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Real Estate

NYC’s Biggest Condo Conversion Bets on Downtown Luxury Revival

  • Macklowe Properties’ One Wall Street tower will have 565 units
  • Project is in Financial District’s most office-centric area
A bedroom view at One Wall Street.
A bedroom view at One Wall Street.Source: Macklowe Properties

A lot is riding on Harry Macklowe’s latest Manhattan condo development. 

His firm is working on New York’s largest-ever conversion of an office tower to housing, with 565 luxury units at One Wall Street, a block from the New York Stock Exchange. It’s a big sales task to handle in any era, let alone amid a global pandemic that’s tarnished the appeal of going to the office -- or living in an area filled with them.