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New York

Office tower planned for site of West Chelsea lumber yard

A new $80 million glass office tower is coming to the corner of West 15th Street and Ninth Avenue, a site currently occupied by the well-known lumber yard Prince Lumber, DNAinfo reported.

The new 12-story structure, to be named Prince Tower, will have three floors of retail space and high-tech offices, with a total of 172,000 square feet on offer.

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Expected to open in January 2016, the building was designed by architects at Kohn Penderson Fox Associates, who also designed the Hudson Yards development. Newmark Grubb Knight Frank will advise the building owners and aid in the search for tenants, but DNAinfo did not report the identity of the developers.

The new structure will displace one of the neighborhood’s last industrial holdouts – the lumber yard has been in the area since 1982. The company is to move up to West 47th Street later this year, staff told DNAinfo.

“We’ve been here a long time, but the neighborhood’s changed around us,” one lumber yard staffer told DNAinfo, declining to give his name. [DNAinfo] – Julie Strickland