A charming piece of prewar history gave its life for yet another monolithic glass residential box. Owner VS 125 LLC is making headway on its 72 story skyscraper, as construction has moved past the fourth floor and construction crews prepare work on the 5th floor. Only 67 stories to go!
Yet another massive commercial to residential conversion is underway in the Financial District, although the trend of conversions is nothing new. Perhaps the most remarkable of them all the Woolworth Building conversion, offering multi-million dollar condos carved out of marble (no affordable options).
PTAC, or Packaged Terminal Air Conditioners, have become a scourge among those with an eye for architecture. As New York continues to build unabated, our skyline, and PTACs, have experienced uninhibited growth.
PTACs are an inexpensive way to heat and cool a room, or multiple rooms as the case may be. They avoid the cost of central air and heat, which can be extraordinary. Just think of all the duct work, lost interior space, massive heating and cooling units, and maintenance required to heat and cool a large highrise. PTACs slice those costs into smithereens. PTACs cost less than $1,000 per unit, and more often in the range of $300-$600 per unit. Also, if one unit breaks, the loss doesn’t take the entire building offline. Further, such units are often found in affordable buildings, but they have crept their way into luxury buildings as well.