# This Is How We Do It: The playbook for office-to-residential conversions

Page: https://stenobird.com/podcast/the-weekly-take-from-cbre-744133/this-is-how-we-do-it-the-playbook-for-office-to-residential-conversions
Text version: https://stenobird.com/podcast/the-weekly-take-from-cbre-744133/this-is-how-we-do-it-the-playbook-for-office-to-residential-conversions.md
Podcast: [The Weekly Take from CBRE](https://stenobird.com/podcast/the-weekly-take-from-cbre-744133)
Published: 2026-03-30T19:42:00+00:00
Episode link: https://www.cbre.com/insights/the-weekly-take#overview
Audio file: https://audio-delivery.cohostpodcasting.com/audio/478d816a-5722-44ae-95b1-3c6acc9fd52d/episodes/c344fd04-4b5c-40ff-bffc-12fcf1a2645d/episode.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-weekly-take-from-cbre-744133/episodes/this-is-how-we-do-it-the-playbook-for-office-to-residential-conversions
Duration seconds: 2074

## Resource

How did the largest office-to-residential conversion come about? Brian Steinwurtzel of GFP Real Estate offers an inside look at how lower Manhattan’s 25 Water Street, a struggling office tower that was transformed into more than 1,300 apartments. He discusses what this landmark project signals for urban resilience. · The right acquisition price and bold design and amenity choices can turn challenged office assets into world‑class residential properties. · Tax incentives can often be the deciding factor in whether a conversion is viable. · Fast execution is essential for controlling risks and costs in today’s market. · Office-to-residential conversions are highly bespoke, where building bones matter more than any rule-of-thumb formula. · Great residential conversions are redefining downtowns, but their future hinges on policy, pricing and how the next market cycle unfolds.

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