WSJ: New York City Halts Construction at Another Office-to-Residential Conversion
- On Tuesday, the New York City Department of Buildings issued a partial work stoppage at 750 Third Avenue after inspectors found unapproved welded splices on several steel columns during the 34-story conversion project.
- Regulators intensified site inspections this month following the July 7 structural failure at the former Pfizer headquarters, where columns buckled and floors sagged during conversion of the East 42nd Street project into roughly 1,600 apartments.
- At 222 Broadway, a 32-story project expected to yield nearly 800 apartments, officials issued a full stop-work order after discovering cracked concrete beams that had been repaired without proper city notification.
- SL Green, owner of 750 Third Avenue, requested rescission of the order, stating "there are no structural issues with the building, and we are already working with the licensed professional engineer of record to address this condition."
- New York City relies on office-to-apartment conversions to relieve housing shortages, but Department of Buildings spokesman Ryan Degan noted such projects require extensive structural work, making them significantly more complex than constructing new buildings.
16 Articles
16 Articles
NYC officials order structural review at building next to buckled Midtown highrise
City officials said the former Pfizer headquarters that was being converted into residential apartments is at risk of collapse. The city is requiring the owner of the Pfizer building to commission a structural review of its neighboring project on East 42nd Street. [ more › ]
New York City halts work at third commercial building being converted to residential
For the third time since steel columns buckled in the former Pfizer headquarters earlier this month, the New York City Department of Buildings paused work on a commercial building being converted into a residential building.
New York City has paused construction at several office-to-apartment conversions since Pfizer tower structural problems
New York City is counting on office-to-apartment conversions to help relieve its housing shortage. But after structural problems earlier this month threatened a partial collapse at one of the city’s largest such projects, regulators have intensified scrutiny.
[Ddangjipgo] As the U.S. commercial real estate market undergoes restructuring following the COVID-19 pandemic and the impact of high interest rates, conversion projects—renovating aging office buildings into residential apartments—are expanding to an all-time high. However, securing structural safety and business viability have emerged as new challenges, such as the recent risk of building collapse at a large site in New York. ☞ Commercial and…
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