In December, Mayor Eric Adams and Gov. Kathy Hochul announced a plan to address the needs of post-pandemic New York by creating mixed-use neighborhoods in central business districts to draw more residents, businesses, and tourists. The plan advocated for the much-discussed idea of converting vacant office buildings into homes, a solution that tackles both the city’s housing crisis and lagging retail growth by making zoning laws more flexible. On Monday, Adams announced a list of specific recommendations for converting underused offices into 20,000 homes for 40,000 New Yorkers over the next decade.
55 Broad Street
Streetview of 55 Broad. © Google 2022
As many of New York City’s workers remain remote and office vacancy shows no signs of reversing, many have suggested the city’s empty offices be used for living. In one of the largest office-to-residential conversions to be launched during the pandemic, two local developers have purchased the one-third vacant 55 Broad Street with the intention of creating 571 market-rate apartments, the Wall Street Journal reports.
We recently brought you parts one and two of our tallest residential skyscrapers series, which totaled 63 projects poised to scrape the sky. But this list doesn’t even take into consideration the development boom occurring in Jersey City, unreleased plans on the drawing board, and the numerous office and hotel projects also rising throughout the city. So here you have it, part three of the series to complete our look at NYC skyscrapers.