Recent comments in /f/nyc

grambell789 t1_ja8a857 wrote

lots of the old buildings in fidi had smaller floor plans so it was easier to make residential rooms with windows to the outside. Newer office floor plans are much bigger and depend on mechanical ventilation. it will be interesting how they use those spaces in residences. Not saying its not possible, there are challenges.

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GVas22 t1_ja88axf wrote

Did you read the article? I don't see any of these responses as "whining".

Developers got asked why they haven't converted office buildings and the responses are:

  • Building code requires large overhauls in the buildings structure that would be costly. Especially with the large increase in interest rates, finding funding for these projects is much more difficult now.

  • Residential conversions are not something they are experienced in and would most likely need to outsource the job or sell the building.

  • And the biggest one, even if they wanted to convert they legally are not allowed to because of zoning laws and need the government to step in to rezone districts.

Giving, in my opinion, legitimate reason on why these conversion haven't happened yet is not developers crying about people not coming back to the office.

8

TheAJx t1_ja87nsd wrote

> I think the long-term goal is to make midtown less shitty by having it become more residential, somewhat similar to the financial district.

The goal is really to build houses where there is capacity to do so. 25 year olds don't have a problem catching a cab or taking the bus/subway to go wherever they want to go. I'm sure many of them would jump on the opportunity to live somewhere with more space or lower rents and still be close to all of Manhattan's amenities. When i was 25 years old the distance of places wasn't really much of an obstacle to me.

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Strawbalicious t1_ja87lz9 wrote

I think the bigger issue more than leases, is building codes. In converting most office buildings into residences, you'd have a lot of rooms and even whole units without any windows on the inside of the building. The city would need to give special exception building permits to let that go through.

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TheAJx t1_ja87f9f wrote

I'm sure 20 years ago a lot of people though Financial District sucks and that no one would want to live there either. Since then, the population has exploded from 20K to 60K.

People will live there if there is affordability. The same thing happened with Fidi, which consistently had lower rents and housing prices than the rest of lower Manhattan.

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-wnr- t1_ja874bo wrote

It's not as easy as owners just deciding to do a conversion. The article discusses some real challenges that stand in the way. Even buildings with a lot of vacancy still have some long term commercial tenants still on lease, or a company with no experience with conversions may look to sell to someone who does, or zoning changes might be needed first. There's a lot of things that takes time and bog down the process.

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