Google

Chelsea

Chelsea Market

Photo courtesy of Jamestown

Jamestown, the real estate investment company that just closed on the $2.4 billion sale of the 1.2 million-square-foot Chelsea Market building to Google yesterday, is getting in on the corporate game. The developer will continue to manage Chelsea Market and, according to the Wall Street Journal, they maintained the branding rights and intellectual property connected to the Chelsea Market name outside of Manhattan. The article reports that Jamestown is already scoping out “emerging neighborhoods” throughout the U.S. and Europe and hopes to announce one to two new locations for their new concept before the end of the year. Phillips told the Journal, “The concept travels…Our intention is to create this community of buildings.”

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Chelsea, Cool Listings

338 west 15th street, google, townhouses, chelsea, cool listings

In the heart of bustling and ever-expanding Chelsea, a seven-story, 6,500 square-foot new-construction townhouse stands seductively for sale at 338 West 15th Street. Listed for $13.395 million, the home represents a new kind of opportunity in more ways than one. In addition to being meticulously finished with the most luxurious materials available and possessed of endless space both indoors and outdoors, a $1 million discount is offered to a buyer who is an employee of Google. And that (not-so-) little extra perk for a potential Google buyer is intended as a celebration of the company’s exciting expansion within the Chelsea neighborhood. And with more Google ownership in the neighborhood in the form of the just-purchased Chelsea Market (a $2.5 billion deal),  there could be a daily bonus of a seven-minute walk to work.

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Chelsea, Major Developments

Google to expand footprint at Chelsea’s Pier 57

By Devin Gannon, Fri, February 9, 2018

Rendering via RXR Realty

Earlier this week, Google entered into a contract with Jamestown LP to buy the Chelsea Market building for nearly $2.5 billion, the second largest single sale in New York City’s history. And on Friday, Google reached a tentative deal to expand its footprint at Pier 57, adding another 70,000 square feet of space to its prior 250,000-square-foot agreement. According to Crain’s, the lease will include an additional 50,000 square feet of educational activities and a new ferry landing.

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Chelsea, Recent Sales

Photo of Chelsea Market via Wikimedia

Editor’s Note: The New York Post reports Google will buy Chelsea Market for $2.5 billion, which would make it the second biggest single sale in the city’s history. It closely follows the $2.8 billion purchase of the GM Building in 2007.

Google has entered contract with Jamestown LP to buy the Chelsea Market building for over $2 billion. As 2018’s first billion dollars plus transaction in New York, the deal is expected to close sometime in the next two months, according to the Real Deal. This will further the tech giant’s presence in the Manhattan neighborhood; it is currently the biggest tenant at 75 Ninth Avenue and its headquarters are located across the street at 111 Eighth Avenue.

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Chelsea, Major Developments

pier 57, google, google expansion, anthony bourdain, !MELK LANDSCAPE ARCHITECTURE AND URBAN DESIGN, GOOGLE, HANDEL ARCHITECTS, HUDSON RIVER PARK, HUDSON RIVER PARK TRUST, PIER 57, RXR REALTY, YOUNG WOO & ASSOCIATES

Despite hyping up his massive Singapore street hawker-style food hall and retail market at Google’s Pier 57 development since 2015, Anthony Bourdain announced today that he won’t be moving forward with the project, reports Eater. Back in March, his partner and CEO of what was dubbed Bourdain Market stepped down. At the same time, it was learned that they’d yet to sign a lease, both of which made the 2019 opening seem like a stretch. In a statement, Bourdain said, “It seems increasingly clear that in spite of my best efforts, the stars may not align at Pier 57 which is an especially complicated site for which we still do not have a lease.”

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adaptive reuse, Architecture, Chelsea, Construction Update, Major Developments

Last we checked in at the beginning of the year, the $350 million transformation of Pier 57, aka “SuperPier,” was making progress with its canted glass panels fully installed. Wednesday, co-developers RXR Realty and Young Woo & Associates held an event to mark the 450,000-square-foot development’s topping out, which came after 2,600 tons of structural steel were installed, 4,000 yards of concrete poured, and a 60,000-square-foot curtain wall built. The project will include 250,000 square feet of offices for Google, a 100,000-square-foot food market from Anthony Bourdain, and an elevated two-acre park with a rooftop movie and performance amphitheater to be used for Tribeca Film Festival screenings. This construction milestone comes ahead of an anticipated summer 2018 opening.

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adaptive reuse, Architecture, Chelsea, Landscape Architecture, Major Developments, Meatpacking District

pier 57, google, google expansion, anthony bourdain, !MELK LANDSCAPE ARCHITECTURE AND URBAN DESIGN, GOOGLE, HANDEL ARCHITECTS, HUDSON RIVER PARK, HUDSON RIVER PARK TRUST, PIER 57, RXR REALTY, YOUNG WOO & ASSOCIATES

Pier 57 now showing some skin; Photo: CityRealty

Work is moving along at the waterfront development that is rehabilitating and revitalizing Pier 57, Manhattan’s new “SuperPier;” newly-installed, canted glass panels can be seen along the pier’s rows of exterior columns, CityRealty reports. The $350 million transformation of the former freight terminal, a joint venture by Young Woo & Associates and RXR will include 250,000 square feet of offices for Google, a 170,000-square-foot food market curated by Anthony Bourdain and provide an elevated two-acre park with a rooftop movie and performance amphitheater. The project’s design is being handled by Handel Architects and !Melk Landscape Architecture and Urban Design.

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affordable housing, real estate trends

google, corporate housing, chelsea

Facebook recently proposed a plan to create 1,500 apartments for employees near their Menlo Park, California campus, with 15 percent of the housing set aside for low-income families. According to Wired, “Urban planners and local developers call it a generous gesture that could bring sorely needed housing to the area.”

The company wants to construct two new office buildings and a hotel on land near its original campus to accommodate thousands of planned hires. Some people argue that the tech company getting into the property development game will actually drive up housing prices in a market that’s already one of the nation’s most expensive areas.

Would company housing help in New York City?

Major Developments, Meatpacking District

Hudson River waterfront, Manhattan development, waterfront projects, NYC waterfront, Google hadquarters, High Line, NYC restaurants

Just in time for construction to commence in the new year, things are swiftly moving ahead at Pier 57, aka the SuperPier. Last month, 6sqft uncovered a slew of new renderings of the the 450,000-square-foot, $350 million development, which is set to include 250,000 square feet of office space for a major technology company, a 170,000-square-foot food and retail market from Anthony Bourdain, and an elevated park with an outdoor movie and performance amphitheater on the roof to be used for screenings for the Tribeca Film Festival.

Google has long been assumed as the office tenant, and according to the Wall Street Journal, it’s official, as the company has “signed a 15-year lease with development team Youngwoo & Associates LLC and RXR Realty.” Bourdain’s food hall is also expected to close soon.

More details this way

adaptive reuse, Architecture, Chelsea, Landscape Architecture, Major Developments, Meatpacking District

Hudson River waterfront, Manhattan development, waterfront projects, NYC waterfront, Google hadquarters, High Line, NYC restaurants

Last month at the Municipal Arts Society’s (MAS) 2015 Summit for NYC, Seth Pinsky, executive vice president at RXR Realty, shared a presentation regarding the development of the long-planned rehabilitation and conversion of Pier 57 aka “SuperPier.” In addition to some new looks at the project, he revealed that the developers have largely secured financing and are finalizing talks with the Hudson River Park Trust. RXR are co-developing the project with Young Woo & Associates, and Handel Architects and !Melk Landscape Architecture and Urban Design are the commissioned designers.

According to Pinsky, the 450,000-square-foot development will invest $350 million of private capital to redevelop the structure, and in return create hundreds of jobs, generate millions of dollars of revenue for the Hudson River Park Trust, and create a new destination for New Yorkers and visitors alike. The former NYCEDC head confirmed that the project will include 250,000 square feet of office space for a major technology company [Google], a 170,000-square-foot food and retail market [Anthony Bourdain], and an elevated park with an outdoor movie and performance amphitheater on the roof to be used for screenings for the Tribeca Film Festival. He also noted construction will begin during the first half of next year, with completion aimed for early 2018.

Lots more renderings and details ahead

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