New York Adaptive Reuse Projects Reach Record Levels Despite Pfizer Building Structural Failure

By Tom Acitelli · Commercial Observer · 2026-07-21

Commercial Observer reports that New York City has emerged as the national leader in office-to-residential conversions, with approximately 70 active projects slated to deliver 20,000 apartments. Recent legislative shifts, including the 467-m incentive program and the City of Yes

Commercial Observer reports that New York City has emerged as the national leader in office-to-residential conversions, with approximately 70 active projects slated to deliver 20,000 apartments. Recent legislative shifts, including the 467-m incentive program and the City of Yes