Massive Kent Avenue project lands fashion brand as first tenant

Kith takes 58K sf at Williamsburg’s first ground-up commercial building in decades

New York /
Dec.December 17, 2019 12:59 PM
Kith Founder Ronnie Fieg, and a rendering of 25 Kent Avenue (Credit: Getty Images and Kith)

Kith Founder Ronnie Fieg, and 25 Kent Avenue (Credit: Getty Images and Kith)

The fashion brand Kith has signed a lease for almost 58,000 square feet at 25 Kent Avenue in Williamsburg.

The project was previously pitched as a possible second headquarters for Amazon. Kith will be its first tenant, Bloomberg reported Monday. The building stands eight stories tall and is the first ground-up commercial building developed in Williamsburg in more than 40 years.

About 90 Kith employees will work in the property. The company plans to relocate its headquarters from Soho, according to Bloomberg.

Construction at 25 Kent was completed in July without any commitments from tenants. The building spans 500,000 square feet and was designed for office tenants, but has a component for light manufacturing.

The developers, Rubenstein Partners and Heritage Equity Partners, hope to fill the building by mid-2021, Rubenstein’s director of acquisitions Jeff Fronek told Bloomberg.

“Manufacturing was always viewed as a catalyst for the building,” he said. “A lot of the office users wanted to understand who the manufacturing tenants would be to make sure there was compatibility.” [Bloomberg]Eddie Small


Related Articles

arrow_forward_ios
WATCH: Here’s what Two Trees has planned for its Williamsburg “River Ring” site
WATCH: Here’s what Two Trees has planned for its Williamsburg “River Ring” site
WATCH: Here’s what Two Trees has planned for its Williamsburg “River Ring” site
Two Trees CEO Jed Walentas and renderings of the controversial project. (Getty, James Corner Field Operations / Bjarke Ingels Group)
Two Trees says it will sell Williamsburg site if rezoning isn’t approved
Two Trees says it will sell Williamsburg site if rezoning isn’t approved
Toby Moskovits (Google Maps, Supreme Court of the State of New York)
Fortress files to foreclose on Toby Moskovits’ Bushwick hotel site
Fortress files to foreclose on Toby Moskovits’ Bushwick hotel site
The parcel of Williamsburg land is listed at $65 million. (B6 Real Estate Advisors)
Cayuga Capital selling Williamsburg assemblage for $65M
Cayuga Capital selling Williamsburg assemblage for $65M
A rendering for 118 Hope Street and Clipper Equity’s David Bistricer (Photos via Clipper Equity)
Bistricer lands $79M loan for Williamsburg multifamily project
Bistricer lands $79M loan for Williamsburg multifamily project
Ron Perelman and 39 East 62nd Street (Getty, Google Maps)
Manhattan office properties trade at a discount
Manhattan office properties trade at a discount
Heritage Equity Partners' Toby Moskovits and the Williamsburg Hotel at 96 Wythe Avenue (Moskovits via Sasha Maslov; Hotel via Williamsburg Hotel)
Toby Moskovits’ Williamsburg Hotel enters bankruptcy
Toby Moskovits’ Williamsburg Hotel enters bankruptcy
RedSky Principal Benjamin Bernstein and a section of the prooperties along N6th in Williamsburg. (RedSky)
RedSky hands over Williamsburg retail portfolio valued at $145M
RedSky hands over Williamsburg retail portfolio valued at $145M
arrow_forward_ios

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

Loading...