Close Menu
    Trending
    • Fannie, Freddie Slash Financing After Mamdani’s Rent Freeze
    • Progressive Gains in Albany Spell Trouble for Landlords
    • NY Pols, Industry Bring Big Housing Hopes at Somos
    • What The “Blue Wave” Could Mean For Compass
    • MetLife Grows Again at Namesake Manhattan Building
    • Bushburg Buying 60 Wall Street For $400M
    • Atlas Capital Snaps Up Hell’s Kitchen Multifamily For $142.5M
    • Ziel Feldman’s UES penthouse heads to foreclosure auction
    WorldEstateUSA
    • Home
    • Real Estate
    • Real Estate News
    • Real Estate Analysis
    • House Flipping
    • Property Investment
    WorldEstateUSA
    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
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    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 The spokesperson added there have been “no structural points” and that the agency was seeking to get the order rescinded.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






    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTrump Envoy Paolo Zampolli Faces Rental Heat at Townhouse
    Next Article Landmarks Approves Untied American Land’s 277 Canal Street
    Team_WorldEstateUSA
    • Website

    Related Posts

    Progressive Gains in Albany Spell Trouble for Landlords

    November 7, 2026

    NY Pols, Industry Bring Big Housing Hopes at Somos

    November 7, 2026

    MetLife Grows Again at Namesake Manhattan Building

    November 6, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    T&E Development Buys West Chelsea Site for $34M 

    August 27, 20263 Views

    Strategic Updates Unlock Strong Returns

    June 9, 20261 Views

    REBNY Taps Fried Frank’s Jonathan Mechanic as Next Chair

    June 23, 20262 Views

    Parents Hit Back at Daughter in Haruvi Family Chaos

    July 27, 20262 Views

    NYC Investment Sales Market Shrugs Off Challenges

    July 23, 20263 Views
    Categories
    • Property Investment
    • Real Estate Analysis
    • Real Estate News
    Most Popular

    Rudin Finishes Filling 345 Park With 70K SF Lease

    August 11, 202644 Views

    5 Types of Mobile Homes Investors Should Avoid Buying

    December 10, 202526 Views

    Tony Malkin Faces Activist Investor at the Gates

    October 7, 202622 Views
    Our Picks

    Alleged Queens Rental Scammer Dodges Accountability

    June 18, 2026

    NYC’s Top Commercial Real Estate Loans In May 2026

    June 30, 2026

    Menin Debuts Library-Based Affordable Housing Initiative

    June 11, 2026
    Categories
    • Property Investment
    • Real Estate Analysis
    • Real Estate News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Worldestateusa.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.