Office

Pacific Park Developers Consider Building Office Space At 674 Atlantic Avenue, Prospect Heights

11:00 am on February 29, 2016 By Reid Wilson

Earlier this month, the developers behind the Pacific Park mega-development in Prospect Park – a partnership between Greenland Holdings and Forest City Ratner – proposed the idea of transferring 1.1 million square feet of development rights to 590 Atlantic Avenue in order to build a massive office tower. Now, another site is under consideration for an office development, according to DNAinfo. It’s the site at the southwestern corner of Atlantic and Sixth avenues – 674 Atlantic Avenue, or 2 Sixth Avenue. A 764-unit, mixed-income residential building, with a mix of rentals and condos along with retail space, has long been approved for the site. Now the developers are seeking to transfer commercial development rights to the location so a second office building could be built. The Empire State Development Corporation would have to approve the transfer of air rights. The change in plans also requires an environmental study, and the affordable residential units that were expected at the site would be built elsewhere.

13 Stories of Light Manufacturing and Offices Planned Next to Gowanus Canal at 148 Third Street

7:30 am on February 25, 2016 By Rebecca Baird-Remba

Very few new manufacturing buildings have risen in the low-slung area around the Gowanus Canal, but one developer is turning the tide with plans for a 13-story industrial project at 148 Third Street, between the Third Street Bridge and the canal.

25-Story Mixed-Use Office Building Now Planned At 68-74 Trinity Place, Financial District

6:30 am on February 25, 2016 By Reid Wilson

Back during the summer of 2015, YIMBY brought you an update on the ongoing demolition of the five-story structure at 68 Trinity Place and the 25-story building at 74 Trinity Place, in the Financial District. Property owner Trinity Church has long sought to build a 500-foot-tall mixed-use condominium building at the site, but those plans have now been scrapped in favor of a 25-story, 145,000-square-foot mixed-use building with office space rather than apartments. According to The Real Deal, there will be 98,000 square feet of community facility space for the religious organization, fit with classrooms, a fitness center, a café, and meeting rooms. The office space will begin on the 10th floor. Pelli Clarke Pelli Architects, who designed the latest residential proposal, will again be responsible for the design of the office plans.

Rendering of 512 West 22nd Street. Via COOKFOX.

New Look at High Line-Hugging Conversion of 512 West 22nd Street, Chelsea

7:00 am on February 23, 2016 By Evan Bindelglass

It was over two-and-a-half years ago that YIMBY told you of plans to convert a five-story warehouse at 510 West 22^nd Street into an 10-story office building. Since then, the plan has changed to 11 stories and now, thanks to images on the architect’s website, we have a new look at what how the completed structure will appear.

18-Story, 130,000-Square-Foot Office Building Revealed At 414 West 15th Street, Chelsea

6:00 am on February 23, 2016 By Reid Wilson

Back in April of 2012, YIMBY reported on applications for a new 25-story hotel at 414 West 15th Street, in Chelsea, and since then the hotel plans underwent revision and were revealed in multiple posts. But the hotel never came to fruition and now the site’s developers – the Boston-based Rockpoint Group, Highgate Holdings, and its property owner, Meilman Family Real Estate – are planning an 18-story, 130,000-square-foot office building, Crain’s reports. The structure will stand 270 feet above street level, and according to the latest filings with the Department of Buildings, there will be 108,469 square feet of commercial space. It will include retail space on the ground and cellar levels, and the rest of the property will be leased as office space. Rockpoint’s adjacent expansion project at 430 West 15th Street, which was recently completed and boasts a total 85,000 square feet of office/retail space, will connect to the new building. CetraRuddy Architecture is designing the office plans. Technically, the foundation has already been poured.

Glass Installation Wraps Up On 52-Story 10 Hudson Yards Office Tower

6:00 am on February 22, 2016 By Reid Wilson

YIMBY last reported on 10 Hudson Yards – the 52-story, 1.8-million square-foot office tower at the corner of Tenth Avenue and West 30th Street – last November when the structure officially topped out. Now, new photos taken by Tectonic show that glass installation is nearing completion and close to reaching the structure’s 895-foot-tall pinnacle. Earlier this month, office space in the building was roughly 100 percent leased, as Real Estate Weekly reported. Coach Inc. will occupy floors nine through 23 and part of 24, VaynerMedia will take the rest of floors 24 and 25, Intersection and Sidewalk Labs will take floor 26 and part of floor 27, L’Oréal USA will occupy the rest of 27 and floors 28 through 36, the Boston Consulting Group is leasing floors 42 through 47, and finally SAP is taking floors 48 through 52. Related Companies and Oxford Properties Group are the developers and Kohn Pedersen Fox is the design architect. Occupancy is expected in the spring.

41-Story, 670,000-Square-Foot Office Tower At 425 Park Avenue Lands Anchor Tenant, Midtown

10:00 am on February 19, 2016 By Reid Wilson

In late 2014, YIMBY brought you new renderings of the Foster + Partners-designed 41-story, 897-foot-tall office tower under development at 425 Park Avenue, between East 55th and 56th streets in Midtown, and now project has secured its anchor tenant with a city-wide record-breaking lease. According to Real Estate Weekly, Chicago-based Citadel will take roughly 200,000 square feet in the 670,000-square-foot building, with rents as high as $300 per square foot on the tower’s penthouse floors. The project, being developed byL&L Holding and GreenOak Real Estate, is aiming for L.E.E.D. Gold and WELL certifications. This past summer, the developers secured a $556 million construction loan and the site’s 32-story office predecessor has since been significantly demolished. The lower portion of the existing structure will be utilized in the new building and completion is expected in late 2018.

363 Lafayette Street, image via Google Maps

Ironstate Plans an Office Building at 363 Lafayette Street in NoHo

7:00 am on February 19, 2016 By Rebecca Baird-Remba

Ironstate shelled out $150 million last year for a 49-year lease at 363 Lafayette Street in NoHo, right in the heart of New York University’s territory. Now, they’re planning a nine-story office building on the site between Great Jones and Bond streets.

Foundation Work Underway For Six-Story, 40-Unit Medical Office Building At 5521 Eighth Avenue, Sunset Park

2:00 pm on February 18, 2016 By Reid Wilson

In October of 2014, YIMBY revealed renderings of the planned six-story, 40-unit multi-use commercial building at 5521 Eighth Avenue, on the corner of 56th Street in Sunset Park, located seven blocks north of the N train’s stop on Eighth Avenue. The Brooklyn Daily Eagle reports foundation work is now underway on the 81,569 square-foot project, which will include 36 medical offices and four retail units. The retail space will measure 13,003 square feet in total and will span the ground floor and a mezzanine level. The medical offices will begin on the second floor and should average 1,180 square feet apiece. Flushing-based Andy Wong filed documents with the Attorney General’s office in January, which indicated the project is being valued at $76.3 million. Raymond Chan is designing and completion in 2017 seems likely.

One Penn Plaza as seen from the southwest. Photo by Evan Bindelglass.

One Penn Plaza, Two Penn Plaza To Get Major Renovations, Interconnection, Midtown

10:00 am on February 18, 2016 By Reid Wilson

Following the state’s plan to upgrade and expand Pennsylvania Station, Vornado Realty Trust has announced plans to renovate and interconnect 57-story One Penn Plaza and 29-story Two Penn Plaza, completed in 1972 and 1968 respectively, into a massive 4.2-million-square-foot office complex. The two buildings are located directly adjacent to and above Penn Station, in Midtown, between West 31st and 34th streets and Seventh and Eighth avenues. According to The Real Deal, the renovation project would improve desirability and tenant mobility and allow for new retail and amenity opportunities. Two Penn Plaza would get a new floor-to-ceiling glass façade and One Penn Plaza would receive “a more conventional upgrade.” Start and completion dates have not been disclosed, and a designer has not yet been revealed.

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