Taconic Investment

YIMBY Scopes Views from One Essex Crossing at 202 Broome Street on Manhattan’s Lower East Side

YIMBY went on a tour of One Essex Crossing, a 14-story mixed-use building at 202 Broome Street and one component of the nine-building Essex Crossing development on Manhattan’s Lower East Side. Designed by CetraRuddy for Delancey Street Associates, a partnership of BFC Partners, L+M Development PartnersTaconic PartnersThe Prusik Group, and Goldman Sachs Urban Investment Group, the property yields residential and office space on a full-block parcel bound by Delancey Street to the north, Broome Street to the south, Suffolk Street to the east, and Norfolk Street to the west. Corcoran Sunshine Marketing Group is handling marketing and sales for One Essex Crossing, which is approaching 50 percent sold.

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Excavation Progresses at 308 West 43rd Street in Midtown, Manhattan

Excavation is progressing at 308 West 43rd Street, the site of a two-building residential development in MidtownManhattan. Designed by Handel Architects and developed by Taconic Partners under the 311 West 42nd Street Associates LLC, the 373,133-square-foot development will yield 321 apartments averaging 839 square feet apiece as well as 25,202 square feet of retail space. Triton Construction is serving as the general contractor for the property, which is located between West 42nd and 43rd Streets and Eighth and Ninth Avenues, directly north of the Port Authority Bus Terminal.

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125 West End Avenue’s New Façade Begins Installation on Manhattan’s Upper West Side

Work is progressing on 125 West End Avenue, a conversion of an eight-story building into a 400,000-square-foot, state-of-the-art life sciences and research laboratory on Manhattan’s Upper West Side. Designed by Taconic Partners and Perkins+Will, the project involves interior renovations and the installation of a glass curtain wall. 125 West End Avenue was home to the Walt Disney/ABC broadcasting company since 1985, but had sat vacant since January. The structure was originally built as an automotive facility by Chrysler Motor Company and at one point was owned by the New York Times. Taconic and Nuveen Real Estate paid $230 million for the property in late 2019. CBRE is in charge of marketing and leasing the commercial office space, and JRM Construction Management, LLC is the general contractor for the project, which sits at the corner of West 66th Street and West End Avenue, a very short walk to Riverside Park South to the west.

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125 West End Avenue. Courtesy of Taconic Partners

Curtain Wall Installation Progresses on 125 West End Avenue on Manhattan’s Upper West Side

Construction continues to advance at 125 West End Avenue, a conversion of an eight-story building into a 400,000-square-foot, state-of-the-art life sciences and research laboratory on Manhattan’s Upper West Side. Designed by Perkins+Will and developed by Taconic Partners, Nuveen Real Estate, and LaSalle Investment Management, the project will be the largest life science development in NYC since the Alexandria Center at 430 East 29th Street, and will help meet the growing demand for occupancy-ready, pre-built lab space in the city. JB&B is leading engineering, JRM Construction is managing construction, and CBRE is handling leasing. The property is located on the west side of the avenue between West 65th and 66th Streets.

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