Development sites are a rare find in Manhattan, so developers are looking more and more to conversions to satiate their desires to fill the island with new condos. Halstead Property Development Marketing reports that by the end of 2014, 25 rental buildings in Manhattan will have been reborn as condos. In the first six months of next year, eight more will join the club. 2013 saw 21 conversions, while 2012 had just 10. [TRD; previously]
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