Samsung set to beat out Facebook, Google at 837 Washington
Electronics giant close to inking full-building lease at hot property in Meatpacking District
Samsung Electronics is close to leasing the entire building at 837 Washington Street in the Meatpacking District.
Facebook, Google and Ferrari have also been bidding to lease out the whole property.
Asking rent for the ground floor of the 55,000-square-foot glass building between Little West 12th and 13th streets is $500 per square foot, the New York Observer reported.
Samsung already opened a hands-on innovation and design center called Samsung Living Atelier in the building, which is being developed by Thor Equities and Taconic Investment Partners.
The property, which is located across from the Whitney Museum’s new location, has a roof that overlooks the High Line. The development includes more than 7,000 square feet of outdoor space on the second and third floors. When the building is completed later this year, the property will boast a total of 28,000 square feet of retail on the ground level and the second floor. The third through sixth floors will house an additional 27,000 square feet of office space. [NYO] — Claire Moses