The developer of 10 Jay Street has dropped plans to convert the office building into high-end condos as the Real Deal reports.
The development firm is keeping the aesthetics with the sugar crystal-inspired facade on the building’s Manhattan-facing waterfront side, but instead of converting the warehouse to 46 condos, it will now market the building’s approximately 200,000 square feet for office and retail uses, principal Yaniv Blumenfeld told The Real Deal.
Blumenfeld has credited market trends for the decision, saying, “The more the neighborhood is becoming residential, the more attractive it becomes for commercial tenants.”
