NEW YORK | Residential Conversions

207 West 28th Street

https://www.crainsnewyork.com/real-estate/grant-shapolsky-prime-manhattan-development-buy-chelsea-office-building

The buyer is a limited liability company called Grace Hanover. Its signatory was Grant Shapolsky, who is the founding principal of Lower East Side-based family real estate firm Prime Manhattan Development. He plans to convert the 6-story building into residential condos within the next several years, he said.

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25 Columbia Heights
30 Columbia Heights

https://www.crainsnewyork.com/real-estate/cim-group-wants-convert-dumbo-property-residential-buildings

The Jehovah’s Witnesses former world headquarters could again see new life, this time as residential apartments.

Los Angeles-based CIM Group is seeking to rezone a swath of land in Dumbo that was once occupied by the Jehovah’s Witnesses sprawling Downtown Brooklyn campus at 25-30 Columbia Heights, according to an application submitted Friday to the Department of City Planning. Home to what is now known as Panorama Brooklyn — a retail, entertainment and creative office complex — CIM is proposing to transform the property into two mixed-use buildings containing about 640 apartments and a combined 113,000 square feet of commercial space.

The latest proposed iteration includes converting Panorama’s existing office space into a pair of mixed-use buildings with apartments. Specifically, 25 Columbia Heights, which currently sits vacant, would be expanded to 17 stories and partially converted to residential use. It would contain a total floor area of about 379,500 square feet, including about 367,200 square feet of residential use and 12,240 square feet of commercial or community facility space.

And 30 Columbia Heights, which is currently 13 stories, would be boosted to 14 stories, containing a total of 428,060 square feet of floor area. It would also be partially converted to include about 260,500 square feet of residential space and 167,500 square feet of commercial space. A quarter of the apartments in the residential portion of the property would be set aside as affordable, according to the application.

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Big concrete pour yesterday at 125 Perry / 738 Greenwich St (parking garage conversion)

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101 Greenwich Street
614 units

Israeli billionaire Idan Ofer started the year with an acquisition of a Financial District office building. He’s ending the year with plans in place for Manhattan’s next big conversion.

Ofer’s Quantum Pacific Group and Nathan Berman’s Metro Loft Management filed plans for a 614-unit office-to-residential conversion at 101 Greenwich Street, the Commercial Observer reported. The partners bought the 26-story property from BentallGreenOak in February for more than $100 million.

https://newyorkyimby.com/2026/01/rendering-revealed-for-office-to-hotel-conversion-at-509-madison-avenue-in-midtown-manhattan.html

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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.

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40 Fulton Street

https://www.bizjournals.com/newyork/news/2025/12/31/fidi-nyc-office-residential-conversion-40-fulton.html

  • 169 apartments
  • number of floors will increse from 28 to 30

new layout will be:

  • floors 2 through 4 - office space
  • floor 6 - office space
  • floors 7 through 28 - each floor will have 6 to 8 residential units

update on 40 Exchange Place

Tribeca Citizen | The Irish Punt in Fidi closes after a 31-year run

The Irish Punt, the classic pub that was tucked into 40 Exchange Place near the corner with William, closed last Friday after 31 years in Fidi — a casualty of the conversion boom going on now in the neighborhood.

GFP, Jeffrey Gural’s firm, filed a permits to convert the office building at 40 Exchange Place to mixed-use this past July. The Real Deal reported that the project will produce 382 residential units and retail in the 20-story building.

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Manhattan Office-to-Residential Project Receives $218M - Multi-Housing News

Quantum Pacific and MetroLoft have received $218 million in financing for the latest office-to-residential conversion in Manhattan’s Financial District. The partners are redeveloping 101 Greenwich St., a century-old 27-story, 400,000-square-foot office building into a 614-unit apartment community.

Financing for the redevelopment came a month after the project was approved for a $60 million alteration permit. The permit, approved on Dec. 24, 2025, includes exterior alterations, mechanical and plumbing work for the residential conversion, as well as window replacements.

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exterior alterations

That doesn’t sound good…

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Yeah, I agree. I hope it doesnt turn into some botched building like 1270 Broadway, absolutely horrendous.

Buildings like this need to be landmarked! We are waaaayyyyyy too lax with our architectural heritage!

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80 Broad Street

https://www.crainsnewyork.com/real-estate/broad-street-developers-planning-fidi-office-resi-conversion

According to the plans, the Class B office tower would be converted into 326 apartments across about 336,000 square feet. It would include a fitness studio in the basement, as well as a restaurant and a doctor’s office on the first floor. There would also be a co-working space, bike storage and a pool on the seventh floor.

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143 Franklin Street

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77 Water Street

Office building to be converted into about 600 apartments.

https://www.crainsnewyork.com/real-estate/vanbarton-files-plans-alter-plaza-77-water-st

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31-33 West 110th Street

The vote marks a major step toward actualizing the redevelopment, which will transform the long-vacant correctional facility at 31-33 West 110th Street in Harlem into a new 22-story, mixed-use building containing up to 105 income-restricted homeownership units and ground-floor community facility spaces — representing a nearly $100 million investment in the Harlem community.

The redevelopment will replace the existing vacant, eight-story former correctional facility at 31-33 West 110th Street with a new 22-story, up to 160,000 gross square foot mixed-use building directly across from Central Park. The facility closed permanently in 2019. The building will contain up to 105 income-restricted homeownership units ranging from one- to three-bedrooms and up to 7,626 gross square feet of ground-floor community facility space.

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16 Beaver Street

Expansion from 6 stories to 11 stories, creating 50 residential units.

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25-30 Columbia Heights (Brooklyn)

Applicant CIM Group seeks to enlarge the 12-story 25 Columbia Heights to 17 stories and convert its interiors to 14,850 square feet of commercial/community facility space on the ground floor with 392 residential units on top. The 13-story 30 Columbia Heights would be expanded to 14 stories and contain 269 residential units, commercial or community facility space, and residential parking. Approximately 25% of units in each building will be designated as affordable. If the ULURP goes smoothly, construction could begin in early 2027 with an estimated completion of 2029.

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61 Broadway

https://www.multihousingnews.com/rxr-jv-secures-500m-for-manhattan-conversion

RXR and One Investment Management have closed on more than $500 million in financing for the office-to-multifamily conversion of 61 Broadway, a 33-story office building in Manhattan’s Financial District. The project will deliver 796 mixed-income units to market.

Construction is expected to begin shortly, with the first apartments scheduled for delivery in the first half of 2028.

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