Samsung Nears Deal to Lease Entire 837 Washington Street
By Lauren Elkies Schram June 14, 2014 11:56 pmreprints
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.
Samsung opened a five-day hands-on innovation and design center popup called Samsung Living Atelier in the 55,000-square-foot building being developed by Thor Equities and Taconic Investment Partners. The popup showcases Samsung’s new home appliances line. In a fully operational kitchen and laundry areas, visitors can participate in interactive workshops and “test drive” the Chef Collection kitchen, laundry and cleaning products. Tomorrow is the final day it is open.
The electronics company has been bidding against Facebook, Google and Ferrari to lease the whole building. No other details were readily available.
Morris Adjmi Architects designed the six-story office and retail development with more than 7,000 square feet of outdoor space on the second and third floors as well as the roof overlooking the High Line. Upon completion this year, there will be 28,000 square feet of retail space on the lower and ground levels as well as the second floor. There will be office space in the 27,000 square feet spanning the third through sixth floors.
Thor declined to comment. Taconic and Samsung weren’t immediately reachable for comment.