YIMBY recently went on a tour of Terminal Warehouse at 261 Eleventh Avenue in West Chelsea, Manhattan. The original 132-year-old George Mallory-designed structure is being extensively renovated and now features a new six-story office pavilion designed by COOKFOX Architects and redeveloped by L&L Holding Company, Columbia Property Trust, and Cannon Hill Capital Partners. New Line Structures & Development is the general contractor for the 1.3-million square foot development, which will cost $2 billion-plus, stand 13 stories tall, and yield new Class A office suites, around 100,000 square feet of new outdoor green space including 29 private terraces and a central courtyard, ground-floor retail space, and multiple dining options. Cushman & Wakefield is the exclusive listing agent for both office and retail. Terminal Warehouse takes up a full city block bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and Hudson River to the west. Floor plates vary in size up to 160,000 square feet.Read More
Tribeca Investment Group, PGIM Real Estate, and Meadow Partners have announced a lease agreement with global litigation firm Quinn Emanuel Urquhart & Sullivan, LLP for a 132,000-square-foot space at the fully renovated 295 Fifth Avenue in Midtown South, Manhattan. This relocation marks one of the largest relocations of 2023 in the surrounding area and reflects a trend of traditional industries filling the leasing gap left by technology firms in the neighborhood. CBRE helped facilitate the transaction on behalf of ownership and represented Quinn in the leasing agreement.
Permits have been filed to expand a one-story structure into a five-story mixed-use building at 47-07 Broadway in Astoria, Queens. Located between 47th Street and 48th Street, the lot is two blocks from the 46th Street subway station, serviced by the M and R trains. Perry Moradof is listed as the owner behind the applications.
Permits have been filed for a seven-story residential building at 30-78 29th Street in Astoria, Queens. Located between 30th Drive and 31st Avenue, the interior lot is within walking distance of the 30th Avenue subway station, serviced by the N and W trains. Desmond Neill of Silverline Construction Management is listed as the owner behind the applications.
Exterior work is wrapping up on 58 Vanderbilt Avenue, a nine-story residential building in Clinton Hill, Brooklyn. Designed by J Frankl Associates and developed by Bruchy Lefkowitz, the structure will yield 90 residences with 23 units dedicated to affordable housing, as well as 34 parking spaces. Vanderbilt Avenue USA, LLC is the general contractor for the property, which is alternately addressed as 205 Park Avenue and located along Park Avenue between Vanderbilt and Clermont Avenues, near the southern border of the Brooklyn Navy Yard.