Office

414 West 15th Street

18-Story, 130,000-Square-Foot Office Building Revealed At 414 West 15th Street, Chelsea

Back in April of 2012, YIMBY reported on applications for a new 25-story hotel at 414 West 15th Street, in Chelsea, and since then the hotel plans underwent revision and were revealed in multiple posts. But the hotel never came to fruition and now the site’s developers – the Boston-based Rockpoint Group, Highgate Holdings, and its property owner, Meilman Family Real Estate – are planning an 18-story, 130,000-square-foot office building, Crain’s reports. The structure will stand 270 feet above street level, and according to the latest filings with the Department of Buildings, there will be 108,469 square feet of commercial space. It will include retail space on the ground and cellar levels, and the rest of the property will be leased as office space. Rockpoint’s adjacent expansion project at 430 West 15th Street, which was recently completed and boasts a total 85,000 square feet of office/retail space, will connect to the new building. CetraRuddy Architecture is designing the office plans. Technically, the foundation has already been poured.


10 Hudson Yards

Glass Installation Wraps Up On 52-Story 10 Hudson Yards Office Tower

YIMBY last reported on 10 Hudson Yards – the 52-story, 1.8-million square-foot office tower at the corner of Tenth Avenue and West 30th Street – last November when the structure officially topped out. Now, new photos taken by Tectonic show that glass installation is nearing completion and close to reaching the structure’s 895-foot-tall pinnacle. Earlier this month, office space in the building was roughly 100 percent leased, as Real Estate Weekly reported. Coach Inc. will occupy floors nine through 23 and part of 24, VaynerMedia will take the rest of floors 24 and 25, Intersection and Sidewalk Labs will take floor 26 and part of floor 27, L’Oréal USA will occupy the rest of 27 and floors 28 through 36, the Boston Consulting Group is leasing floors 42 through 47, and finally SAP is taking floors 48 through 52. Related Companies and Oxford Properties Group are the developers and Kohn Pedersen Fox is the design architect. Occupancy is expected in the spring.

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425 Park Avenue

41-Story, 670,000-Square-Foot Office Tower At 425 Park Avenue Lands Anchor Tenant, Midtown

In late 2014, YIMBY brought you new renderings of the Foster + Partners-designed 41-story, 897-foot-tall office tower under development at 425 Park Avenue, between East 55th and 56th streets in Midtown, and now project has secured its anchor tenant with a city-wide record-breaking lease. According to Real Estate Weekly, Chicago-based Citadel will take roughly 200,000 square feet in the 670,000-square-foot building, with rents as high as $300 per square foot on the tower’s penthouse floors. The project, being developed byL&L Holding and GreenOak Real Estate, is aiming for L.E.E.D. Gold and WELL certifications. This past summer, the developers secured a $556 million construction loan and the site’s 32-story office predecessor has since been significantly demolished. The lower portion of the existing structure will be utilized in the new building and completion is expected in late 2018.



5521 Eighth Avenue

Foundation Work Underway For Six-Story, 40-Unit Medical Office Building At 5521 Eighth Avenue, Sunset Park

In October of 2014, YIMBY revealed renderings of the planned six-story, 40-unit multi-use commercial building at 5521 Eighth Avenue, on the corner of 56th Street in Sunset Park, located seven blocks north of the N train’s stop on Eighth Avenue. The Brooklyn Daily Eagle reports foundation work is now underway on the 81,569 square-foot project, which will include 36 medical offices and four retail units. The retail space will measure 13,003 square feet in total and will span the ground floor and a mezzanine level. The medical offices will begin on the second floor and should average 1,180 square feet apiece. Flushing-based Andy Wong filed documents with the Attorney General’s office in January, which indicated the project is being valued at $76.3 million. Raymond Chan is designing and completion in 2017 seems likely.


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