Business7/30/2026•CNN

New York City has paused construction at several office-to-apartment conversions since Pfizer tower structural problems | CNN Business

New York City has paused construction at several office-to-apartment conversions since Pfizer tower structural problems | CNN Business

New York City is counting on office-to-apartment conversions to help relieve its housing shortage. But after structural problems earlier this month threatened a partial collapse at one of the city’s largest such projects, regulators have intensified scrutiny. Since then, three more Manhattan office conversion projects have been ordered to partially pause or halt construction this month over issues ranging from missing paperwork to cracks in concrete beams. Most recently, inspectors from New York City’s Department of Buildings issued a partial work stoppage this week at 750 Third Avenue after finding unapproved modifications to several steel columns in the building, according to an online database from the agency. The 34-story office tower, built in the 1950s, is undergoing a conversion into roughly 678 apartments, according to its architect, Gensler. The project is located not far from the former Pfizer headquarters on East 42nd Street, where structural columns buckled and floors sagged on July 7 during its conversion into roughly 1,600 apartments. The incident prompted city officials to evacuate several surrounding buildings and reroute nearby bus lines over fears of a partial

Source: For the complete article, please visit the original source link below.

Source: CNNEnhanced summary
Share:

Related Articles

Shein’s long-awaited market debut in Hong Kong disappoints as headwinds mount | CNN Business
💼 BusinessAug 31•1 min read

Shein’s long-awaited market debut in Hong Kong disappoints as headwinds mount | CNN Business

‘This is an all-out war’: Inside the casino industry’s fight to stop prediction markets | CNN Business
💼 BusinessAug 30•1 min read

‘This is an all-out war’: Inside the casino industry’s fight to stop prediction markets | CNN Business

Trump is letting in 300,000 tons of beef duty-free. Don’t expect cheaper burgers | CNN Business
💼 BusinessAug 29•2 min read

Trump is letting in 300,000 tons of beef duty-free. Don’t expect cheaper burgers | CNN Business

‘Winter panic’: EU gas stores at their lowest level in 13 years
💼 BusinessAug 29•2 min read

‘Winter panic’: EU gas stores at their lowest level in 13 years

States can regulate prediction markets as gambling, federal appeals court rules | CNN Business
💼 BusinessAug 28•1 min read

States can regulate prediction markets as gambling, federal appeals court rules | CNN Business

US Federal Reserve’s Kevin Warsh warns there will be ‘work to do’ unless high inflation eases – as it happened
💼 BusinessAug 28•1 min read

US Federal Reserve’s Kevin Warsh warns there will be ‘work to do’ unless high inflation eases – as it happened