Key facts
- The Flatiron Building in New York City is being converted into luxury condominiums.
- Units in the building are priced up to $58.5 million.
- The renovation includes restoration of the Beaux-Arts exterior and addition of new amenities.
- The building's unique triangular shape presented design challenges for the conversion.
- New residents are expected to begin moving in soon, with full completion in early 2027.
The iconic Flatiron Building in New York City, known for its distinctive triangular shape and Beaux-Arts architecture, is nearing the completion of a major renovation that transforms it into ultra-luxury apartments. Units in the building are being marketed for up to $58.5 million, positioning it as a symbol of the city's high-end real estate market.
The building, completed in 1902 and originally designed by Daniel Burnham, has been covered in scaffolding for the past seven years as it underwent extensive internal and external work. The transformation aims to convert the awkwardly laid-out office building into 36 open-concept residences, with prices ranging from $11 million for three-bedroom units to $58.5 million for a full-floor five-bedroom residence.
New amenities are also being added, including a 60-foot pool, billiards room, piano lounge, and wellness center. New residents are expected to begin moving in within the coming months, with all work anticipated to be finished by early 2027. The design firm Studio Sofield was tasked with reimagining the interiors, addressing the unique challenge of subdividing the triangular floor plates, which are as narrow as 6 feet at their thinnest point.
The renovation emphasizes the building's historical significance and architectural ingenuity. The exterior's terra-cotta facade has been meticulously restored, with thousands of pieces replicated and reinstalled. Over 1,000 windows have also been replaced to improve energy efficiency and sound insulation. Exposed steel beams, a testament to the building's innovative construction, are incorporated into the residential units.
During the renovation, unexpected discoveries were made, including the restoration of a hidden balcony on the 20th floor and the finding of fragments from a 1910s wooden revolving door in the basement. The removal of scaffolding is expected by the end of summer, after which the building's illuminated facade will be fully visible.