Quote:
Originally Posted by wpipkins2
I thought the same thing about the apartment conversion. On the other hand, the former Alcoa headquarters is the process of being converted to apartments. Both buildings (Alcoa / US Steel) were built at the same time in the 1950's and have the same slim footprint.
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It is also pretty similar to the same-era former-Verizon Building down on Stanwix, which PMC already successfully converted to apartments.
I have no idea if anyone is actually going to be interested in doing that, of course. But given those other projects, the very good location, and what I have heard about the somewhat below-standard quality of the offices, it would seem like a possibility to me.
Edit: So as you might guess, the way that works is they do a lot of long skinny apartments with windows in only one side of one room:
Same deal in yet another PMC conversion in Pittsburgh, 526 Penn:
I gather they are not having a big problem marketing these, which kinda makes sense to me. Although more windows might be better, a renter may only really
need one room with the great view. And to the extent you may not be able to charge top-of-the-line rent, presumably doing it as a conversion means you are able to deliver pretty generous square-footage at a pretty low cost.