Will Meatpacking’s retail reinvention go rotten?

Neighborhood has high availability rates, and the rents keep climbing

Samsung’s experiential store at 837 Washington Street (Credit: Field Condition)
Samsung’s experiential store at 837 Washington Street (Credit: Field Condition)

From the September issue: The Meatpacking District has always been a study in contrasts, but never more so than today. The neighborhood teems with tourists climbing on and off the High Line, and below there are clusters of people waiting outside the Whitney Museum. Elsewhere, there are massive renovations taking place.

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On the district’s historic Gansevoort Street, Aurora Capital Associates and William Gottlieb Real Estate are partnering in the redevelopment of five stone market buildings, which will bring 50,000 square feet of retail space on the ground and second floors of the buildings, plus 100,000 square feet of boutique commercial space. Not far from that project, the Rockpoint Group is planning to build an 18-story office tower at 412 West 15th Street. [more]