New York-based investment group 601W Companies has landed $375 million to finance the acquisition, renovation, and lease-up of Harborside 1-3, a three-building office complex in Jersey City. The property flanks the Hudson River and comprises more than 2 million square feet of commercial space.
Construction is continuing on Terminal Warehouse, where a seven-story commercial addition is being erected above the historic 132-year-old building at 261 Eleventh Avenue in West Chelsea, Manhattan. Designed by COOKFOX Architects and developed by L&L Holding Company and Columbia Property Trust, the $1.25 billion project was approved by the Landmarks Preservation Commission in January 2020 and consists of an indoor-outdoor renovation that will yield a mix of Class A office suites, retail space, and multiple dining options on the ground floor. DeSimone Engineering is performing the structural engineering, and New Line Structures & Development is the general contractor for the property, which spans a full city block bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and West Street to the west.
Renovation work is moving along on 111 Wall Street, a 25-story commercial building in Manhattan’s Financial District. Designed by STUDIOS Architecture and developed by Wafra Capital Partners and The Nightingale Group, the $100 million project involves the replacement of the structure’s midcentury façade with a modern glass curtain wall and the full gut renovation of its 1.5 million square feet of office space, as well as the construction of an expanded lobby and amenity spaces designed by URBN Playground on the lower floors. Hunter Roberts Construction Group is the general contractor and JLL is handling leasing for the property, which is bound by Wall Street and Mannahatta Park to the northeast, Front Street to the northwest, South Street and the FDR Drive to the southeast, and Gouverneur Lane to the southwest.
Exterior work continues on 1162 Broadway, a 13-story commercial building in the Madison Square North Historic District of NoMad. Designed by Morris Adjmi Architects and developed by 1162 Broadway LLC, the 185-foot-tall structure will yield Class A office space and 1,800 square feet for a restaurant on the ground floor and cellar level. On Star Management is the general contractor for the property, which is located between West 27th and 28th Streets.
Exterior work is getting closer to completion on Claremont Hall, a 41-story residential tower at 100 Claremont Avenue in Morningside Heights, Manhattan. Designed by Robert A.M. Stern Architects and SLCE Architects and developed by Lendlease, Daiwa House Texas, and LMXD, an affiliate of L+M Development Partners, the 354,000-square-foot building will yield 165 condominium units in one- to four-bedroom layouts as well as new classrooms, office space, and faculty housing for Union Theological Seminary. Lendlease is the general contractor for the property, which is located by the corner of Claremont Avenue and West 122nd Street.
