PRESS
Pearl House, City’s Largest Office-to-Residential Conversion, More Than Half Fully Leased
After opening its doors in late 2023, Pearl House has officially surpassed 50 percent leased. The city’s largest office-to-residential conversion to date, yield 24 stories with 588 units and 30,000 square feet of amenities.
This is the largest office to rental apartment conversion in New York City so far
CNBC’s Diana Olick reports from New York City’s largest office to residential conversion project.
60 Minutes on office conversions
In this video, 60 Minutes highlights the challenges with office to residential conversions in lower Manhattan.
Here’s How to Solve a 25-Story Rubik’s Cube
Converting commercial space to residential is a difficult puzzle to solve. This article dissects the key challenges CCM has been overcoming in the process of commercial to residential conversions.
Mayor Adams intensifies calls for offices to be converted into apartments
Mayor Adams toured an in-progress CCM conversion, in a push to enact legislation converting offices to residential space. CCM’s 160 Water St., a 24-story high-rise undergoing conversion to residential, was one of the sites Adams visited.
Vanbarton Group Lands $273M Loan for NYC Conversion
A Brookfield affiliate provided the funding for this Financial District project.
Field Condition tours 20 Broad
Construction is wrapping up at Metro Loft Developers’ 20 Broad Street office-to-residential conversion in the Financial District. The 1956 tower served as the New York Stock Exchange headquarters before the recent conversion and expansion into a residential rental building. CetraRuddy has led the renovation of the 29-story tower, which will offer 533 units ranging from studio to two-bedroom.
Moinian Lands $132M in financing for 2 Washington Street
The Moinian Group scored some new financing for its tower at 2 Washington Street in the Financial District, which is undergoing a partial residential conversion.
Square Mile Capital is providing Moinian with $131.5 million in financing for the work at the 31-story North Building in the two-building, mixed-use complex called 17 Battery Park, according to a new city filing.
Unique Expertise
Collaborative Construction Management (CCM) was founded in 1997 with the idea that successful results are achieved by combining creativity, craft and commerce.
Twenty-one years later, the New York City-based company has earned a reputation in the industry as a pioneer of adaptive reuse. CCM has converted 37 former commercial properties – nearly 8 million square feet - into more then 7,600 residential units.
Field Condition tours
aka. Wall Street
Completed in 2016, the aka. Wall Street property is toured by Field Condition, highlighting the unique historic restoration and conversion of this new boutique hotel.
Raising the Roof in the Big Apple
180 Water Street, "Top of the House", New York City, Collaborative Construction Management’s 60,000 square foot steel and glass addition to this 500,000 square foot 1970’s structure is highlighted by one of its sub-contractors in Connections Magazine.