Where Metin Negrin once saw a sales opportunity, he’s instead embracing the office-to-residential conversion trend. Lexin Capital filed plans to convert 229 West 28th Street in Chelsea from office and retail use to apartments, the Commercial Observer reported. It’s not immediately clear if the units will be rentals or condos. The conversion plans call for the 12-story, 157,000-square-foot building to expand to a 35-story, 207,000-square-foot residential complex. Most of the space would be residential, though there would also be 3,900 square feet of commercial space; the Department of Buildings application references “general wiring for a nightclub” on the ground floor. […]

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