The Real Deal New York

Town to open fifth office this weekend

November 02, 2011 03:15PM

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From left: Wendy Maitland, a managing director at Town, 45 Horatio Street (credit: PropertyShark) and Eric McCarthy, another Town managing director

Less than a year into its existence Town Residential is opening its fifth office this weekend in the West Village, the brokerage told The Real Deal.

The firm signed a lease for a 16-foot wide, three-story townhouse at 45 Horatio Street between Hudson and Greenwich streets. It will be managed by Wendy Maitland, who also serves as the managing director of Town’s Flatiron office at 110 Fifth Avenue, and Eric McCarthy, who previously served as a downtown managing director at Citi Habitats. Maitland will have a presence in both offices.

The opening comes just as Town’s Flatiron office and its Financial District office, at the corner of Greenwich and Rector streets, have reached capacity at 110 and 32 agents, respectively. The brokerage also has its headquarters at 730 Fifth Avenue and opened an office on Astor Place this summer. In total, it employs about 250 people.

“With our Flatiron and Financial District offices at capacity, this is the perfect time for us to be launching our next downtown location,” CEO and founder Andrew Heiberger said.

The new office will house about 25 agents that the firm will hire in the coming months. The office will include a high-end lounge, a fireplace, a concierge desk and a conference room. According to PropertyShark.com, the building is 2,700 square feet. Records indicate it was once home to Heiberger’s former venture, Buttonwood Real Estate.

Though the townhouse office is unconventional in size, the firm said it wanted a West Village presence, especially on the northern end of the neighborhood near the Meatpacking District and the High Line’s southern entrance. – Adam Fusfeld

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