Nightingale Properties and Wafra Capital Partners recently launched a campaign to draw in $860 million in construction financing to redevelop an existing office building in Manhattan’s Financial District. Located at 111 Wall Street, it is estimated that redevelopment costs will max out at $1 billion.
YIMBY checked in on the site of the ten-story Hudson Arts Building at 220 Eleventh Avenue in West Chelsea. Designed by Studios Architecture and developed by The Moinian Group, the structure will occupy an entire block between West 25th Street and West 26th Street. JLL is the exclusive leasing agent for the project, which is expected to welcome tenants by 2022.
Marx Realty has announced an extensive renovation project at 545 Madison Avenue to modernize the Midtown office building. The scope of work includes an overhaul of the lobby, creation of pre-built tenant suites on the third and 14th floors, and the construction of 5,000 square feet of new amenity spaces. According to representatives from the company, total construction costs for the project hover around $24 million and represent the growing demand for offices with hospitality-oriented amenities.
Construction kicked off this week on the Hudson Arts Building, a new office development at 220 Eleventh Avenue in West Chelsea, Manhattan. Designed by Studios Architecture and developed by The Moinian Group, the project will occupy an entire city block between 25th and 26th Streets. According to JLL, the exclusive leasing agent for the property, the Hudson Arts Building is expected to welcome tenants by 2022, and the official groundbreaking was held yesterday.
Following an extensive lobby and façade renovation for 10 Grand Central at 155 East 44th Street in Midtown East, Marx Realty will soon debut a collection of office suites on the top floors of the commercial tower. Located on floors 32 through 36, “The Penthouse Collection” can be configured as 5,000-square-foot single-floor leases or combined into a 10,000-square-foot duplex space or a 15,000-square-foot triplex office.
