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This is Athena's second residential conversion in Manhattan.
He said the residential conversion is expected to begin in about six months.
He was a pioneer in the residential conversion business in Midtown South, Greenwich Village, Chelsea and SoHo.
Hakimian announced in the fall of 2005 that it would create 450 apartments, but decided against a residential conversion about six months ago.
Another attraction, he said, was the large amount of residential conversion under way in the area, which will increase the local population and number of potential students.
The developer is Steven M. Varsano, who is a partner in the Roebling Building, 169 Hudson Street, between Laight and Vestry Streets, another residential conversion.
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20 Exchange Place Residential Conversions 9,300,000 SQ.FT.
Despite residential conversions all around, the Corner is still strongly financial.
"For some reason, this particular corner is the latest trend for residential conversions," Ms. Duffy said.
That is not to say that Hakimian has given up entirely on residential conversions, however.
Residential conversions have also gobbled up the types of industrial buildings that tech companies once favored.
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