Unstable NYC building case may make converting offices into apartments harder
Summary
A building in midtown Manhattan was recently unstable and faced possible collapse. This situation might make it more difficult and expensive for developers to change office buildings into apartments in the future.Key Facts
- The building in midtown Manhattan was unstable and at risk of collapsing.
- The problem has raised concerns about converting office buildings into apartments.
- Developers may face more challenges when trying to do these conversions.
- Insurance costs for such projects could increase.
- Neil Osnato, an expert, discussed these impacts on a CBS News segment.
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