COOKFOX will again present proposals to the city’s Landmark Preservation Commission to facilitate a transformative renovation of Terminal Warehouse in West Chelsea, Manhattan. The former warehouse building occupies an entire city block spanning Eleventh to Twelfth Avenues and 27th to 28th Streets. When renovations are complete, the property will debut as Central Stores, a mixed-use complex.
Normandy Real Estate Partners
The historic Terminal Warehouse in West Chelsea will soon undergo a transformative renovation to accommodate a mix of first-class office space, new dining area, and ground-floor retail. L&L Holding Company and Normandy Real Estate Partners are working in collaboration to redevelop the 1.2-million-square-foot property, which occupies an entire city block from Eleventh to Twelfth Avenue and 27th to 28th Street.
At the intersection of Broadway and East 11th Street andon the edge of Greenwich Village, a new boutique office will soon rise at 799 Broadway thanks to a $70 million purchase by Columbia Property Trust, according to Crain’s. Columbia received a nearly 50% stake in the sale, and will join co-owner Normandy Real Estate Partners. The current structure today will eventually be demolished to make way for the new glass building that will span around 180,000 square feet, and stand 12 stories tall.
New building applications have revealed that a rumored high-end office development is moving forward at 799 Broadway, in Greenwich Village, Manhattan. Global architecture firm Perkins+Will will be in charge of its design.
Financing has been secured for a new eleven-story conversion at 25-11 49th Avenue, in Long Island City, Queens. The site was sold to Normandy Real Estate Partners and Keystone Equities in September 2016 for $39.1 million, at over $200 per buildable square foot. The rendering reveals their plan is to refurbish the existing two-story facility, build up eight stories along half the extant area, while using the other half of the roof for green space.