L&L Holding Company and Columbia Property Trust have successfully closed on $1.25 billion in construction financing to complete a commercial overhaul of Terminal Warehouse in Chelsea, Manhattan. Led by COOKFOX Architects, the property will eventually house a mix of Class A office suites, retail space, and dining area.
Normandy Real Estate Partners
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.
Work on the lower levels of 799 Broadway has now reached street level. The Greenwich Village development will become a 12-story, 182-foot-tall office building with around 180,00 square feet of newly built space. Normandy Real Estate Partners and Columbia Property Trust are developing the project, which is designed by Perkins + Will. Cushman & Wakefield is in charge of marketing the building.
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.
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.