The Woolworth Building. Photo courtesy of angela n.
While DC residents feel lofty in units on the sixth floor, some lucky (and wealthy) New Yorkers will eventually be living 57 stories up in one of Manhattan’s most iconic buildings.
The tower of the Woolworth Building, one of the oldest skyscrapers in the country, is being converted into luxury condos, reported The New York Times recently.
The top 30 stories of the 57-story building will be turned into 40 residential units, with one five-level penthouse. Developers Alchemy Properties are targeting an extremely wealthy customer. According to sources interviewed by the Times, the price per square foot could reach as high as $3,000. The scheduled completion date is 2015.
The Lower Manhattan skyscraper has an old fashioned, neo-gothic look, and was the tallest building in the world when it went up in 1913. As the name indicates, it was owned by Frank Woolworth and was the headquarters of the Woolworth Company, famous for their five-and-dime stores; other tenants have included Columbia Records and NYU’s School of Continuing Studies. The lower floors will continue to be rented out to office tenants.
This article originally published at http://dc.urbanturf.com/articles/blog/woolworth_buildings_tower_to_become_condos/5891
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