What is the budget and commercial profile for the project “Adaptive Reuse Conversion of 1011 First Ave Office Building”?

Taiyo normalizes the budget of “Adaptive Reuse Conversion of 1011 First Ave Office Building” to USD 340000000.

Where can I verify the source and access all details for “Adaptive Reuse Conversion of 1011 First Ave Office Building”?

This Taiyo project page references Bloomberg along with the original URL (https://www.bloomberg.com/news/features/2025-08-12/a-340-million-new-york-office-makeover-is-converting-boardrooms-to-bedrooms). Taiyo standardizes official data into a consistent, searchable project profile.

Adaptive Reuse Conversion of 1011 First Ave Office Building

Q: What is the latest status of the project “Adaptive Reuse Conversion of 1011 First Ave Office Building”?

The status recorded for “Adaptive Reuse Conversion of 1011 First Ave Office Building” is under construction.

Sector: Residential • Location: New York City, New York, United States

Source: Bloomberg

Project

Under Construction

The former headquarters of the Archdiocese of New York at 1011 First Ave is being converted from office space into 15 luxury apartments by developer Vanbarton Group. The project involves stripping the floor down to concrete slabs and creating apartments with rents ranging from $4,000 to $20,000 per month. The entire Midtown property will be deconstructed to make way for a total of 420 luxury apart

Status: Under Construction
Sector: Residential, Cement, Commercial
Location: New York City, New York, United States of America
Updated: 22 Jul 2026
Source: Bloomberg

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Project Information

4 Q

The project “Adaptive Reuse Conversion of 1011 First Ave Office Building” is an infrastructure initiative in the Residential sector, located in New York City, New York, United States. Taiyo aggregates data on it from Bloomberg.

Participants

Not available for this record.

Status

Original status	under construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The former headquarters of the Archdiocese of New York at 1011 First Ave is being converted from office space into 15 luxury apartments by developer Vanbarton Group. The project involves stripping the floor down to concrete slabs and creating apartments with rents ranging from $4,000 to $20,000 per month. The entire Midtown property will be deconstructed to make way for a total of 420 luxury apartment rentals, including 105 affordable units, with amenities such as a gym, coworking spaces, a spa with a cold plunge pool, salt room, and vitamin C showers, and 8,000 square feet of retail space at the base.
Original sector	Built Sector
Budget

Location

Country	United States of America (USA)
State	New York
City	New York City

Source

Source	Bloomberg
URL

More Details

Record type	Project
Sector	Residential, Cement, Commercial
Article published date	2025-09-16

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