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Former New York Stock Exchange Building Will Become Luxury Rentals

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The project will create 521 apartments and five floors of retail

Plans for the conversion of the former New York Stock Exchange (NYSE) building at 20 Broad Street have now been unveiled, The Real Deal reports. Development firm, Metro Loft Management intends to convert the office building into 521 luxury rental apartments with five floors of retail. In addition, the developer will also add six stories to the existing 27-story building.

Metro Loft took control of the lease from Vornado Realty Trust for $185 million last December, but the terms of the lease are such that the NYSE can take back the building in 2081.

Coming back to the present, rentals in the converted building will vary in size from studios to three bedrooms — Metro Loft has announced that 200 of the total number of units will be studios.

Prices will start at $2,600 for a studio, and $6,500 for a three-bedroom.

Amenities in this CetraRuddy-designed building include a swimming pool on the 33rd floor and a rooftop lounge. Tenants are expected to move in towards the end of 2017.