In Hudson Square, Trinity looks to fashion tenants

New York /
Oct.October 16, 2012 08:30 AM

Hudson Square, known for its industrial vibe and its media and tech industry tenants, could soon undergo a stylish transformation According to the New York Observer, Trinity Real Estate has begun targeting the fashion industry and with some success.

In recent months designer Thakoon Panichgul took 12,000 square feet of space at 225 Varick Street. Tory Burch and 3.1 Phillip Lim also have offices in the neighborhood.

However, vacancy rates in the area remain relatively low—  approximately 8.2 percent in the third quarter of 2012, according to data from Jones Lang LaSalle. But unlike neighboring Greenwich Village, the spaces in Hudson Square are relatively large, which could appeal to certain commercial tenants. “In Hudson Square, you’re going to find larger buildings with larger footprints,” Greg Taubin of Studley, said.

But Trinity isn’t just trying to attract those in the fashion and tech industries. It is also spearheading a push to draw more residential development into the area, adding pedestrian plazas and tree-lined space with tables and chairs and wider sidewalks, according to the Observer. [NYO]Christopher Cameron


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