4 ms·
This looks like the episode of OddLots you're talking about: https://www.bloomberg.com/news/articles/2023-07-07/what-it-actually-takes-to-turn-an-office-buildi
by pimlottc 3y ago
This looks like the episode of OddLots you're talking about:
https://www.bloomberg.com/news/articles/2023-07-07/what-it-actually-takes-to-turn-an-office-building-into-apartments https://www.bloomberg.com/news/articles/2023-07-07/what-it-a...
They talk about converting 180 Water St by adding an internal atrium; it's also one of the conversions illustrated in the recent NYT article about the difficulties of office-to-residential conversions:
https://www.nytimes.com/interactive/2023/03/11/upshot/office-conversions.html https://www.nytimes.com/interactive/2023/03/11/upshot/office...
- tholman 3y ago- [1] Bloomberg Article https://archive.is/eTpi5 https://archive.is/eTpi5 - [2] NYT Article https://archive.is/fUtnl https://archive.is/fUtnl
- dc_rog 3y agoRelated article from the prior day: https://www.bloomberg.com/news/articles/2023-07-06/why-converting-new-york-city-offices-to-apartments-is-so-complex https://www.bloomberg.com/news/articles/2023-07-06/why-conve...
- rexf 3y agoThe NYT article does a really good job explaining the difference between converting a prewar and a modern building. Also, TIL about loss factor: > As offices, these buildings can also rent 100 percent (or even more) of their total square footage, according to the quirky math of commercial real estate. https://therealdeal.com/magazine/new-york-february-2014/lies-in-size/ https://therealdeal.com/magazine/new-york-february-2014/lies...
- spjwebster 3y agoA well-known UK startup, renting an old building just outside of London, is (or was, as of a few years ago) paying square footage cost for an entire floor that doesn't exist. The previous occupants - a government department - had the floor removed to make for higher, grander internal ceiling heights.
- Nasrudith 3y agoSounds a bit quirky but makes some sense as a reckoning if 'footage' assumes a standard height.
- shagie 3y agoNYT article - gift link https://www.nytimes.com/interactive/2023/03/11/upshot/office-conversions.html?unlocked_article_code=8mhQG4SZweGJXJpa6Cg9Pipr1P8_bZ0xzPBD2Fjd74fCWTkdSbAWMGkYdOZTpOnJrcMVPkjoiloPvdGcPTzwjq19xcsqvkSWj4oCJ6-ckABzWen9dz7ssjF5W2EoRImFruZvf9aKmi56Ax10qfhIKOTYlmAONB7cs1zEIEmMF3SCQuhxue6akIcEJPG0_gxhKpzRcwMUfjYKVWhjhGlAVGS0j_frMCmh1B43z9WdQzGNs_mpq9o93iNE69WubkO4TzRKKndJtXmCAnJWM4BF_ZV_YjC01PGr4_f3WcWSWzj-X8G4j2CfNKnWB0bF3AJ7vB5qyKXjkoxxkbqofXsCwtylQc0sdRD58AFq&smid=url-share https://www.nytimes.com/interactive/2023/03/11/upshot/office... (The interactive nature doesn't quite get captured by archive correctly)
- rjtavares 3y agoThank you. You are right, that version is a lot better.