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Moinian considers Wall Street condos

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Yet another Downtown office building will face condo conversion if commercial brokers are unable to meet a summer 2007 deadline. The Moinian Group, owner of 95 Wall Street, has long had the “funding and proper permits” to convert its mostly vacant 500,000-square-foot office tower, but first the firm wants to try keeping the building commercial in order to benefit from the tightening Downtown commercial market. Deals to lease out the building have fallen through and the Moinian Group says brokers have until the summer to find new tenants. If none are found, it will proceed with its conversion plans. more [Crain’s]

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