The building’s future as housing began to take shape this week when the Brodsky Organization, a residential developer, bought a stake in the 22-story, triangular-shaped tower on Fifth Avenue. Brodsky will lead the conversion, carving out units — either for sale as condominiums or as rentals — from the notoriously awkward space.
The exact layout and the number of new residences have not been determined.
— The New York Times
The project will take about three years to complete once plans finally clear the lengthy approval process. Developers told the New York Times they are considering multiple schemes but have yet to determine the total number of residential units the conversion will create.
The saga began with a botched auction sale in March and has implications as the Flatiron, which was one of New York’s first skyscrapers, is now the most historically significant structure included in the city’s push to create 40,000 housing units out of its existing office stock by the end of the decade.
4 Comments
I do like wondering what might be done with that corner. Above, typical floor plan 1903.
This is a great candidate for conversion - a small and shallow floorplate that's not great for modern offices, a prime location, spectacular views, a powerful brand ...
with all those interior connected rooms it already reads as residential.
Was that the solution to fire safety at the time? Only one stair and sprinklers answered with two exits from every room?
(Josh Jackson: nautical2k at https://www.flickr.com/photos/62614925@N00/252930243)
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