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Office Conversion

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Jul 24, 2026
19:25Globes
Fear of Skyscraper Collapse in New York Highlights Risks of Office-to-Apartment Conversions
Real Estate

Fear of Skyscraper Collapse in New York Highlights Risks of Office-to-Apartment Conversions

The former Pfizer headquarters was recently at risk of partial collapse, leading developers and lenders to anticipate stricter safety inspections and rising insurance costs for future conversion projects.

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