The Real Deal New York

Architecture firm EverGreene inks 19K sf lease in Industry City

Firm will move 50 employees from Manhattan to new digs in January
August 18, 2016 01:15PM

Jeff Greene and Industry City renderings

Jeff Greene and Industry City

Specialty contractor and architecture firm EverGreene Architectural Arts, whose current projects include the New York Public Library and Bergdorf Goodman, is moving its home base to Industry City.

Jeff Greene’s firm signed a 19,000-square-foot lease at Building 3 of the 16-building waterfront complex in Sunset Park, the Commercial Observer reported. Asking rents in the building, located at 252 36th Street, range from $15 per square foot to $35 per square foot.

EverGreene, which currently works out of 450 West 31st Street in Chelsea, plans to relocate its 50 employees in January, and it has already hired several employees through Industry City’s Innovation Center, a public-private employment center located onsite.

In addition to restoration, design and mural studios, EverGreen’s new space will accommodate wallpaper manufacturing and other crafts.

The lease was brokered by Industry City’s in-house brokers Kathe Chase, Jeff Fein and Brett Harvey. Other Building 3 tenants include Design Within Reach, Danielle Trofe Design and Force Majeure Design.

Industry City developers Jamestown, Belvedere Capital and Angelo, Gordon & Co. TRData LogoTINY, bought a stake in the property in 2013, partnering with investors Ruby Schron of Cammeby’s International and the Fruchthandler family.  In 2015, they disclosed plans to invest close to $1 billion in the 16-building complex, which will include a research facility and nearly 1 million square feet of retail.

In June, the developers embarked on the next phase of the massive project: an $8 million, 125,000-square-foot retail hub known as “Innovation Alley.” [CO] — E.B. Solomont