By Samantha Delouya, CNN(CNN) — New York City is counting on office-to-apartment conversions to help relieve its housing shortage. Office-to-apartment conversions have surged since the pandemic emptied out aging office buildings, offering cities a way to add desperately needed housing. And New York City has championed these conversions, offering tax incentives to turn older vacant office buildings into livable spaces. At 77 Water Street, a 26-story office building was being converted into a 33-story residential building with 647 units in the city’s Financial District. This story has been updated to reflect SL Green’s announcement Thursday that the partial work stoppage at 750 Third Avenue has been lifted.