Global real estate investment manager Hines is nearly doubling its New York City office space with a 12-year lease at 555 Greenwich Street and 345 Hudson Street in Hudson Square, Manhattan. Hines will expand its footprint from 17,000 square feet on the 12th floor of 345 Hudson to an additional 15,000 square feet in the adjacent 555 Greenwich Street.
After opening its doors in late 2023, Pearl House has officially surpassed 50 percent leased. Located at 160 Water Street in the Financial District, the city’s largest office-to-residential conversion to date, yield 24 stories with 588 units and 30,000 square feet of amenities. Pearl House is designed by Gensler and developed by Vanbarton Group, a real estate development, investment, and advisory firm, with Compass Development Marketing Group handling leasing. Pricing for available units starts at $3,909 a month.
Permits have been filed to convert a five-story garage into a six-story residential building at 220 East 9th Street in Manhattan’s East Village neighborhood. Located between Second and Third Avenues, the lot is a short walk to the Astor Place subway station, served by the 6 train. Roger Bittenbender of Arcus Development is listed as the owner behind the applications.
One Wall Street recently revealed new residences and pricing in the Financial District’s most luxurious Art Deco skyscraper. The residential development is offering four percent commission, sponsor-paid transfer taxes and common charges for a limited time. Developed by Macklowe Properties, the 564-foot-tall tower is the largest office-to-residential conversion in the city with 566 prime residences, 100,000 square feet of amenities, and a Whole Foods and Lifetime Fitness health club in the base of the building.
