Annual office rents in the West Chelsea/Meatpacking District area have been topping $90 per square foot with many creative and technology tenants searching for boutique-sized spaces. So it seems like the perfect time for Jamestown Properties to move forward with their piggybacking plan for Chelsea Market.
Branding and visualization firm Neoscape put together a cheery film to market the upcoming building’s new 240,000 square feet of office space. To be known as BLDG 18, the structure is being designed by Studios Architecture and will rise nine stories atop the westernmost building of the Chelsea Market complex and the High Line. The film shows a private 16th Street entrance for tenants, 40,000-square-foot floor plates, 40-foot-wide column bays, multiple levels of landscaped terraces providing a total of 21,000 square feet of outdoor space, panoramic views, easy access to the High Line, and of course, the block-long Chelsea Market food concourse at ground level.
Watch the video here
Starchitect Jean Nouvel’s 100 Eleventh Avenue may have received mixed reviews—which is made even more evident when you look at its rocky listing history—but that doesn’t change the fact that this pad is a clear showstopper. Not only does the stunning full-floor penthouse offer 360 degrees of stellar views through 150 linear feet of floor-to-ceiling windows; have a sprawling layout and two terraces; and reside on one of New York’s most recognizable blocks, surrounded by buildings designed by Pritzker Prize winners like Frank Gehry and Shigeru Ban; but this unit also has recently renovated interiors courtesy of Jennifer Post, one of Architectural Digest’s top 100 designers. Bottom line, if you’re a big name-dropper, this $45,000/month rental has your name written all over it.
Check out the views from this incredible home here
If you renovate, will they come? It’s been less than a year since Jamestown Properties, the developer behind the successful Chelsea Market, acquired a 50% stake in the mostly abandoned industrial warehouse complex in Brooklyn’s Sunset Park known as Industry City.
Along with investment partners Belvedere Capital and Angelo, Gordon & Company, Jamestown plans to translate the success of Chelsea Market on a scale six times the size – 16 buildings encompassing over 6 million square feet formerly known as Bush Terminal. But while Brooklyn is currently the darling of the five boroughs, Sunset Park doesn’t quite have the cache of Chelsea – yet, and the viability of such an enormous undertaking is ten years in the making.
Watch a video interview with the developers this way