Renderings courtesy of Tribeca Investment Group
A 100-year-old property in Midtown South will be reimagined as a modern office building with courtyards and terraces, flexible workspace, and lots of greenery, amenities the owners hope will draw tenants back to in-person work post-pandemic. Tribeca Investment Group, PGIM Real Estate, and Meadows Partners announced this week plans for a $350 million redevelopment of 295 Fifth Avenue, also known as the Textile Building. The owners acquired a 99-year ground lease for the 17-story building in 2019 for $375 million.
