Resolution Real Estate has revealed plans for a partial residential conversion of the McGraw-Hill Building, a 33-story landmarked tower at 330 West 42nd Street in Midtown, Manhattan. The announcement comes on the heels of the firm’s recent completion of a major renovation of the building’s commercial spaces. MdeAS Architects is leading the office and residential conversions, with SLCE Architects designing all apartment layouts.
Resolution Real Estate is overseeing the project on behalf of owner Deco Tower Associates. Total project costs for the conversion are estimated at $100 million.
“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. “With more people seeking apartments designed with live-work trends in mind, the new residences at 330 W 42nd Street will deliver just that, and we look forward to welcoming residents in 2024.”
The residential component will feature 224 rental apartments, with floor plans that range from studios up to spacious two-bedroom spreads. The building’s high ceiling spans, oversized windows, and large floor spans will provide the loft-style homes an abundance of natural light and views of the Midtown skyline.
The project team has not specified the provision of amenity spaces, which will occupy the top floors of the building.
Corcoran New Development is serving as the exclusive marketing and leasing team for the residential portion. The conversion is expected to be completed in the second quarter of 2024, when leasing is also slated to launch. Office leasing discussions are ongoing.
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I always regret what was done to the lobby of this building in the past—it was a treasure.
Return to the lobby to its original state! Anything else is an act of criminal vandalism.
Housing conversion is the perfect solution for a famous and iconic early modern skyscraper.
I just can’t imagine living in that area.
Those hotels across from port authority in the rendering are god awfully ugly!!