The partial residential conversion of the McGraw-Hill Building was fast tracked

Steve Cuozzo

a job

by Steve Cuozzo

March 12, 2023 | 1:47 p.m

The partial residential conversion of the iconic McGraw-Hill building at 330 W. 42nd Street has hopped onto the fast track.

Since I first reported to my colleague Louis Weiss that Resolution Real Estate was exploring the option in October 2022, “we’ve crossed all hurdles,” said Gerard Nocera, Managing Partner at Resolution.

The conversion of floors 12 through 34, which Nocera has estimated will cost $100 million, will begin this summer.

224 apartments are expected to be completed in the second quarter of 2024.

The remodeling of the Art Deco masterpiece includes the creation of a foyer and a second entrance and the reinstallation of the McGraw-Hill name above the residential entrance. Resolution works with SLCE Architects on apartment designs.

No one who read my January 16 column could be surprised that Gov. Kathy Hochul dropped the state’s proposal to fund Penn Station improvements with the money detached from the office towers that will be built mostly by Vornado.

You will now “shift gears” and pursue a “Plan B” to pay for a new station.

But I noted in January that she did not mention her pet plan for a redeveloped Pennsylvania area in her state of the state address even though it was a priority for her administration and predecessor Andrew Cuomo.