Here now, today's good news/bad news situation. Good news: another telephone company building is headed for (partial) conversion into residential space, which can only be a good thing after the success of Walker Tower. Potentially bad news: the developer doing the conversion is Magnum Real Estate Group, helmed by the one, the only Ben Shaoul. Crain's has a few details on the partial conversion of 140 West Street.
The building, which was severely damaged on 9/11, currently belongs to Verizon, which is keeping the first 10 floors. (About 1,100 Verizon employees will need to be relocated to other offices.) The only specifics about the rest of the building, the future residential portion, come from a Verizon statement: "We are pleased to continue to move forward with the conversion of our building on West Street from a traditional telecommunications hub to a multipurpose building that will contribute meaningfully to the city's long-term vision for a vibrant World Trade Center neighborhood."
· Top 21 floors of Verizon Building sold for condos [Crain's]
· Ben Shaoul coverage [Curbed]
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