News
National Office

NYC: New Life for Tired Offices

One booming trend in cities with lots of old office stock is conversion to residential use, since office tenants want buildings with open floor plans, that are energy efficient, and fully wired, says EisnerAmper partner Ken Weissenberg, who'll be speaking at Bisnow's Office Leasing & Development Expo (BOLD). This week, Ken's client Harry Macklowe announced a plan to convert Lower Manhattan's 1.25M SF One Wall St into a mixed-use condo building; Ken says Harry, who expects plenty of buyers, estimates Lower Manhattan population will grow from 60,000 to 125,000 in the next five years. (People are going to have to start living in the Statue of Liberty's crown.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy