Private equity firm carves out 14k sf at Aurora’s Solar Carve building

Private equity and venture capital firm Stripes is changing up its current office digs — but it isn’t going far. The company is moving to the “Solar Carve” building at 40 10th Avenue, according to the Commercial Observer. The move to the 160,000-square-foot, 10-story building will mark a departure from their current Meatpacking District building just a block away at 402 West 13th Street. The company signed a 10-year lease at the Aurora Capital Associates-owned

The post Private equity firm carves out 14k sf at Aurora’s Solar Carve building appeared first on The Real Deal New York.

City orders Meatpacking office developer to dismantle, rebuild slouching façades

After seven years navigating a maze of approval processes, Tavros thought it could finally start construction on its Meatpacking District office building. Then the walls started caving in. Tavros, whose projects include the Dime Savings Bank redevelopment in Williamsburg, plans to construct a nine-story commercial building on a peculiar assemblage it acquired back in 2014 at the corner of Ninth Avenue and 14th Street. The building would be set back on the plot, behind a

The post City orders Meatpacking office developer to dismantle, rebuild slouching façades appeared first on The Real Deal New York.

Gucci pops up at Thor’s Meatpacking property

Gucci is celebrating a century in business with a pop-up at Thor Equities’ 446 West 14th Street. The Manhattan outpost — where the luxury brand has taken over the entirety of the 26,600-square-foot building — joins pop-ups launched in Beverly Hills, Miami, Chicago and San Francisco, the Commercial Observer reports. The ground floor is open to the public, while the upper levels and rooftop are accessible by appointment only. A source told the outlet the

The post Gucci pops up at Thor’s Meatpacking property appeared first on The Real Deal New York.

Activist hedge fund Engine No. 1 to open Meatpacking District office

Activist hedge fund Engine No. 1, which is shaking up Wall Street with its push to get Big Oil to reduce carbon emissions, is opening a New York City office in the Meatpacking District. The San Francisco-based firm signed a lease for about 11,500 square feet at Aurora Capital Associates’ 405 West 13th Street, sources familiar with the transaction told The Real Deal. The space also includes about 1,800 square feet of outdoor terrace. A

The post Activist hedge fund Engine No. 1 to open Meatpacking District office appeared first on The Real Deal New York.

Cars permanently banned from Meatpacking District

Rattling across cobblestone streets won’t be an issue for drivers in the Meatpacking District any more. But not because the cobblestones are going anywhere. The Meatpacking District has committed to becoming one of the most pedestrian-friendly neighborhoods in the city, permanently banning cars from the area, according to the New York Post. The Meatpacking Business Improvement District will use hexagon-shaped planter barricades to keep out traffic. Among the areas being blocked off are Gansevoort Street,

The post Cars permanently banned from Meatpacking District appeared first on The Real Deal New York.

Tavros nabs refi on Meatpacking District properties it wants to redevelop

Tavros Capital Partners landed a $65.3 million refinancing deal for a group of Meatpacking District properties it plans to redevelop into a much larger mixed-use complex. Seoul-based Nonghyup Bank provided the debt, which replaced an existing loan of a similar amount. The deal does not appear tied to the redevelopment project. Three years ago, Tavros sought an equity partner for its proposal to redevelop its Greek Revival-style walk-up and retail properties at 44-54 Ninth Avenue,

The post Tavros nabs refi on Meatpacking District properties it wants to redevelop appeared first on The Real Deal New York.

Appraiser cuts Meatpacking District store’s valuation to the bone

A Meatpacking District landlord got burned by its tenant — and now, the valuation of its storefront has been chopped. The clothing store AllSaints has not paid rent at its 11,862-square-foot space at 415 West 13th Street since March 2020, according to Trepp, which tracks mortgage data. But as a result, the property’s valuation fell by over 70 percent to $13 million from nearly $50 million in 2016. RREEF Real Estate, an affiliate of Deutsche

The post Appraiser cuts Meatpacking District store’s valuation to the bone appeared first on The Real Deal New York.

Lucid Motors inks Meatpacking District lease

 Another luxury automotive company is coming to the Meatpacking District. Lucid Motors, which is currently developing an electric vehicle, will lease 3,200 square feet at 2 9th Avenue for a showroom, The Real Deal has learned. Last year, the company announced that it would open a location in the Meatpacking District, though it did not disclose the address at the time. A spokesman for Lucid confirmed that the showroom will open in April, just in

The post Lucid Motors inks Meatpacking District lease appeared first on The Real Deal New York.

Here’s what tenants are paying at 860 Washington

In one of the few major office acquisitions to close in Manhattan since the start of the pandemic, Meadow Partners and California Public Employees’ Retirement System last month picked up the ground lease at 860 Washington Street in the Meatpacking District for $232 million. Romanoff Equities and Property Group Partners completed the boutique building in 2016. Shortly before the ground lease sale, Romanoff bought out Property Group in a sale-leaseback deal valuing the land at

The post Here’s what tenants are paying at 860 Washington appeared first on The Real Deal New York.