The Real Deal New York

Posts Tagged ‘hudson square’

  • 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]

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  • 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]

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  • 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]

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  • 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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  • From left: Leontyne Price and 9 Vandam Street

    From left: Leontyne Price and 9 Vandam Street

    A Hudson Square townhouse that belonged to one of the nation’s first African American opera singers has sold for $4.2 million, according to records filed with the city today.

    Leontyne Price’s home, at 9 Vandam Street between Sixth Avenue and Varick Street, is a “fading beauty,” according to the listing, with Laura Denise Milkowski and Michael Beam of Brown Harris Stevens. [more]

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  • hudson-square

    Hudson Square map

    From the July issue: Hudson Square, a partly industrial area sandwiched between the trendy downtown neighborhoods of Soho and Tribeca, is characterized by gas stations, warehouses and postal facilities. Over the last decade, creative industries have begun leasing office space in the area, but until now, the neighborhood has remained largely deserted at night and on weekends. [more]

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  • 68-74 Trinity Place

    68-74 Trinity Place

    Executives at Trinity Church in the Financial District are considering building a 25-story residential tower above its ministry offices, DNAinfo reported. [more]

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  • Edward Minskoff and 101 Sixth Avenue (building credit: PropertyShark)

    Edward Minskoff and 101 Sixth Avenue (building credit: PropertyShark)

    Updated, 10:24 a.m., July 2: A hedge fund manager has taken 60,000 square feet at Edward Minskoff’s 101 Sixth Avenue, in the latest sign of once-gritty Hudson Square’s growing appeal to financial companies, the Wall Street Journal reported.

    Two Sigma Investments, which has $13.7 billion assets under management, already occupies space at 100 Sixth Avenue, as well as in three buildings on West Broadway and Spring Street. The company, which touts its lack of “Wall Street swagger,” declined to comment to the Journal on the move. [more]

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  • 1_hudson_square

    One Hudson Square

    New York Media, which publishes New York magazine, inked a 10-year direct lease for 80,500 square feet at One Hudson Square, the New York Observer reported.

    Asking rents are $65 per square foot at the Trinity Real Estate-owned building, at Church Street and West Broadway in the increasingly popular area, which is set to be rezoned if all goes as planned. The company will continue to operate on the entire fourth floor. New York Media’s sublease recently expired, the Observer said. One Hudson Square is now fully leased, with Getty Images, Metropolitan College and the Jackie Robinson Foundation among its tenants. [more]

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  • From left: Gary Barnett, the site at 68-74 Charlton Street and John Angelo

    From left: Gary Barnett, the site at 68-74 Charlton Street and John Angelo

    Updated, 5:41 p.m., June 3: Extell Development has recapitalized its long-term leasehold at a Hudson Square development plot by selling a 90 percent stake in the site for $52 million to investment firm Angelo, Gordon & Co., city records filed today show. [more]

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  • Marina Abramović and 54 King Street
    (Building photo via StreetEasy)

    Serbian performance artist Marina Abramović sold her 4,600-square-foot townhouse at 54 King Street in Soho for more than $3 million, according to city records seen by the New York Observer.

    Last month, she landed a $2.65 million two-bedroom spread at 330 Spring Street, dubbed the Urban Glass House. Her current digs were sold to Italian fashion designer and Givenchy creative director Riccardo Tisci at $666 per square foot, the Observer said. [more]

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  • Hudson Square

    The City Council voted Wednesday to approve the rezoning of Hudson Square in Lower Manhattan. The rezoning will allow developers — including the area’s dominant player Trinity Real Estate — to move forward with several large-scale hotel and residential projects.

    As part of the approval process, Speaker Christine Quinn secured a commitment for a vote on landmark status for the adjacent South Village Historic District, according to a statement from Greenwich Village Society for Historic Preservation, a preservation group. But community activists were concerned that the city did not discuss any landmark designations for sites south of Houston Street, which is home to nearly half of the proposed district.  [more]

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  • 350 Hudson Street

    350 Hudson Street (credit: PropertyShark)

    PepsiCo has signed a five-year lease for a 19,800-square-foot space at 350 Hudson Street — its first office space in Manhattan, the New York Observer reported. [more]

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  • Hudson Square

    Hudson Square moved a step closer today to getting more new housing when two City Council committees approved a controversial proposal by the property arm of Trinity Church to rezone the Lower Manhattan neighborhood, the New York Observer reported.

    The zoning and land use committees signed off a plan that would let developers build 2,000 to 3,000 new apartments — many of them affordable — into the neighborhood.  The full council is expected to OK the plan later this month; if the plan gets the nod, the rezoning will take effect immediately.  [more]

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  • From left: 345 Hudson Street and an aerial view of the Hudson Square area, set to be rezoned

    iN DEMAND, the entertainment company that pioneered the delivery of video and television content on an “on demand” basis, has renewed its lease for nearly 50,000 square feet at Trinity Real Estate’s s 345 Hudson Street, a representative for the landlord told The Real Deal today. [more]

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  • A view of the manufacturing buildings near Spring and Hudson streets

    A City Council hearing on a rezoning of Hudson Square that would make way for new residential development will take place Tuesday, the Wall Street Journal reported. What has traditionally been a bustling district during the day but a sleepy one after work hours would stand to be rejuvenated by the rezoning. Trinity Real Estate, the area’s largest landlord, intends to build new apartments in the area. The rezoning was approved by the City Planning Commission last month…. [more]

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  • Hudson Square

    The City Planning Commission voted today to approve a proposal to rezone Hudson Square to allow for a more mixed-use neighborhood with larger buildings. The proposal now heads to City Council, which will have 50 days to conduct a public hearing and vote on whether the rezoning will take effect. [more]

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  • Hudson Square, where Trinity Real Estate seeks to build new towers

    Manhattan Borough President Scott Stringer gave the rezoning of Hudson Square his conditional approval yesterday, though not without extracting some concessions from major landlord Trinity Real Estate, which hopes to erect new residential towers in the area, the New York Observer reported.

    Trinity hopes to build new apartments in what has primarily been a commercial area. The agreement reached yesterday would limit those towers’ height to 290 feet, rather than the 320 Trinity had sought. The rezoning affects 20 potential developments, the Observer said. [more]

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  • From left: Benjamin Jealous, head of the NAACP and 99 Hudson Street

    Updated at 2:30 p.m. The National Association for the Advancement of Colored People has sold three floors of a commercial condominium at 99 Hudson Street for $18.5 million, according to records filed with the city today.

    The buyer was a company formed two years ago by a pair of former Tishman Speyer executives, called JMC Holdings, the Wall Street Journal reported yesterday. JMC founders Matt Cassin and David Taylor plan to gut the space and renovate it, and have tapped CBRE to lease the space, the Journal said. [more]

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  • 350 Hudson Street

    As Trinity Real Estate seeks to transform Hudson Square into a round-the-clock hotspot, the landlord has finalized a lease in the neighborhood with Medidata Solutions, a company that provides cloud-based medical data, the company said today.

    Medidata is taking almost 100,000 square feet of space at Trinity’s 350 Hudson Street, according to the statement. The technology firm will take three full floors, as anticipated in previous reports, at the Hudson Square area building. [more]

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