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NYC Unveils Plan for 16,358 Office-to-Residential Conversions

4/3/2026

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Summary

Story summary

New York City plans 16,358 office-to-apartment conversions for 2026, nearly doubling last year.
The Candler Building at 222 W. 42nd Street will become 176 residential units.
The surge follows relaxed regulations from city officials to address the housing shortage.
Approximately 12,000 new units are planned for lower Manhattan, including 680 rental units at 750 Third Ave.
Experts say these conversions create housing and stimulate local economies.

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Story summary

New York City plans 16,358 office-to-apartment conversions for 2026, nearly doubling last year.
The Candler Building at 222 W. 42nd Street will become 176 residential units.
The surge follows relaxed regulations from city officials to address the housing shortage.
Approximately 12,000 new units are planned for lower Manhattan, including 680 rental units at 750 Third Ave.
Experts say these conversions create housing and stimulate local economies.