The Real Deal New York

Posts Tagged ‘jamestown properties’

  • From left: interior of Arts & Fleas space and exterior of Chelsea Market

    From left: interior of Arts & Fleas space and exterior of Chelsea Market

    The owner of Chelsea Market has recently found success in allowing tenants to try out properties before signing on long-term. [more]

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  • From left: Chelsea Market at 75 Ninth Avenue, Google's Larry Page and Sergey Brin and 111 Eighth Avenue

    From left: Chelsea Market at 75 Ninth Avenue, Google’s Larry Page and Sergey Brin and 111 Eighth Avenue

    Google is expanding further at Jamestown Properties’ Chelsea Market, The Real Deal has learned. The search giant is taking 17,658 square feet on the second floor of the 75 Ninth Avenue building, where it now has over 300,000 square feet. [more]

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  • Michael Phillips and One Times Square

    Michael Phillips and One Times Square

    Jamestown Properties’ One Times Square, which is best known as the home of the New Year’s Eve ball drop, is a largely vacant building splattered with graffiti. But the building still rakes in over $23 million annually from its lucrative advertising signage — accounting for more than 85 percent of its revenues. See full story and video after the jump.

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  • lionsgate

    From left: “Hunger Games” star Jennifer Lawrence, 530 Fifth Avenue and David Falk

    Jamestown Properties and Rockwood Capital signed film distributor Lions Gate Entertainment, which releases the “Hunger Games” films, to their Midtown East office tower, 530 Fifth Avenue. [more]

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  • From left: Brook Lopez, Paul Pierce, Deron Williams, Joe Johnson, Kevin Garnett and a rendering of Industry City

    From left: Brook Lopez, Paul Pierce, Deron Williams, Joe Johnson, Kevin Garnett and Industry City

    Sunset Park’s Industry City, having shored up leases with Williams Sonoma and high-end guitar maker Fodera, has now inked a deal for a $50 million Brooklyn Nets training facility. [more]

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  • Industry City in Sunset Park, Brooklyn

    Industry City in Sunset Park, Brooklyn

    The current tenants of Sunset Park’s Industry City, despite the new ownership’s aim to grow the 16-building site as a new hub of manufacturing and tech, are likely to stay happily in place. [more]

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  • milk

    450 West 15th Street and Kyle Ciminelli

    Jamestown Properties has signed up biopharmaceutical firm Intercept as a new tenant at the Milk Studios building, a 281,000-square-foot, eight-story office property bordering the High Line in the Meatpacking District.

    Intercept, which develops medicine to treat chronic liver disease, agreed to a 10-year, 11,124-square-foot lease for part of the fifth floor at 450 West 15th Street between Ninth and 10th avenues. The deal includes a commitment to expand by 9,500 square feet next year. Rent starts in the low-$70s per square foot in the second year, after one year of free rent. [more]

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  • From left: the Chelsea Market and the Falchi building at 31-00 47th Avenue in Long Island City

    From left: the Chelsea Market and the Falchi building at 31-00 47th Avenue in Long Island City

    Jamestown Properties, the owner and developer of the Chelsea Market, will bring a version of the market to the Falchi building in Long Island City. In April, Jamestown indicated that plans were in the works to convert the building, at 31-00 47th Avenue, to a market with artisanal vendors, as The Real Deal reported. [more]

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  • From left: Jamestown's Michael Phillips and 882 3rd Avenue

    From left: Jamestown’s Michael Phillips and 882 3rd Avenue

    The investor trio in contract to buy a stake in Sunset Park’s Industry City is making a push for government funding and greater control of the complex. [more]

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  • NYC manufacturers face space drought

    August 26, 2013 09:18AM
    The Brooklyn Army Terminal

    The Brooklyn Army Terminal

    The city’s manufacturing community is increasingly getting pushed out amid rising demand for space, despite major redevelopment efforts at the Brooklyn Navy Yard and the Brooklyn Army Terminal. The Navy Yard is home to 330 companies where 6,000 people work, but its immense popularity has meant a long waiting list that has driven manufacturers to seek space elsewhere. Another popular project is the 4 million-square-foot Brooklyn Army Terminal, where the city has invested $165 million since 1981 on rehabilitation. But that space is now 99 percent full. [more]

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  • Industry City in Sunset Park, Brooklyn

    882 3rd Avenue, Brooklyn

    Chelsea Market owner Jamestown Properties is on the brink of acquiring a stake in an industrial warehouse complex in Brooklyn’s Sunset Park, Crain’s reported. [more]

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  • Andrew Kimball and an aerial view of the Brooklyn Navy Yard

    Andrew Kimball and an aerial view of the Brooklyn Navy Yard

    Andrew Kimball, who spearheaded the development of the Brooklyn Navy Yard into an industrial, tech and media hub, will join Jamestown Properties as its director of innovation economy initiatives, GlobeSt reported. Kimball officially served as the president and CEO of the Brooklyn Navy Yard Development Corp., the group that oversees the 300-acre waterfront area. [more]

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  • 90-fifth

    90 Fifth Avenue

    Deutsche Asset & Wealth Management, an arm of Deutsche Bank, is close to gaining an ownership stake in 90 Fifth Avenue, the former home of Forbes, Crain’s reported.

    The deal, in which Deutsche is seeking a preferred equity stake, would value the 11-story, 140-square-foot property at $115 million. Multiple parties remained in talks to potentially buy a stake in the property, the newspaper said. [more]

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  • Brooklyn Bridge Park

    Brooklyn Bridge Park

    Several big-name developers are clamoring for the right to develop three separate sites at Brooklyn Bridge Park, Crain’s reported. [more]

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  • From left: the Chelsea Market and the Falchi building at 31-00 47th Avenue in Long Island City

    Is a Chelsea Market-type mixed-use development coming to Long Island City? Jamestown Properties, the owner and developer of the Chelsea Market, is considering transforming an office property it nabbed there last year into a similar type of marketplace, said the company’s chief operating officer, Michael Phillips. [more]

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  • 450 W. 15th St. and Larry Gluck

    Thanks in part to an unusual piece of seller-financing, Jamestown Properties has closed on its $295 million purchase of the Milk Studios building from Stellar Management, city records show. Records filed with the city Friday show a transfer price of $284.4 million, but The Real Deal has learned that the sale price actually ticks in at $295 million. The New York Post reported in early December that the 281,361-square-foot property, located at 450 West 15th Street in the Meatpacking District, was approaching a sale for $300 million. [more]

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  • Chelsea Market deal forgets food vendors

    January 25, 2013 09:30AM

    Chelsea Market’s food concourse

    With the expansion of the Chelsea Market approved, some worry that the historic building’s food concourse will shrink or be removed, DNAinfo reported. Despite claims by City Council Speaker Christine Quinn that  it would be protected, Jamestown Properties — the building’s landlord — has no legal obligation to keep the concourse following the expansion.  [more]

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  • Chelsea Market

    The City Council’s approval of the controversial Chelsea Market expansion will soon send two office towers soaring above the former warehouse building. But before construction gets underway, the existing landmarked building will undergo an interior renovation that will add eight new retail spaces without altering the structure’s exterior, according to the New York Times. [more]

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  • From left: a rendering of Chelsea Market and Council Speaker Christine Quinn

    The City Council voted unanimously today to approve the rezoning of Chelsea Market, paving the way for developer Jamestown Properties to build a nine-story office tower atop the converted cookie factory.

    Over the course of the approval process, Jamestown had made several concessions to city planning officials and opponents of the project, nixing a plan to build a hotel and earmarking money for affordable housing. [more]

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  • Jamestown CEO Matt Bronfman

    Jamestown Properties may abandon a deal to buy a Fifth Avenue office building after the tenant, a unit of financial publisher Forbes Media, repeatedly failed to pay rent, the Wall Street Journal reported, citing anonymous sources familiar with the situation.

    Jamestown, the Atlanta-based developer that is also seeking to expand the Chelsea Market, was set to pay $115 million for the 11-story property. But shortly after the company struck a deal with the building’s owner, RFR Realty, in July, the Forbes unit stopped paying rent, sources told the Journal. [more]

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