By Riggs Kubiak
It’s no secret that New York City has limited space and a high price tag, but builders are getting resourceful with their projects. Conversion is the new age of development, and New York City builders are taking advantage of existing structures to bring them to another level of extravagance.
How are they doing this? Using creativity and flexibility, builders are turning existing structures into luxurious condos. BACC Builders, for example, took the landmark Upper East Side Manhattan House and transformed it into two, three and four-bedroom luxury condos.
Manhattan House is in an ideal location, with access to local shops and Central Park, and BACC recognized the high-end units would be particularly sought-after by families and first time homebuyers in the metropolitan area.
COO of BACC, Michael Bacchetta explains, “Sometimes you have to work with the limitations of pre-existing conditions when it comes to converting spaces but most of the time you can make it work.” In the case of Manhattan House, BACC employed the highest level of workmanship, and acquired the best quality of products available, to revitalize this classic and compelling Manhattan landmark.
When approaching conversion projects, there are several factors to keep in mind:
- Partner with developers and real estate professionals who share your vision.
- Location is key – always scope out the surrounding areas to be sure the project will be worth your time and effort.
- Limitations may be present with pre-existing structures, but innovation and flexibility will allow builders to be successful.
- Conversions can save time, money and resources.
In New York City, building up and out can be difficult and extremely costly. If a building is structurally capable and has the potential to be transformed however, the savings may be worth it.
Riggs Kubiak is the CEO and founder of Honest Buildings (HB), the world’s leading connection engine for real estate projects. From architects to engineers, contractors to technology experts, HB helps professionals find and meet the perfect people for their real estate projects, fast. With an innovative suite of products and nearly $350 million in deal flow to date, HB is changing the way real estate connections are forged.