Landlords buzzing about 150 William St. after – Business News
News that the workplace building at 40 Fulton St. is to be offered for residential conversion had landlords and brokers buzzing over two questions: Which obsolescent FiDi workplace building is subsequent? And what’s happening at close by 150 William St.?
One mammoth conversion was just lately accomplished at 25 Water St. and one other’s underway at 222 Broadway. There’s additionally deliberate or proposed ground-up residential construction at a number of main vacant websites. Among them is 75–83 Nassau St., a long-vacant lot that simply offered to a three way partnership which plans a largely residence tower.
150 William St. was listed for $200 million final August, however there hasn’t been a peep about it since then. William Farrington/NY Post
150 William St. is a 20-story construction in-built 1927 with more than a half million sq. ft. William Farrington/NY Post
But eyes are additionally on 150 William St. — a 20-story, 1927 construction with more than a half million sq. ft. KF Braun Management, which is advertising and marketing the property for reclusive proprietor Moses Marx, listed it for $200 million final August, however there hasn’t been a peep about it since then.
The metropolis’s Administration for Child Services plans to maneuver from 150 William St. later this yr, which is able to go away the building largely vacant. William Farrington/NY Post
The metropolis’s Administration for Child Services plans to maneuver to close by 110 William St. later this yr, which is able to go away 150 William largely vacant. Discount store LotLess stays, however one other massive retail space has been darkish for years.
“It doesn’t look pretty right now, but it would be a great prospect for apartment conversion,” an space broker mentioned. “The location’s fantastic – halfway between the World Trade Center and the Seaport and even closer to 130 William,” the extremely profitable new rental tower.
