Top Floors of Woolworth Building to Be Remade as Luxury ApartmentsBreaking News
The Woolworth Building is about to have another defining moment. The uppermost floors of the neo-Gothic tower that once stood as the world’s tallest skyscraper will be turned into about 40 luxury apartments as part of a $68 million deal made final last week. Only if the Chrysler Building or Empire State Building were to be remade into condominiums could buyers hope to live in a more iconic New York tower.
An investment group led by Alchemy Properties, a New York developer, bought the top 30 floors of the landmark on July 31 from the Witkoff Group and Cammeby’s International, which will continue to own the lower 28 floors and lease them as office space.
The agreement promises to reinvent the tower — telescoping up at 233 Broadway between Park Place and Barclay Street — as one of Manhattan’s most sought-after addresses, adding yet another chapter to the history of this Cass Gilbert-designed monument to Frank W. Woolworth and his five-and-dime empire. The building, which cost Woolworth $13.5 million in cash, was completed in 1913 and remains a signature element of the city skyline....
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