Taconic, Square Mile to bring retail and office building to Meatpacking

New York /
Nov.November 01, 2011 10:15 AM
alternate
text
From left: Taconic Investment Partners co-CEO Paul Praiser, 837 Washington Street (credit PropertyShark) and a rendering of the forthcoming structure (credit Morris Adjmi Architects)

Taconic Investment Partners and Square Mile Capital Management are set to begin construction at 837 Washington Street in the Meatpacking District, and transform an empty two-story meatpacking structure into a six-story glass building with retail and office space.

The New York Post reported that the Morris Adjmi-designed building, between Little West 12th and West 13th streets, will put four glass- and steel-covered stories atop the existing two levels, making for a 54,000-square-foot building with 27,000 square feet of retail on the first three floors. The remaining space is slated for offices. The plan has Landmark Preservation Commission approval and will include terraces and a roof deck with views.
The building had once been owned by disgraced Manhattan Republican party leader James Ortenzio, who sold it in 2008 to a now-deceased florist, before Square Mile wrestled away control.

Taconic CEO Paul Praiser estimated the development cost to be more than $400 per buildable square foot and said he’s hoping that one tenant will take the entire building.
Praiser said he would seek a rent near $600 per foot for the ground floor.

Meanwhile, one block north, Romanoff Equities is planning a 10-story residential tower at another dilapidated meatpacking warehouse. [Post, 1st item]


Related Articles

arrow_forward_ios
A&E’s Doug Eisenberg and Square Mile’s David Greenberg with 160 Riverside Boulevard (A&E Real Estate, Square Mile Capital Management, Google Maps)
Square Mile bankrolls A&E’s $415M UWS apartment deal
Square Mile bankrolls A&E’s $415M UWS apartment deal
Taconic's Charles Bendit and Paul Pariser with rendering of One Essex Crossing (Taconic Partners, VMI Studio)
Essex Crossing developers land $466M refi
Essex Crossing developers land $466M refi
Largest Real Estate Loans Topped $2.5B in December, including: 601 Lexington Avenue, 441 Ninth Avenue & 360 Park Avenue South (BXP, Hudson Commons, 360 Park Avenue South, iStock)
Ten biggest Manhattan real estate loans in December top $2.5B
Ten biggest Manhattan real estate loans in December top $2.5B
Taconic, Clarion grab $130M loan on Bronx housing complex
Taconic, Clarion grab $130M loan on Bronx housing complex
Taconic, Clarion grab $130M loan on Bronx housing complex
Bill Gates and 619 West 54th Street (Getty, Taconic Partners)
Bill Gates-backed bio startup expanding in NYC
Bill Gates-backed bio startup expanding in NYC
30-77 Vernon Boulevard and Cape Advisors CEO Craig Wood (All images via Cape Advisors)
Astoria waterfront project nabs $280M financing package
Astoria waterfront project nabs $280M financing package
60 Norfolk Street and 1607 Surf Avenue (Credit: Google Maps)
The top 10 biggest real estate projects coming to NYC
The top 10 biggest real estate projects coming to NYC
Clockwise from bottom left: 62-60 99th Street in Rego Park, 850-870 Third Avenue in Sunset Park and Square Mile Capital’s Craig Solomon with renderings of 550 Clinton Avenue in Brooklyn (Credit: Google Maps; Getty Images; Morris Adjmi Architects)
These were the top outer borough loans last month
These were the top outer borough loans last month
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...