45 Broadway
241 apartments
Developers have filed plans to convert a 370,000-square-foot office building into housing in Manhattan’s Financial District.
Cammeby’s International, a real estate firm led by developer Rubin Schron, is eyeing a conversion of 45 Broadway into 241 apartments, according to plans filed with the New York City Department of Buildings on Dec. 30.
32 Broadway
121 apartments
39 Broadway
332 apartments
42 Broadway
370 apartments
https://traded.co/blog/cammeby-s-advances-fidi-office-to-resi-shift-with-823-unit-filing/
On December 19, 2025, Cammeby’s International Group, led by Avi Schron, filed plans to reposition three Financial District office buildings as residential properties, adding 823 units to New York City’s housing pipeline. The filing reflects a broader landlord response to elevated office vacancies and growing regulatory support for adaptive reuse, offering a clear roadmap for owners seeking value in legacy office assets.
The applications cover three longtime office towers: 42 Broadway, a 22-story, 389,927-square-foot building planned for 370 residential units; 39 Broadway, a 40-story, 447,452-square-foot tower planned for 332 units; and 32 Broadway, an 18-story, 143,000-square-foot property planned for 121 units. All three sit on irregular lots zoned C5-5, allowing up to 15 FAR commercial or 10 FAR residential with inclusionary housing. The strategy relies on rehabilitation and selective enlargement rather than ground-up construction, accelerating timelines and controlling costs in Lower Manhattan. With FiDi still roughly 74 percent office, these filings signal sustained momentum for residential growth amid 17.4 million square feet of construction activity across the district.