McGraw-Hill Building Undergoing Partial Residential Conversion
A partial residential conversion of the landmarked McGraw-Hill building located at 330 W. 42nd St. in Midtown Manhattan will add 224 luxury rental apartments on the tower’s upper floors. Resolution Real Estate Partners, which previously completed a $120-million renovation of the Art Deco office property, is overseeing the $100-million conversion on behalf of owner Deco Tower Associates.
“The McGraw-Hill building is perfectly suited for this type of conversion, with its incredible ceiling heights, access to natural light and open interior floor plans — not to mention a truly iconic presence on the city skyline,” said Gerard Nocera, managing partner, Resolution Real Estate Partners.
The project is aiming for completion in the second quarter of 2024. Office leasing discussions are ongoing and residential leasing is expected to begin in the spring of 2024. The 650,000-square-foot-building was once home to McGraw-Hill Publishing Company and became a National Historic Landmark in 1989.