The Real Deal New York

Posts Tagged ‘450 west 14th street’

  • 450-Ashner

    450 West 14th Street (Photo credit: View The Space) and Michael Ashner

    Winthrop Realty Trust, the publicly traded real estate investment company, is accusing its landlord at the 15-story Meatpacking structure known as the High Line Building of refusing to provide a typically non-controversial document the company needs to secure a $55.25 million loan.

    The Boston-based Winthrop, headed by CEO Michael Ashner, through its company High Line Development, claims the landlord of 450 West 14th Street is holding back on providing a certification that the lease is in good standing. [more]

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  • Harry Macklowe’s Drake Hotel site at 440 Park Avenue may be the most valuable development site in New York City, according to a recent list compiled by the New York Observer. It is closely followed by David Levinson’s 425 Park Avenue and the World Trade Center site, in positions two and three respectively. 

    The Observer’s list, made in honor of a slew of recent development following a slow start to the year, was compiled using data from Cassidy Turley, Co-Star and its own reporting. 

    Bringing up the rear of the list in positions nine and 10 are Boston Properties and Related project 740 Eighth Avenue and a 100,000-square-foor glass tower at 450 West 14th Street, atop the High Line.  … [more]

  • Business hub forms in Meatpacking District

    November 08, 2010 04:30PM

    Since the High Line opened less than two years ago, a small business district is beginning to form nearby in the Meatpacking District, the Wall Street Journal reported. A 15-story tower at 450 West 14th Street is being developed and a second one at 860 Washington Street was approved by the city. A joint effort between Taconic Investment Partners and Square Mile Capital wants to add a third office building, and plans to seek city approvals tomorrow for a 50,000-square-foot glass structure. These three projects mark the development of a fledgling office district, in contrast to the neighborhood of West Chelsea where a spate of new residential towers is being built. While West Chelsea was rezoned in 2003 to allow for residential projects, the Meatpacking District still maintains its manufacturing zoning. However, with the arrival of the High Line came new office space, which is permitted in manufacturing areas, as are hotels and nightclubs. [WSJ]


  • High Line project to finally get glass wall

    September 08, 2009 10:36AM

    The unfinished office project adjacent to the High Line at 450 West
    14th Street should be getting its curtain-wall glass in a few weeks,
    the New York Post reported. The wall was slated to go up nearly three
    months ago, but the Department of Buildings issued a partial stop-work
    order for the site Aug. 3, due to the site’s lack of a sidewalk shed.
    The order stopped any work above 40 feet. A shed will go up this week,
    allowing work on the site to resume. Two of the 10 office floors in the
    building have been leased to fashion brand Helmut Lang, and leases are
    out on other floors, according to leasing agent Brian Waterman of
    Newmark Knight Frank. … [more]