Commercial

441 Ninth Avenue

Renovation, Expansion Planned for Eight-Story, 423,000-Square-Foot Office Building at 441 Ninth Avenue, Hudson Yards District

The eight-story, 423,000-square-foot office building at 441 Ninth Avenue — located between West 34th and 35th streets in the Hudson Yards District — is slated to be renovated and vertically expanded by 150,000 square feet. Portions of the ground floor could also be converted into retail space, The Real Deal reported. The plans haven’t been filed with the Buildings Department yet. The Cove Property Group and hedge fund Baupost Group are the developers. The duo recently acquired the property for $330 million. The structure was originally built as a warehouse in 1953 and later converted into an office property in the 1980s. The existing tenant is expected to vacate the property within one year.


Hunts Point Produce Market

Hunts Point Produce Market to Be Rebuilt with New Warehouses, Infrastructure Upgrades, 101 Food Center Drive

The New York City Economic Development Corporation (NYCEDC) and the 38-member co-op that leases the 113-acre, one-million-square-foot Hunts Point Produce Market — at 101 Food Center Drive, in Hunts Point — are currently in negotiations to completely rebuild the wholesale food market. Existing warehouses would be demolished and new ones would be built in phases, the New York Post reported. A previous plan to retain the existing structures and simply expand the footprint has been thrown out. The existing complex does not having enough cold storage warehouses, and there are environmental concerns. Infrastructure upgrades are part of the new plan and, so far, include $8.5 million in city-funded rail upgrades and $10.5 million in capital improvements, like electric upgrades. The market is the largest food distribution center in the world.





Fetching more...