261 Eleventh Avenue

Evening rendering of Terminal Warehouse in West Chelsea - Credit COOKFOX

YIMBY Tours Terminal Warehouse At 261 Eleventh Avenue in West Chelsea, Manhattan 

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.

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Rendering of Terminal Warehouse at 11th Avenue (Credit: COOKFOX)

Terminal Warehouse Expansion Continues Construction at 261 Eleventh Avenue in West Chelsea, Manhattan

Construction is continuing on Terminal Warehouse, where a seven-story commercial addition is being erected above the historic 132-year-old building at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed by L&L Holding Company and Columbia Property Trust, the $1.25 billion project was approved by the Landmarks Preservation Commission in January 2020 and consists of an indoor-outdoor renovation that will yield a mix of Class A office suites, retail space, and multiple dining options on the ground floor. DeSimone Engineering is performing the structural engineering, and New Line Structures & Development is the general contractor for the property, which spans a full city block bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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Rendering of Terminal Warehouse at 11th Avenue (Credit: COOKFOX)

Terminal Warehouse Expansion Progresses at 261 Eleventh Avenue in West Chelsea, Manhattan

Construction is progressing on Terminal Warehouse, where a seven-story commercial addition is being constructed above the historic 132-year-old building at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed by L&L Holding Company and Columbia Property Trust, the $1.25 billion project was approved by the Landmarks Preservation Commission in January 2020 and will reinvigorate the structure with a mix of Class A office suites, retail space, and multiple dining options. New Line Structures & Development is the general contractor for the property, which spans an entire city block bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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Construction Ramps Up on Terminal Warehouse Renovation at 261 Eleventh Avenue in West Chelsea, Manhattan

Construction is full swing on the Terminal Warehouse, a seven-story commercial conversion at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed by L&L Holding Company and Columbia Property Trust, the $1.25 billion project will overhaul the 121-year-old warehouse structure and yield a mix of Class A office suites, retail space, and dining options. L&L and Normandy Real Estate Partners purchased the Terminal Warehouse in 2018 for $880 million, and CBRE helped to arrange construction funding from the Blackstone Real Estate Debt Strategies platform, Goldman Sachs, KKR, and Oaktree Capital Management. New Line Structures & Development is the general contractor for the property, which is bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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Rendering of Terminal Warehouse at 11th Avenue (Credit: COOKFOX)

LPC Approves Major Restoration Plan For Terminal Warehouse in Chelsea

L & L Holding Company and Normandy Real Estate Partners will soon begin a large-scale renovation and revitalization of the historic Terminal Warehouse following unanimous approval by the city’s Landmarks Preservation Commission. Designed in collaboration by COOKFOX Architects, the 1.2 million-square-foot facility located at 261 Eleventh Avenue in West Chelsea will be redeveloped to support a mix of office space, retail tenants, and restaurants.

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