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Tower 57 Office-to-Residential Conversion

Sector: Road • Location: New York, United States

Source: 6sqft

Project
Planned

TF Cornerstone plans to convert Tower 57, a 32-story office tower at 135 East 57th Street in Billionaires' Row, into 350 apartments. The conversion includes 25% affordable units for households earning 80% of the area median income. The project will utilize the state's 467-m tax incentive program and new zoning tools from the City of Yes housing plan.

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Project Information

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The project “Tower 57 Office-to-Residential Conversion” is an infrastructure initiative in the Road sector, located in New York, New York, United States. Taiyo aggregates data on it from 6sqft.

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Participants

Sponsoring Agency

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Status

Original status

planned

Taiyo status

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Taiyo last update

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Contact

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Email

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Address

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Description

Description

TF Cornerstone plans to convert Tower 57, a 32-story office tower at 135 East 57th Street in Billionaires' Row, into 350 apartments. The conversion includes 25% affordable units for households earning 80% of the area median income. The project will utilize the state's 467-m tax incentive program and new zoning tools from the City of Yes housing plan.

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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