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Fortune
Fortune
Catherina Gioino

'Failures happen during construction': Office-to-residential conversions are all over NYC, but failures usually get fixed before they get worse

(Credit: Michael Nagle/Bloomberg via Getty Images)

The building at the center of this week’s Midtown scare is the former Pfizer world headquarters at 235 East 42nd Street: a 33-story tower built in 1960 that, alongside its neighbor at 219 East 42nd, is being converted by Metro Loft and David Werner Real Estate Investments into roughly 1,600 apartments, the largest office-to-residential conversion in U.S. history.

On Tuesday morning, the FDNY received reports of bricks falling from the building; inspectors found two support columns buckling on the 21st floor and floors sagging up through the 26th. Nine surrounding buildings were evacuated, a “frozen zone” was established from First to Third Avenues, and by Tuesday night, crews had begun installing emergency shoring. No injuries were reported. Metro Loft’s Nathan Berman attributed the buckling to added weight from new floors; while the site had racked up seven DOB violations and roughly $15,000 in fines over the past year for falling debris.

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