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.
Chelsea Market in the 1950’s, courtesy of Chelsea Market
Despite outcry from some community groups and preservationists, the city council approved the block’s up-zoning in 2012, allowing for an additional 300,000 square feet of commercial space to be built. In addition to BLDG 18, Jamestown plans to build a 90,000-square-foot hotel at the complex’s northeast corner. In conjunction with the zoning approval, Jamestown will donate roughly $12 million to the High Line, $5 million to build affordable housing, and $1 million to launch an internship program at the nearby Fulton Houses.
Here are some more views from Neoscape’s film:
Building permits have yet to be filed and no word when the space will be delivered.
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Film and renderings courtesy of Neoscape