What Goldman’s old HQ tells us about the real estate market

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Storied lender’s former headquarters in New York has been converted to apartments

The interior of an apartment conversion at the newly renovated 55 Broad Street building in New York's financial district. Photograph: Stephanie Keith/Bloomberg

So it is notable to see the former headquarters of Goldman Sachs, in the heart of New York’s financial district, has been changed to residential units. ‘One of my long-term goals would be to invest in art, which is something you can take pleasure in while you have it’This has potential ramifications for the Republic. Not all older office blocks can indeed be switched over to residential, but it shows that issues like the big floor plates of workplaces which are usually unsuited to switch easily to homes, can be dealt with.

Certain moves wouldn’t always be possible under Irish building codes. Many of the apartments have rooms marketed as home offices that have no natural light. That deals with the large floorplate issue but wouldn’t necessarily be possible here.

 

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