Southbridge Towers
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Southbridge Towers is a large 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 Street, Frankfort Street, Gold Street, and Fulton Street. Southbridge consists of four 27-story towers and five 6-story buildings, which collectively include 1,651 apartments with a total of of floor area.
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.
In September 2014, the residents of Southbridge Towers voted to privatize under the Mitchell-Lama law and reconstitute as a private co-op. The privatization was completed on September 10, 2015.
