Thor playing with fire at 155 Mercer St.

New York /
May.May 13, 2013 10:00 AM

Thor Equities is looking to overhaul the former headquarters of the New York City Fire Department in Soho, the New York Times reported.

Fireman’s Hall, located at 155 Mercer Street, was home to several fire companies until 1974, at which point it became a hub for art organizations and the Joyce Theater. Thor’s CEO Joseph Sitt purchased the building last year, and has the ability to build a completely new structure at the site.

But in order to offer lucrative retail space on the ground floor, Thor must secure a special permit, and recreating the original façade of the 1855 building would help them secure it. To this end, Thor has hired PKSB Architects, which will retain the original ground-floor cast-iron front, build the brownstone out of precast concrete, and leave out the element crowning the old building.

Sitt recently secured rents in excess of $2,000 per square foot at the Takashimaya building, as The Real Deal reported. [NYT]  –Hiten Samtani

 

Related Articles

arrow_forward_ios
Thor Equities Group Chairman Joseph J. Sitt. (Thor)
Thor facing foreclosure on Harlem rental building
Thor facing foreclosure on Harlem rental building
Jeff Bezos of Amazon, Joe Sitt of Thor Equities and an aerial of the Red Hook site. (Getty, Thor, Google Maps)
Thor Equities nabs financing for Amazon warehouse in Red Hook
Thor Equities nabs financing for Amazon warehouse in Red Hook
Joe Sitt and Charles Scribner’s Sons Building in Midtown (Thor, Google Maps)
Thor’s $150M loan on 597 Fifth heads to special servicing
Thor’s $150M loan on 597 Fifth heads to special servicing
The Scribner Building at at 597 Fifth Avenue and Joe Sitt of Thor Equities (Wikipedia Commons)
Thor delinquent on $105M loan at 597 Fifth
Thor delinquent on $105M loan at 597 Fifth
Amazon's Jeff Bezos, Thor Equities' Joseph Sitt, and 280 Richards Street (Photos via Getty; Thor Equities)
Amazon inks deal for 312K-sf at Thor’s Red Hook warehouse
Amazon inks deal for 312K-sf at Thor’s Red Hook warehouse
Stefano Ricci, Joe Sitt and 118-120 Northeast 39th Street (Getty, Thor, Google Maps)
Thor Equities sues to evict Stefano Ricci from Miami Design District
Thor Equities sues to evict Stefano Ricci from Miami Design District
SL Green CEO Marc Holliday, 590 Fifth Avenue and Thor Equities CEO Joseph Sitt (Holliday via Grant Lamos IV/Getty Images; Google Maps)
SL Green moves to foreclose on Thor’s 590 Fifth Ave
SL Green moves to foreclose on Thor’s 590 Fifth Ave
Thor Equities’ Joe Sitt and a rendering of 933 Broadway (Credit: Thor)
Thor Equities sues Mactaggart over latest broken deal
Thor Equities sues Mactaggart over latest broken deal
arrow_forward_ios

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

Loading...