The Yonkers Industrial Development Agency has granted preliminary approval for financial incentives for Teutonia Hall, a $458 million mixed-use residential complex featuring two 41-story towers at 4 Buena Vista Avenue in Yonkers.
Wells Fargo has announced plans to consolidate most of its New York office presence across two buildings in Hudson Yards. Developed by Related Companies, the project involves the conversion of three stories of retail space in 20 Hudson Yards into 445,000 square feet of new office space, providing an easy link to the company’s existing nine-story footprint in the connecting 30 Hudson Yards supertall skyscraper. Wells Fargo reportedly purchased the former Neiman Marcus store, which closed in 2020, for $550 million and plans to open the new office in three years.
Construction is nearing completion on Atlas, a 24-story residential building at 270 Johnston Avenue in Jersey City’s Bergen-Lafayette neighborhood. Designed by MHS Architecture and developed by Alpine Residential and Fields Grade, the structure will yield 169 rental units in studio to three-bedroom layouts with interiors by GRT Architecture. Many of the homes will feature private balconies with views of the Statue of Liberty and the Manhattan skyline.
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.
