Luxury Condos Coming To Woolworth Building

NEW YORK (CBSNewYork) -- Some floors of a historic Manhattan building created by a five-and-dime fortune are being transformed into apartments.

The tower of the iconic Woolworth Building in lower Manhattan has been sold to an investment group for $68 million, the New York Times reported.

They plan to turn the top 30 floors into luxury condos.

There will be 40 apartments, including a five-floor penthouse.

The apartments are expected to sell for as much as $3,000 a square foot, and are scheduled to be completed by 2015.