LCOR’s 25 Broad Set To Go Condo

Development firm LCOR’s planned condo conversion of its rental building at 25 Broad Street is reportedly still on and units will start to be offered for sale towards the end of March. LCOR, which is 90% owned by the California State Teachers Retirement System, is targeting the “undersupplied,” “affordable” luxury segment. Prices are said to range from $800 to $2,000 per square foot ($720,000 to $5.3 million) with a projected sell-out value of nearly $400 million. The building has done well as a rental, having remained close to 100% leased since its residential conversion by CetraRuddy Architects in 2011. LCOR is 90% owned by the California State Teachers Retirement System.

https://www.broadexchangebuilding.com/

https://www.lcor.com/

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