Top Floors of Woolworth Building Sold, Will Have New Life as Condos
The Woolworth Building, a New York City landmark and icon, may soon see its top 30 floors developed as luxury condos, according to a report by Michelle Higgins in the Times.
Developer Alchemy Properties led the investment group that bought the floors last month from Steve Witkoff’s Witkoff Group and Ruby Schron’s Cammeby’s International. The Commercial Observer had previously reported that a sale was in the works.
The deal was for $68 million, according to the Times report, and paves the way for renovations of approximately $150 million that would yield 40 luxury apartments at the 233 Broadway building. The renovated condos should be done by 2015—so start saving.