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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
- ^ "Southbridge Towers Story, History | Southbridge Towers, Inc., New York City, New York". www.southbridgetowers.com. Archived from the original on November 9, 2015.
- ^ Romo, Vanessa (October 28, 2005). "Southbridge Towers Votes to Study Going Private". Downtown Express. Archived from the original on June 4, 2015.
- ^ Kaysen, Ronda (November 14, 2014). "Divided by a Windfall". The New York Times. Retrieved March 14, 2021.
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40°42′34″N 74°00′12″W / 40.709572°N 74.00344°W
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