Gensler is pursuing an office-to-residential conversion of the former Pfizer Corporation headquarters at 229 East 42nd Street in Manhattan. The project will yield approximately 1,600 units (25% of which are affordable) with 100,000 square feet of amenities space. It joins the Pearl House conversion and other projects that will deliver at least 5,000 residential units in the New York market alone once completed.Office-to-residential conversions are anticipated to reach record highs in 2025.Gensler principal Robert Fuller says: "Conversions offer the promise of helping to transform more areas that were historically centralized business districts into vibrant, 24/7 neighborhoods. Although there has been a big focus on conversions in recent years, it really is not a new concept. New York City has a long history of repurposing outdated buildings to create new housing. We envision a future where office conversions in Midtown and the Financial District hold a similarly cherished place in...