According to reports from the New York Business Journal, TPG, a San Francisco-based asset manager, and GFP Real Estate, a developer based in New York City, have announced plans to convert 222 Broadway in Lower Manhattan’s Financial District into 798 apartments. The project is estimated to cost $43.6 million.
The conversion will take advantage of zoning regulations that allow for approximately 600,000 square feet of residential space. However, about 40