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When Mr. Edelstein's building is complete, the bank will move into an office condominium in the tower.
So Mr. Trump filed plans with the state attorney general to turn the building into an office condominium.
The company will also be marketing office condominium space at the base of 15 Broad Street, in the financial district.
The Board of Education purchased 24,000 square feet as an office condominium, and a few tenants have taken spaces of 3,000 and 4,000 square feet.
The office condominium of Visions/Services for the Blind and Visually Impaired, a nonprofit organization in SoHo, is not a typical Manhattan workplace.
It bought an office condominium in Midtown where it will now focus on grant-giving, tours, lectures and other means of encouraging genealogical research.
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Previously, one developer was chosen to build office condominiums but withdrew when advance sales fell short.
Several office condominiums being developed in Harlem may provide an alternative.
Office condominiums, which tend to be more popular in other American cities than in New York, are also the norm in most European and Asian markets, Mr. Rudder said.
By the end of the year, Extell hopes to sign deals with jewelers, merchants and banks for enough office condominiums to obtain a construction loan.
Typically, small companies, perhaps doctor's offices, accountants or architects, foreseeing little or no employee growth and trying to stabilize expenses might be candidates for office condominiums.
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