Cravath, Swaine & Moore, one of the country’s longest-running law firms, has finalized negotiations to establish its New York headquarters at Brookfield’s Two Manhattan West. As anchor tenant of the property, Cravath will occupy 13 floors of the building or approximately 481,000 square feet.
Work is underway to prepare 685 Fifth Avenue for a 100,000-square-foot office-to-condominium conversion. The first batch of scaffolding has been assembled on the northern profile of the address, and a green scaffold board runs along the top of the retail section. The 20-story building will eventually be a 30-story building, with ten additional floors to be built atop the current roof parapet. The residential component will comprise 69 condos, to be managed by Mandarin Oriental Hotel Group. SHVO is the property developer and has partnered with BLG Holdings and Deutsche Financial to spend $135 million on the expansion and conversion of the property, which will stand 350 feet tall and rise 30 stories when complete. Marin was the architect of record and the design architect, with March & White handling the interior design. Brookfield Properties is in charge of marketing the Fifth Avenue retail space.
The Pendry Hotel at 4 Manhattan West is rising fast in Midtown West. The 21-story development will offer 164 guest rooms and a selection of condominiums on the tower’s upper floors. Designed by Skidmore Owings & Merrill and developed by Brookfield Properties, the building features a distinctive wavy façade on the northern and southern elevations, which is now visible in the reinforced concrete structure. The glass curtain wall will be installed later this year.
The massive upcoming development dubbed Hudson Exchange West will sit close to the waterfront of downtown Jersey City, and the first towers, designed by Perkins Eastman, will yield a combined total of 625,000 square feet. The 18-acre mixed-use master plan is being developed by Brookfield Properties and the grand plan’s second residential tower is already making its way into the skyline, with topping-out now drawing near.
Permits have been filed for a 29-story mixed-use building at 221 West Street in Greenpoint, Brooklyn. Located between Freeman Street and Eagle Street, the corner lot is eight city blocks north of the Greenpoint Avenue subway station, serviced by the G train. Brookfield Properties is listed as the owner behind the applications, and is responsible for several other mixed-use properties in Greenpoint Landing.
