look Inside Vanbarton Group's Pearl House Project in NYC
A closer look at Vanbarton Group’s Pearl House project, a 30-story office-to-residential conversion on NYC’s waterfront.
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A closer look at Vanbarton Group’s Pearl House project, a 30-story office-to-residential conversion on NYC’s waterfront.
NYCIDA approved two tax abatements totaling nearly $100 million for two struggling office properties at 850 Third Avenue and 175 Water Street.
The Office Conversion Accelerator, launched by Mayor Eric Adams’s administration in August, has 46 buildings enrolled in the program.
Transforming unused office buildings into urban housing could solve two problems rippling through the real estate world — if only it were so easy.
Hybrid work has put office building owners in a bind and could pose a risk to banks. Landlords are now confronting the fact that some of their office buildings have become obsolete, if not worthless.