Five financial district buildings are being turned into housing, including the country’s largest such conversion. Will it work elsewhere in Manhattan? For all the talk about converting New York City’s languishing office buildings into housing, just one neighborhood has done it on a large scale: the financial district.
New York City is months away from introducing the first zone-based tolling program in the U.S. The project, which begins in the spring of 2024, will increase the tolls drivers pay to enter points of Manhattan south of 60th Street.
One of the most iconic residential spaces on the planet has finally sold. Why it matters: The final price was $30 million, a mere $80 million below asking. The top nine stories of the Woolworth Building in New York City mark the pinnacle of what was not only the tallest building in ...
More than one-third of desks in offices around the globe are unoccupied all week, according to a new report, raising questions about how well workplaces are currently designed as companies struggle to get employees back into them.
In the summer of 2022, the 1.7 million square-foot office tower at 787 Seventh Avenue was less than 20% occupied by employees of such tenants as BNP Paribas, Sidley Austin and Willkie Farr. Aldo Sohm Wine Bar, a sister restaurant to three-Michelin-star Le Bernardin, struggled to draw a lunch crowd. But now…
The amount of office space available for lease in Manhattan climbed to a record high during the first four months of 2023, according to the real estate firm Colliers.
A large chunk of vacant office space in Manhattan’s Rockefeller Center could be converted into luxury hotel suites if the city approves a new plan from the complex’s owners. Aspen Hospitality is planning on converting 10 floors above NBC’s Today show studio into a luxury hotel totaling 130 rooms ...
Hybrid work has been choose-your-own-adventure, but now C.E.O.s are making their choices more permanent. The freight elevator doors opened onto 50,000 square feet of office real estate. Right now, it is empty, but Seth Besmertnik, chief executive of the software company Conductor, gestured at the beams and concrete ...
Manhattan is already struggling to figure out what to do with its current glut of office space, but the borough also needs to prepare for about 13 million additional square feet of cubicles to arrive – the most in the country.
