Inside New York City’s Largest-Ever Office-to-Residential Conversion
Abstract
The fluted limestone tower of One Wall St. is the largest office-to-residential conversion in New York City history. Macklowe Properties is seeking a $1 billion debt package to refinance the former office tower. Construction is still underway, not that you can tell. The Red Room is both a relic of a glittering bygone era in New City real estate and a selling point for prospective buyers. A 3-bed/3.5-bathroom is listed for almost $100,000. The building is listed on One Wall Street’s website for nearly $10,000,000 and a private health club is listed toiled away toiling away at the details of the conversion. As of now, Whole Foods and Lifetime Fitness have signed leases at the site. A private pool is located on the 38th floor (a rare feat for any developer) And, the gold standard for any NY City apartment, laundry in the building is located in the Building is also open to the public. .
