Cushman & Wakefield


165 Mercer Street’s Garage-to-Office Conversion Unveiled in SoHo

New renderings have been exclusively revealed to YIMBY for the transformation of 165 Mercer Street, in SoHo. The historic building was constructed between 1870 and 1871 under design by Henry Fernbach, and faithfully served the city as a parking garage since 1921. However, as we reported in September of 2016, the Landmarks Preservation Commission approved changes for the site to undergo a conversion to office and retail use, which will be accompanied by a new penthouse level, as well.

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Construction Underway At Bottega Veneta’s 740 Madison Avenue Boutique, Upper East Side

Construction of the 24,000-square-foot Bottega Venetta boutique store is in full swing at the intersection of Madison Avenue and East 64th Street. The retailer will occupy 740 Madison Avenue along with 23 and 25 East 64th Street. It acquired the property from the Wildenstein family of international art dealers in the fourth most expensive lease of 2014, with an estimated rent of $8 million. Sitting one block east of Central Park and a few blocks north of the Billionaires’ Row rising along 57th Street, the site is within the Upper East Side Historic District, meaning that the developer had to engage in a delicate design and approval process before starting work on the three 19th century buildings.

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