Fund aimed at creating healthy neighborhoods brings Treadmark to Dorchester
This month, Affordable Housing Finance shared details of a new mixed-income project slated to come to Dorchester. The Healthy Neighborhoods Equity Fund is bringing the transit-oriented Treadmark project by Trinity Financial to the neighborhood, and aims to invest in high-impact projects that improve the health of the community and its residents. The project will transform the former home of the Ashmont Tire Co. into a mixed-use development that will include 5,000 square feet of retail space. Check out our rendering of Treadmark above.
412 West 15th Street rises in the Meatpacking District
This month, New York YIMBY reported that one of the most notable office projects in the Meatpacking District has begun construction. Award-winning architecture and interior design firm CetraRuddy designed the new building at 412 West 15th Street. Rockpoint Group is knitting together the warehouse building which, upon completion, will hold 109,469 square feet of commercial space. The steel and glass building has reached 14 stories and will top off at 18 stories once complete. See our rendering above.
390 Madison Avenue acquires trophy tenant
Legal giant Hogan Lovells will take 206,750 square feet of space at the redesigned 390 Madison Avenue, according to The Real Deal. Real Estate Weekly reported this month that the Washington, D.C.-based law firm has signed a lease with real estate company L&L Holding in the 850,000-square-feet, 32-story tower that will extend until March 2033. Weighing in on the building’s redesign, the New York Post says that 390 Madison Avenue will be a slender tower, reshaped to allow more space for tenants on higher floors. The resulting project will stand nearly 100 feet taller than the original building. In the Commercial Observer, L&L’s chairman and CEO David Levinson says, “Finalizing Hogan Lovells as our first tenant at 390 Madison is an exciting milestone in the redevelopment of this building, a tower that is redefining the office landscape of Midtown Manhattan.” See the tower for yourself above in the film we created for the project.
Another milestone for Assembly Row
Massive mixed-use development Assembly Row celebrated another milestone. The Boston Globe reported that executives from development firm Federal Realty Investment Trust and construction firm Callahan Construction Managers were on site for a topping off ceremony for Block 6 early this month. Banker & Tradesman shared that the Block 6 phase consists of a 20-story, 273-unit apartment tower and a 6-story, 174-unit apartment complex along with 40,000 square feet of retail space and a 7-story, 650-space parking garage. Scheduled for completion in early 2018, Assembly Row will amount to 2.8 million square feet of office space. We worked with Federal Realty to create the film above, along with a custom iPad app for the project.
Pershing Square heads to the Far West Side
Hedge fund Pershing Square Capital Management and charity The Pershing Square Foundation made a joint move to 787 11th Avenue in November, signing a 15-year lease that will move the entities from Midtown to the Far West Side. In this move to a growing neighborhood the companies will occupy 67,000 square feet. Commercial Observer features our rendering of the eight-story building that is currently undergoing a $100 million overhaul – which includes a new exterior designed by Rafael Viñoly plus a rooftop tennis court.