​Billionaires’ Row Developer Buys Madison Ave. Office Tower For Condo Conversion – Tyler Durden

Billionaires’ Row Developer Buys Madison Ave. Office Tower For Condo Conversion Whether to tear down old office towers or convert them into multi-family residential structures involves a lot of consideration—including real estate values and zoning codes—and it’s important to note that some towers are not structurally supportive for conversion.  Developers have hired engineers to examine old towers across Manhattan and other boroughs to carefully determine which ones are the least expensive to convert office floors into apartments. A 24-story office tower at 655 Madison Ave. was slated for demolition months ago as Manhattan’s skyline was about to lose another historic mid-century building. This was halted after…  — Continue at ZeroHedge News : Read More