Construction on Woolworth Tower Residences wrapping up

Construction on Woolworth Tower Residences wrapping up

Commercial Observer September 20, 2018

Major construction at Woolworth Tower Residences is set to wrap up in early December, according to the general contractor on the site, though buyers who have inked contracts for luxury condos will likely have to wait longer to close on their units.

CNY Group, which is managing the conversion of the top 30 floors of the landmarked building on lower Broadway for developer Alchemy Properties, said it aims to get a temporary certificate of occupancy before the end of the year, ideally in the first week of December.

The certificate essentially means that the city’s Department of Buildings has determined the project, which includes 33 units, is safe to occupy. Most experts, though, recommend buyers wait until a permanent certificate is obtained before closing on contracts and moving in.

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