Reshaping Manhattan: Major Office-to-Residential Projects
As office vacancy rates rise and housing demand grows, Manhattan is addressing these challenges through office-to-residential conversions. This trend is revitalizing the Financial District and surrounding areas, turning underutilized spaces into vibrant homes. Projects like 25 Water Street, the largest office-to-residential conversion in U.S. history, and One Wall Street exemplify how historic and modern office buildings are being repurposed to meet housing needs while preserving New York’s architectural legacy.