Source: Closed! Podcast
July 11, 2025
Office To Residential Conversions with Brian Steinwurtzel
GFP Real Estate co-CEO Brian Steinwurtzel recently sat down with Lee Bergstein on the latest episode of Closed! to discuss SOMA, one of New York City’s most ambitious office-to-residential conversions, and unpack the challenges of converting a commercial tower into housing—from financing and zoning to adding modern amenities that meet today’s tenant demands. Brian shares how GFP Real Estate is addressing affordable housing needs, incorporating community feedback, and helping transform the Financial District into a vibrant, mixed-use neighborhood, and how this increasing trend of commercial to residential conversions will be impacted by the upcoming mayoral election. Whether you're in real estate, housing policy, or just curious about how NYC is reinventing its urban core, this conversation offers a firsthand look at the future of adaptive reuse.