The Real Deal New York

Posts Tagged ‘hudson square’

  • Trinity Church Hudson Square

    From left: 12-16 Vestry Street and One Hudson Square

    Trinity Real Estate is ground leasing four office buildings in Hudson Square.

    The 99-year lease on the properties — for which proposals were due last week — could fetch $1.25 billion or more as rents have skyrocketed to the mid-$70s in the area, according to the New York Post and Real Estate Alert. [more]

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  • From left: Bill de Blasio in the Bounce Exchange office in 2013 and the New York Times Building

    From left: Bill de Blasio in the Bounce Exchange office in 2013 and the New York Times Building

    Tech company Bounce Exchange inked a lease to take nearly 31,000 square feet at the New York Times Building. [more]

  • MAT HEDshot_02_058

    From left: Mary Ann Tighe, 850 Third Avenue and Peter Turchin

    Despite a low availability rate, Manhattan’s East Side office submarket saw asking rents drop last year while prices in surprising niche neighborhoods such as Hudson Square are booming.

    In fact, asking rents are now higher in Hudson Square, and the explanation, according to CBRE executives, is that office leasing is no longer about “location, location, location” as much as it is about product. [more]

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  • 537 Greenwich Street

    535 Greenwich Street

    UPDATED, Dec. 22, 3:27 p.m.: Ever since the 2013 rezoning of Hudson Square, the once-quiet commercial neighborhood has been a hotbed of residential development. But now the most unusual building yet could be coming to the rapidly changing area. [more]

  • The view from One Vandam, one of the buildings going up on the western edge of Soho.

    The view from One Vandam, one of the buildings going up on the western edge of Soho.

    From the December issue: The southernmost leg of Sixth Avenue has been more of a place to pass through than to visit since the 1920s, when the city blasted subway lines through parts of MacDougal and Sullivan streets, then covered the tracks with a new roadway. And developers may have been dissuaded from doing anything about that. The massive infrastructure project left the road, formally known as the Avenue of the Americas, lined with castaway lots whose odd shapes discouraged construction. [more]

  • From left: 108 Charlton Street and Kong Kee Food Corp.

    From left: 108 Charlton Street and Kong Kee Food Corp. in Long Island City

    Real estate investment firm Cape Advisors bought a Hudson Square warehouse for $26 million from longtime owner Yuet Tom Lam Kong of the Long Island City-based Kong Mee Food Corp., according to property records filed with the city today.   [more]

  • Trinity Church

    Trinity Church at 74 Trinity Place in Lower Manhattan

    Trinity Real Estate is branching out.

    The Jason Pizer-led real estate arm of the Episcopal Trinity Church is planning to build four luxury residential towers in Hudson Square as well as one partially residential tower close to Wall Street, according to Crain’s. Trinity oversees roughly 5.5 million square feet of office space in the city. [more]

  • ODA's Eran Chen and IGI CEO Eldad Blaustein with characters from 15 Renwick

    ODA’s Eran Chen, IGI CEO Eldad Blaustein and CORE’s Shaun Osher with characters from 15 Renwick

    Funky fashions and classic characters were on hand for the launch of 15 Renwick Street, hosted at the building’s sales center at 505 Greenwich Street. [PHOTOS]

  • A Cadillac CTS Sedan and 330 Hudson Street

    A Cadillac CTS Sedan and 330 Hudson Street

    Cadillac, General Motors’ luxury auto brand, is nearing a deal for 20,000 square feet of office space in Hudson Square. [more]

  • 219 Hudson Street

    Rendering of Hudson Square Hotel at 219 Hudson Street

    Medgar Evers College’s campus redevelopment in Crown Heights and two former Italian soccer stars’ Hudson Square Hotel are among the latest projects to receive a new batch of mind-blowing renderings in the past week or so. Click here for a slideshow and more.

  • squarespace

    225 Varick Street and Squarespace

    Website builder Squarespace is close to signing a lease for 100,000 square feet at Trinity Real Estate’s 225 Varick Street in Hudson Square.

    The tenant is expected to pay in the mid-$60s per square foot for the three-floor space, covering the 10th, 11th and 12th floors. Merrill Corp., the last printing house in the neighborhood, formerly occupied the space, which it used for language translation services. [more]

  • Related's Jeff Blau and 261 Hudson Street

    Related’s Jeff Blau and 261 Hudson Street

    Long considered a secondary neighborhood to Soho to the east and Tribeca to the south, Hudson Square is having its moment. [more]

  • From left: Paolo Maldini, Hudson Square Hotel rendering and Christian Vieri

    From left: Paolo Maldini, Hudson Square Hotel rendering and Christian Vieri

    A pair of retired Italian soccer stars reportedly have plans to develop a hotel at the corner of Hudson and Canal streets. [more]

  • hudson-square

    Hudson Square Connection and Signe Nielsen

    The Hudson Square Connection Business Improvement District is seeking suggestions for part of its $27 million plan to transform the city’s former printing district.

    At a public discussion on Thursday evening, the BID and architecture firm Mathews Nielsen Landscape Architects hope to solicit opinions from the Lower Manhattan community on its plans to redesign Soho Square, which will serve as a gateway to a revamped stretch of Spring Street. [more]

  • OurLadyVilniusExt_tmb

    Our Lady of Vilnius

    Condo developer Agime Group LLC has plunked down nearly $31 million for adjacent lots in the Hudson Square area – including a shuttered church that Gary Barnett’s Extell Development bought last year. According to property records, Agime paid Extell $18.4 million for the lot at 568 Broome Street, site of Our Lady of Vilnius, which Extell acquired last year for $16.5 million. Agime also bought the adjacent walkup at 572 Broome Street for $12.3 million from seller Linda Sousa, according to property records. Sousa inherited the brick walkup from her aunt and uncle, who bought the building 1955 for $18,500, according to a 2006 article in The New York Times. [more]

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  • 537-545 Greenwich Street

    537-545 Greenwich Street

    A six-story, fire-proof warehouse on Greenwich Street has sold for $52 million, Tuesday’s property records indicate. [more]

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  • 68 Charlton Street in its current state

    68 Charlton Street in its current state

    Extell Development has submitted plans for a 22-story residential building at 68 Charlton Street in Hudson Square that would reportedly bring the neighborhood its first affordable housing.

    The proposal includes 116 total units, 91 of which would be market-rate co-ops and 25 of which will be affordable rentals. Among the reduced-rate units, the breakdown would be 22 two-bedroom apartments and three studios, ranging from a rental rate of $830 per month to $1,080 per month.  [more]

  • Michael Shvo

    Michael Shvo

    UPDATED, 12:30 p.m., Jan. 10: High-flying broker-turned-developer Michael Shvo has closed on his next big deal – the $130 million acquisition of a Soho development site that could become a new residential tower of up to 280,000 square feet.

    Shvo teamed up with Erez Itzhaki and equity partners Halpern Real Estate Ventures, Bizzi & Partners and Aronov Development to buy the 20,000-square-foot assemblage site at 100 Varick Street, located on the western end of the blockfront bounded by Watt, Broome and Varick streets. [more]

  • From left: Jeff Green and 100 Vandam Street

    From left: Jeff Greene and 100 Vandam Street

    Billionaire Jeff Greene has switched tactics in Hudson Square. Rather than build a 140,000-square-foot condominium project at 100 Vandam Street, as he told The Real Deal he would do, he has decided to sell the parcel for $150 million, or three times what he paid last year. The move follows a contentious rezoning of the area that will allow for bigger residential developments. [more]


  • 330 Hudson Street

    Beacon Capital Partners brought together hundreds of real estate movers and shakers to show off its 330 Hudson Street, a glistening Class A office tower that is the latest example of the commercial turn that West SoHo is taking. See the photos after the jump.


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