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.
Foundation work is progressing on 555 Greenwich Street, a 16-story office building in Hudson Square. Formerly addressed as 561 Greenwich Street, the structure will yield 270,000 square feet and will connect on nearly every floor with the adjacent 345 Hudson Street. The project is designed by COOKFOX Architects and developed by the joint venture Hudson Square Properties, which includes Trinity Church Wall Street, Norges Bank Investment Management, and Hines, and is planned to debut as one of the city’s most sustainable buildings.
Closings are set to begin this August for a new office condominium property at 35 West 36th Street in Herald Square, Manhattan. From developer Hidrock Properties the 12-story, 80,000-square-foot structure is currently undergoing a conversion from traditional office space to office condominium units.
Construction is currently ahead of schedule on One Madison Avenue, a 1.4-million-square-foot, 27-story office tower expansion in Manhattan’s historic Flatiron District. As of today, 100 percent of demolition work is complete and structural reinforcement is underway.
This week, Smogasburg opened a new 300-seat outdoor venue at the Harborside commercial campus in Jersey City, joining Smorgasbar, which opened earlier this summer. The company’s premier outdoor destination in New Jersey now offers local craft beers, barbecue tacos, lobster rolls, and brick oven pizza. The debut is the latest in a flurry of announcements from developer Mack-Cali, which is quickly transforming the Harborside campus into a mixed-use destination for local residents and Manhattanites just a quick train or ferry ride away.