{"id":1004053209,"date":"2011-10-07T06:33:30","date_gmt":"2011-10-07T14:33:30","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=20051"},"modified":"2020-04-08T05:46:11","modified_gmt":"2020-04-08T13:46:11","slug":"manhattan-office-building-goes-residential-city-encourages-neighborhood-sustainability","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/manhattan-office-building-goes-residential-city-encourages-neighborhood-sustainability\/","title":{"rendered":"Manhattan Office Building Goes Residential; City Encourages Neighborhood Sustainability"},"content":{"rendered":"<p style=\"text-align: justify;\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify;\">As Manhattan\u2019s residential inventory is calling for more and more space, office building reconversion seems to be the best solution for developers. One such reconversion plan was filed with the New York State Attorney General\u2019s office by a subsidiary of Izaki Group Investments USA, reports <em>Crain\u2019s New York Business<\/em>.<em> <\/em><\/p>\n<p style=\"text-align: justify;\">The company paid $49.8 million for a 165,000-square-foot office building at<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/93-worth-st.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-20076\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2011\/10\/93-worth-st.jpg\" alt=\"google maps\" width=\"300\" height=\"162\" \/><\/a> 335-337 Broadway\u2014marketed as 93 Worth St,\u2014and plans to convert it into luxury housing and retail space. The project, to be designed by ODA-Architecture, is a 13-story building formerly occupied by city government offices. It will be redeveloped at roughly $320 per square foot and will include 90 apartments, six penthouses and 10,000 square feet of retail space. Doron Zwickel, executive president of CORE, the designated sales and marketing agent for this project, told<em> Crain\u2019s<\/em> that the apartments will range from studios to four-bedroom apartments with prices from $1,250 to $2,000 per square foot.<\/p>\n<p style=\"text-align: justify;\">Meanwhile, the <em>Brooklyn Daily Eagle<\/em> reports that New York City Mayor Michael Bloomberg has awarded 19 grants for community sustainability projects as part of the Change by Us NYC program, which was launched in July in an effort to encourage and create projects for improving the city\u2019s five boroughs and designing a sustainable future. The grants were divided into three categories: community gardening and agriculture, composting, and tree and park stewardship. The funding totals $15,000 and was provided by the Campaign for New York\u2019s Future and the Rockefeller Foundation. The list of projects can be found <strong><a href=\"https:\/\/www.nyc.gov\/portal\/site\/nycgov\/menuitem.c0935b9a57bb4ef3daf2f1c701c789a0\/index.jsp?pageID=mayor_press_release&amp;catID=1194&amp;doc_name=http%3A%2F%2Fwww.nyc.gov%2Fhtml%2Fom%2Fhtml%2F2011b%2Fpr334-11.html&amp;cc=unused1978&amp;rc=1194&amp;ndi=1\" target=\"_blank\" rel=\"nofollow\">here<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor<br \/>\nAs Manhattan\u2019s residential inventory is calling for more and more space, office building reconversion seems to be the best solution for developers. One such reconversion plan was filed with the New York State Attorney General\u2019s office [&#8230;]<\/p>\n","protected":false},"author":1269,"featured_media":1004507198,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004053209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manhattan Office Building Goes Residential; City Encourages Neighborhood Sustainability - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-office-building-goes-residential-city-encourages-neighborhood-sustainability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manhattan Office Building Goes Residential; City Encourages Neighborhood Sustainability\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor As Manhattan\u2019s residential inventory is calling for more and more space, office building reconversion seems to be the best solution for developers. 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