Can Office-to-Residential Conversions Survive the Pfizer-Building Crisis?

Berman is famous in the real estate world for bringing cheap conversions to New York City. The Pfizer conversion used almost no organized labor, which did not make the unions happy. The carpenters’ union deployed a truck to the area with an electronic readout sign: “Crime Scene,” “1,600 residential units at risk due to cutting corners.”

Can Office-to-Residential Conversions Survive the Pfizer-Building Crisis?
Can Office-to-Residential Conversions Survive the Pfizer-Building Crisis?

Berman is famous in the real estate world for bringing cheap conversions to New York City. The Pfizer conversion used almost no organized labor, which did not make the unions happy. The carpenters’ union deployed a truck to the area with an electronic readout sign: “Crime Scene,” “1,600 residential units at risk due to cutting corners.”

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