Head of the Pack
Samsung Electronics has pulled ahead of Facebook, Google and Ferrari in negotiations to lease an entire Meatpacking District building across the street from the High Line and the future Whitney Museum, sources close to the negotiations told Commercial Observer.
The asking rent on the ground floor at the glass building, at 837 Washington Street between Little West 12th and 13th Streets, is $500 per square foot, one of the sources said.
Stillman Development International–a development firm renowned for its condo developments with “starchitects” such as I.M. Pei, Michael Graves and Philip Johnson–and Morris Adjmi Architects are planning the conversion of a 19th-century industrial building in Noho into luxury condos, The Commercial Observer has learned.
High Line Hijinx
A joint Meatpacking District development by Taconic Investment Partners and Thor Equities is slated to receive zoning approvals from the New York City Department of Buildings, according to city records.
The proposed 55,000-square-foot development at 837 Washington Street will create 28,000 square feet of retail space and 27,000 square feet of office space at the former site of a 1930s factory building.
Morris Adjmi is a master of Meatpacking District architecture, having designed a number of nouveau-faux historic buildings in the district. He is now finishing up his latest project for CB Developers, the appropriately named High Line Building. It is a 10-story glass office slab perched atop a five-floor brick warehouse from the Art Deco Read More