is conjuring up a substantial amount of additional leasable space
in its renovation
of 161 Ave of the Americas and adjacent 233 Spring Street, a pair of pre-war buildings it acquired for $200M two years ago. (Even David Blaine is impressed.)
We snapped Stellar’s Ryan Jackson
and C&W’s Jodi Roberts
(who’s leasing the 768k SF with colleagues Josh Kuriloff, Jamie Katcher, Jonathan Fales, and Matthias Li
) in 161’s marketing suite. Stellar and partners Rockpoint Group and Imperium Capital are consolidating all the systems for both properties in a new, 100k SF tower
in what is now a 19-foot-wide shaft between the two properties. That means one set of nine destination-dispatch elevators
to serve both buildings, plus the opportunity to do all new building mechanicals, including a condenser water plant.
In fact, the mechanical tower
will become an architectural addition to the skyline, set back 20 feet but 200-feet deep
and rising taller
than the original pair of buildings. Designed by Gensler, it features poignant bands of light, a rare ornamentation
for space that won’t be occupied by tenants. (A completely empty building? Wasn't there a Twilight Zone episode like this?) Stellar also is adding a 66k SF, three-story, glass-walled penthouse
space across three floors at 233 Spring, for which the first steel shipment
arrived just last week. It’ll deliver by October with loads of terraces and a 20k SF roof deck.
All three structures combined will be known as One SoHo Square when complete in fall 2015. We snapped this of the loading dock (below the now-empty shaft) that'll become the two-story, shared lobby. That project will start this year and sits across from the two-block Park at Spring + Sixth, which Hudson Square BID is fixing up, and 233 Spring’s loading docks to the left beg to become retail as Spring Street goes upscale.
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