Southbridge Towers

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]

Southbridge Towers

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
  1. "Southbridge Towers Story, History | Southbridge Towers, Inc., New York City, New York". www.southbridgetowers.com. Archived from the original on November 9, 2015.
  2. Romo, Vanessa (October 28, 2005). "Southbridge Towers Votes to Study Going Private". Downtown Express. Archived from the original on June 4, 2015.
  3. Kaysen, Ronda (November 14, 2014). "Divided by a Windfall". The New York Times. Retrieved March 14, 2021.
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