25 Water Street in Manhattan, now transformed into SoMA, signifies a major trend in real estate conversions, resulting in 1,320 new apartments from former office space. Co-developed by GFP Real Estate and Metro Loft, this project highlights how the pandemic has catalyzed the shift toward residential living as many offices remain vacant. The founder of Metro Loft emphasized the importance of such conversions in addressing obsolescence in commercial real estate, signaling a new phase in urban architecture that prioritizes housing over traditional office layouts.
Converting obsolete office buildings into residential spaces not only answers the housing crisis but also removes millions of square feet of vacant office space.
The transformation of 25 Water Street, now SoMA, reflects a growing trend in urban development, responding to shifts in work habits and housing demand.
Collection
[
|
...
]