JLL Capital Markets has arranged a $62 million preferred equity investment for 51 Astor Place, a 12-story office building in East Village, Manhattan. Designed by Fumihiko Maki, the structure spans approximately 386,000 square feet and occupies a full block bordered by Astor Place, Third Avenue, Fourth Avenue, and East 9th Street.
One of the city’s largest tech incubators will soon debut at Zero Irving, a new 21-story property at 124 East 14th Street in Union Square. The facility will occupy six full floors and debut as Civic Hall @ Union Square.
Laurel Road is the latest office tenant to join Zero Irving, a 21-story mixed-use tower at 124 East 14th Street near Union Square in Manhattan. The digital financial services company will occupy a 15,240-square-foot suite on the building’s 11th floor.
Melio is the first company to join Zero Irving, Union Square’s vertical technology campus and small business incubator. The fintech firm’s new office space will occupy 25,000 square feet spread across the building’s 15th and 16th floors.
Union Square’s first vertical technology campus and small business incubator is approaching full completion. Located at 124 East 14th Street, Zero Irving is the latest project from RAL Development and is envisioned as an equitable alternative for small businesses who cannot typically afford Class A office space and an educational launch point for the next generation of tech-centric workers in New York City.
