A rare vestige of the non-glam Meatpacking District is bound for Hell’s Kitchen, clearing the way for a 12-story tower at the well-positioned 61 Ninth Avenue.
The 172,000-square-foot glass tower will rise on the soon-to-be former site of the 90-year-old Prince Lumber Co. and abut the Apple Store. The property, on what a source called “one of the last great development sites” in the Meatpacking District, will also include three floors of retail.
Justin DiMare of Newmark Grubb Knight Frank has been working with Prince Lumber for more than two years to find a new location while also planning the forthcoming Prince Tower. The Kohn Pedersen Fox-designed building will have 100 feet of Ninth Avenue frontage and 170 feet lining 15th Street.
The Post reports that construction on Prince Tower, an as-of-right development outside the Meatpacking’s historic district, is slated to begin next year, with an expected January 2016 opening to tenants. Meanwhile, Prince Lumber will move to 612-618 W. 47th Street, which they bought for $10.6 million in January.
Mr. DiMare, with NGKF colleague Paul Ippolito, will lease the roughly 110,000 square feet of office space. Jeffrey Roseman, also of NGKF, will oversee retail at the property. Brokers have not specified which type of tenant they’re seeking for office or retail, but the enviable address should lure a variety of interested parties.