Aurora to overhaul prominent Meatpacking property

Bobby Cayre is making another play in the Meatpacking District. The developer’s Aurora Capital Associates has joined landlord David Ellis Real Estate to renovate and upgrade 24 Ninth Avenue, a 50,000-square-foot office and retail building near the heart of the trendy neighborhood, sources told The Real Deal. Aurora came in to manage the complete overhaul of the property, which sits across 14th Street from the Apple store where Ninth Avenue and Hudson Street meet to

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Free People liable for $13M over Delshah Meatpacking property

Free People hit a snag in a dispute over rent in the Meatpacking District, according to a new ruling. The Urban Outfitters subsidiary is responsible for more than $13 million in back and future rent at 58-60 Ninth Avenue, Crain’s reported. A hearing next month will determine the exact amount the apparel brand owes to landlord Delshah Capital. Michael Shah’s company took the retailer to court in 2020, suing for at least $11 million as

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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

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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

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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

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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

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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,

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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,

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