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    Home»Real Estate News»City Pauses Work on Yet Another Office-to-Resi Conversion

    City Pauses Work on Yet Another Office-to-Resi Conversion

    Team_WorldEstateUSABy Team_WorldEstateUSAJuly 29, 2026No Comments2 Mins Read
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    The Division of Buildings issued a partial stop-work order at 750 Third Avenue, at the very least the third office-to-residential conversion topic to a pause since this month’s scare on the former Pfizer headquarters.

    The town referred to as for a cease to “all structural metal work” on the ninth ground and above at SL Inexperienced’s Midtown Manhattan challenge, the New York Instances reported. There isn’t a structural misery or hazard to the general public, based on the Division of Buildings.

    The stop-work order, issued yesterday, stems from metal welding that doesn’t match the filed constructing plans, based on the DOB. 

    A spokesperson for SL Inexperienced stated it recognized the discrepancy, which “was seen solely after finishing preliminary preparation work.” The spokesperson added there have been “no structural points” and that the agency was seeking to get the order rescinded.

    A contractor might want to submit an “engineer structural stability report” earlier than the order is lifted.

    SL Inexperienced is working to transform the previous workplace constructing right into a 680-unit residential property. Marc Holliday’s actual property funding belief has been looking to sell a 65 p.c stake within the property since late final yr.

    It’s been an anxious few weeks for office-to-residential builders, who’re dealing with elevated scrutiny after what happened on the former Pfizer HQ on July 7.

    That day, two metal columns collapsed at MetroLoft’s 37-story challenge at 235 East forty second Avenue, triggering evacuations and fears of a possible constructing collapse, which didn’t transpire. However, the town rapidly despatched constructing security inspectors throughout the 5 boroughs to conduct safety reviews of development websites.

    Final week, development work was paused at 222 Broadway, the place developer GFP Actual Property is changing the 32-story tower — former residence to Financial institution of America and WeWork — right into a luxurious residential constructing with practically 800 models. The continued halt is linked to points with a horizontal concrete beam on the roof; the developer maintains stability has by no means been compromised.

    Moreover, there was a partial stop-work order issued at Vanbarton’s 77 Water Street, which doesn’t seem to have been beforehand reported. That order, partially linked to certification points, was lifted days later.

    — Holden Walter-Warner

    Learn extra

    TYKO provides $280M loan for Vanbarton’s 77 Water conversion


    SL Green's Marc Holliday with 1350 Sixth Avenue, 245 Park Avenue and 750 Third Avenue

    SL Green eyes $2.5B in property sales


    Nathan Berman of MetroLoft with NYC DOB. Commissioner Ahmed Tigani and 235 East 42nd Street

    Building Department inspecting other construction sites after Pfizer Building debacle






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