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New York & Tri-State  + Downtown New York  + Office  | 
Downtown's 55 Broad St. to be Converted into Residential

Downtown’s 55 Broad St. to be Converted into Residential

A venture that includes Silverstein Properties and Metro Loft has bought the office building at 55 Broad St. in Lower Manhattan’s Financial District, now standing one-third empty, and will be converting the offices into residences, according to the Wall Street Journal.  

The group has agreed to pay $180 million for the 30-story tower that opened in 1967 and has formerly been the home of many technology and brokerage tenants, WSJ reported.  

Silverstein Properties and Metro Loft plan to convert the building into 571 apartments that will be priced at market rates, ranging from studios all the way to large three-bedroom apartments. 


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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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