Inside the largest office to resi conversion in the country, 25 Water Street
Автор: The Real Deal
Загружено: 2025-04-10
Просмотров: 35942
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Since the 1960s, 25 Water Street has housed offices for companies like JPMorgan Chase and the New York Daily News. Now, it'll house renters as one of the largest office-to-residential conversions in the country.
The project is one of the first to use New York State's 467M tool, which proponents like Adolfo Carrión Jr. hope will create tens of thousands of new units in housing-strapped NYC over the next ten years.
TRD's Kathryn Brenzel spoke to Carrión, who is the Deputy Mayor for Housing, about what the city is doing to incentivize new housing development – and how developers are reacting. Tap the #linkinbio to watch the full interview.
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