Southbridge Towers

Southbridge Towers is a big housing cooperative development located in the Civic Center neighborhood of Lower Manhattan, New York City. The complex was built between 1961 and 1971 by Tishman Realty & Construction as a subsidized co-op under the Mitchell-Lama housing program. It is situated south of the entrance ramp to the Brooklyn Bridge between Pearl, Gold, Fulton and Frankfort streets. Southbridge consists of four 27-story towers and five 6-story buildings, which collectively include 1,651 apartments with a total of 331,577 square feet (30,804.5 m2) of floor area.[1]

In October 2005, the cooperative's board of directors voted to undertake a study that could cost up to $25,000 to explore privatization of the building complex.[2]

In September 2014, the residents of Southbridge Towers voted to privatize under the Mitchell-Lama law and reconstitute as a private co-op.[3] The privatization was completed on September 10, 2015.

See also

References

  1. ↑ "Southbridge Towers Story, History | Southbridge Towers, Inc., New York City, New York". www.southbridgetowers.com. Archived from the original on November 9, 2015.
  2. ↑ Romo, Vanessa (October 28, 2005). "Southbridge Towers Votes to Study Going Private". Downtown Express. Archived from the original on June 4, 2015.
  3. ↑ Kaysen, Ronda (November 14, 2014). "Divided by a Windfall". The New York Times. Retrieved March 14, 2021.
Wikimedia Commons has media related to Southbridge Towers.

40°42′34″N 74°00′12″W / 40.709572°N 74.00344°W / 40.709572; -74.00344


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.