COOKFOX Architects

Hudson Square, real estate trends

Renderings courtesy of COOKFOX Architects

Google will buy the Manhattan office building it currently leases for $2.1 billion next year. The tech giant announced on Tuesday plans to purchase St. John’s Terminal at 550 Washington Street in Hudson Square during the first quarter of 2022. Google already leases the former freight terminal, which is currently undergoing a major renovation and addition as part of the company’s new 1.7 million-square-foot campus in the neighborhood. As the Wall Street Journal first reported, the deal marks the priciest sale of a single office building in the United States since the start of the pandemic, as well as one of the most expensive ever recorded.

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Hudson Square, New Developments

Renderings courtesy of Hudson Square Properties

With tenants like Google and Disney soon moving in, Hudson Square is on its way to becoming the city’s next big business district. Joining the burgeoning campus is 555 Greenwich, a 16-story office tower designed by COOKFOX Architects that broke ground this week. Developed by Hudson Square Properties, a joint venture of Trinity Church Wall Street and Norges Bank Investment Management with Hines, 555 Greenwich is expected to be one of the most efficient buildings in New York City, projected to exceed the city’s 2030 climate goals for office towers by 45 percent.

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affordable housing, housing lotteries, Midtown West

Image courtesy of EŌS

EŌS, a COOKFOX Architects-designed 47-rental mixed-use tower in Midtown West, is accepting applications for 19 newly constructed, middle-income studio, one- and two-bedroom apartments. Located at 855 Sixth Avenue (aka 100 West 31st Street), EŌS sits just a quick walk away from nearby shops, restaurants and transit options found in Midtown, Chelsea and the Flatiron District. Qualifying New Yorkers earning 90, 100, 110 and 120 percent of the area median income can apply for units ranging from a $1,448-per-month studio to a $2,519-per-month two-bedroom.

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affordable housing, Bronx, housing lotteries

Starting today, 227 brand new affordable apartments are up for grabs at 4275 Park Avenue in the Bronx. The residence, dubbed Park House, is a new construction designed by COOKFOX Architects and developed by Breaking Ground, a non-profit organization that matches low-income New Yorkers with homes. Park House is the first affordable project undertaken by the organization and will offer energy-efficient studio, one-, two-, and three-bedroom apartments priced between $494 and $1181 to qualifying applicants earning between 40 and 60 percent of the area median income.

more details here

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