A Buckling Skyscraper Shakes Confidence In Office Conversions

翘曲摩天大楼动摇了办公转化的信心

The Journal.

2026-07-10

19 分钟
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On Tuesday morning, something potentially very scary happened in New York City. Images of buckling steel beams at the former Pfizer headquarters led to a large evacuation in midtown Manhattan. WSJ’s Peter Grant reports on what happened and what this high-profile setback means for the nationwide trend of converting empty skyscrapers into apartments. Ryan Knutson hosts. Further Listening: - Compass vs. Zillow: The Real Estate Wars - Who’s in Charge of Fixing Miami’s Aging Condos? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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  • Something sudden and potentially very scary happened in New York City on Tuesday morning.

  • People were worried that a skyscraper might fall down.

  • It happened at 235 East 42nd Street in an extremely dense area of Manhattan.

  • This building is right near the Chrysler Building, right near Grand Central Terminal.

  • Our colleague Peter Grant covers commercial real estate.

  • People saw from the outside that the building seemed to buckle.

  • And that's a very serious situation.

  • It could lead to a collapse.

  • It all started with a report of bricks early Tuesday morning falling from a 37-story high-rise under construction.

  • Video from construction workers 21 floors up showing steel bending inside the building.

  • This prompted officials to evacuate nearby buildings.

  • I've been in construction 21 years.

  • And I've never seen a beam bent in half.

  • A lot of disruption in this area, which is particularly busy here in midtown Manhattan.

  • And so immediately, once people saw this and notified the authorities, the fire department,

  • the building department, they realized how serious the situation could become, and they sprang into action.

  • Very quickly, the surrounding streets were blocked off.

  • Everything from a school to a hotel to the Israeli consulate were evacuated.

  • It is a little unnerving knowing that there's a building that is at risk of falling down so close to us.

  • The greatest fear is a collapse, which could be a calamity.