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Joey Chilelli - 2 Chilelli - 2 they'd - 1 They're - 1 Vanbarton - 1 Eric Adams - 1 Robert Fuller - 1 Fuller - 1
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Search resuls for: "Joey Chilelli"


2 mentions found


☆ Architects are cutting big holes in the middle of skyscrapers and adding more floors to turn empty NYC offices into apartments
  + stars: | 2023-09-10 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +8 min
A developer and an architect explain how they transformed NYC financial district office buildings. But some developers and architects have used the opportunity to lean into a business model they'd been pursuing long before COVID-19: turning empty office buildings into housing. They're currently finishing up their transformation of 160 Water Street, a 1970s office tower in lower Manhattan that will become 586 apartments. AdvertisementAdvertisementThe exterior of 160 Water Street, a former office building that's undergoing full reconstruction to create nearly 600 market-price apartments. Rent at 160 Water will range from about $3,500 for a studio apartment up to $7,500 for a two-bedroom.
Persons: they'd, They're, Vanbarton, Eric Adams, Joey Chilelli, Robert Fuller, Fuller, Lev Radin, Chilelli, — Organizations: Service, Vanbarton Group, New Locations: NYC, Wall, Silicon, York, Manhattan, New York
☆ The value of office buildings is sinking – but turning 'zombie' offices into apartments is harder than you think. Here's why.
  + stars: | 2023-07-14 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +4 min
About $800 billion may be wiped off the value of offices in major cities this decade, per McKinsey. Converting New York offices into residences is possible but has its challenges, Bloomberg reported. Buildings in the financial district are only eligible if they were built before 1977, while it's 1961 for Midtown structures, Chilelli told Bloomberg. Structural issues must also be considered, Chilelli told Bloomberg. Repurposing a structure can as much as double the price per square foot for a building, Chilelli said.
Persons: Joey Chilelli, Chilelli, Eric Adams —, Maria Torres, Springer, Michael Cohen, Jeff Bezos, Mukesh Ambani, Mukesh Ambani's, Danish Siddiqui, Lilla Smith, Macklowe Organizations: McKinsey, Bloomberg, Service, Vanbarton Group, Williams, Flatiron, Danish, Irving Trust Company, Sixth Locations: New York, Wall, Silicon, Midtown, Manhattan, Mumbai, Lower Manhattan, York
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