The building that housed the Hit Factory, the New York studio where artists like Bruce Springsteen, U2, Madonna, John Lennon, LL Cool J, and others recorded some of their biggest hits before it shut down in 2005, is being converted into condominiums, according to the AP. Turned into a studio in the 1960s, the Hit Factory hosted recording sessions from some of the biggest names in the industry, with albums like Stevie Wonder's Songs in the Key of Life and the Rolling Stones' Emotional Rescue recorded there. In 1994, the studio earned 41 Grammy nods for songs that had been, in part, produced there. The studio was forced to shut down in 2005 due to high rent and the increasing number of artists using digital equipment to record outside traditional studios. The building began selling residential loft units this year, and the Hit Factory studio, once housed on the sixth floor of the building, is being turned into duplex condos as large as about 3,550 square feet. The units are listed at prices ranging from $1.025 million to $4.25 million, and residents can move in early 2007.
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