Real Estate
NYC Developer Vanbarton Plans to Convert Archdiocese Office to Apartments
- Vanbarton buying First Ave. tower for more than $100 million
- More developers are pursuing office-to-residential projects
The Archdiocese of New York’s headquarters has been located for decades at 1011 First Ave., a 20-story tower between 55th and 56th streets.
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Manhattan-based developer Vanbarton Group is planning to transform the Archdiocese of New York’s headquarters building into rental housing.
Vanbarton has agreed to purchase the property at 1011 First Ave. in Manhattan from the archdiocese for more than $100 million, according to people familiar with the matter who asked not to be named discussing private details.