One Wall Street Serves as Test Case for Other Office Conversions Post-COVID

They say those who can’t remember the past are doomed to repeat it. But for Harry Macklowe, One Wall Street’s past allowed him to reinvent it. Macklowe bought the Art Deco former office tower for $585 million from Bank of New York Mellon Corporation in 2014. Seven years, a pandemic and millions of dollars later, the octogenarian has mostly wrapped construction on the 1.17 million-square-foot property’s 566 condominiums, just in time for one of the biggest pushes for office-to-residential conversions in the past 20 years.