{"id":1004522735,"date":"2021-04-20T03:04:37","date_gmt":"2021-04-20T11:04:37","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004522735"},"modified":"2021-06-08T04:38:15","modified_gmt":"2021-06-08T12:38:15","slug":"manhattans-350m-textile-building-makeover-revealed","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/manhattans-350m-textile-building-makeover-revealed\/","title":{"rendered":"Manhattan&#8217;s $350M Textile Building Makeover Revealed"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004539152\" data-id=\"1004539152\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/all-renderings-courtesy-of-studios-architecture_51127222847_o.jpg?w=300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/all-renderings-courtesy-of-studios-architecture_51127222847_o.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/all-renderings-courtesy-of-studios-architecture_51127222847_o.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/all-renderings-courtesy-of-studios-architecture_51127222847_o.jpg?resize=768,576 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">All renderings courtesy of STUDIOS Architecture<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1234\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004539144\" data-id=\"1004539144\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127181816_e46a9bd4c1_o.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127181816_e46a9bd4c1_o.jpg 1234w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127181816_e46a9bd4c1_o.jpg?resize=300,146 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127181816_e46a9bd4c1_o.jpg?resize=768,373 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127181816_e46a9bd4c1_o.jpg?resize=1024,498 1024w\" sizes=\"(max-width: 1234px) 100vw, 1234px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1234\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004539145\" data-id=\"1004539145\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222812_b8b0e2545a_o.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222812_b8b0e2545a_o.jpg 1234w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222812_b8b0e2545a_o.jpg?resize=300,146 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222812_b8b0e2545a_o.jpg?resize=768,373 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222812_b8b0e2545a_o.jpg?resize=1024,498 1024w\" sizes=\"(max-width: 1234px) 100vw, 1234px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1028\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004539146\" data-id=\"1004539146\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222947_b307a4fb93_o.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222947_b307a4fb93_o.jpg 1028w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222947_b307a4fb93_o.jpg?resize=300,175 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222947_b307a4fb93_o.jpg?resize=768,448 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127222947_b307a4fb93_o.jpg?resize=1024,598 1024w\" sizes=\"(max-width: 1028px) 100vw, 1028px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004539147\" data-id=\"1004539147\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239899_bbf641ab50_o.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239899_bbf641ab50_o.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239899_bbf641ab50_o.jpg?resize=300,150 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239899_bbf641ab50_o.jpg?resize=768,384 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239899_bbf641ab50_o.jpg?resize=1024,512 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1055\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004539148\" data-id=\"1004539148\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239919_2c44724223_o.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239919_2c44724223_o.jpg 1055w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239919_2c44724223_o.jpg?resize=300,171 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239919_2c44724223_o.jpg?resize=768,437 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127239919_2c44724223_o.jpg?resize=1024,582 1024w\" sizes=\"(max-width: 1055px) 100vw, 1055px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"894\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004539150\" data-id=\"1004539150\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398508_56e92ab764_o.jpg?w=300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398508_56e92ab764_o.jpg 894w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398508_56e92ab764_o.jpg?resize=300,201 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398508_56e92ab764_o.jpg?resize=768,515 768w\" sizes=\"(max-width: 894px) 100vw, 894px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"600\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004539151\" data-id=\"1004539151\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398533_4ce12d58ec_o.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398533_4ce12d58ec_o.jpg 1827w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398533_4ce12d58ec_o.jpg?resize=300,99 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398533_4ce12d58ec_o.jpg?resize=768,252 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398533_4ce12d58ec_o.jpg?resize=1024,336 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/51127398533_4ce12d58ec_o.jpg?resize=1536,504 1536w\" sizes=\"(max-width: 1827px) 100vw, 1827px\" \/><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>A joint venture including Tribeca Investment Group, PGIM Real Estate and Meadow Partners has revealed new renderings of their upcoming, $350 million overhaul of the Textile Building in Manhattan\u2019s Midtown South.&nbsp;<\/p>\n<p>The reimagined workspace, with 44,000-square-foot floorplates and 12- to 18-foot ceiling heights, caters to new,&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-architects-reveal-the-future-of-the-workspace\/\">pandemic-influenced office design standards<\/a>. STUDIOS Architecture designed the project, which calls for the addition&nbsp;of a two-story, 34,000-square-foot penthouse atop the existing structure.&nbsp;&nbsp;<\/p>\n<p>The ownership trio <a href=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-historic-manhattan-mid-rise\/\">purchased the full-block asset<\/a>&nbsp;back in 2019 for $375 million from Manhattan Properties through a 99-year ground lease agreement, according to CommercialEdge. The 700,000-square-foot, 16-story building at 295 Fifth Ave. dates back to 1920 and is situated between Madison Square Park, Penn Station and Grand Central.<\/p>\n<p>With most of New York City\u2019s office space still empty and leasing activity depressed to record lows, many landlords have moved forward with repositioning dated assets. In March, The U.S. General Services Administration selected Krueck Sexton Partners to lead the redesign of the Silvio J. Mollo Federal Building in Lower Manhattan. The <a href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-federal-building-to-receive-240m-makeover\/\">$240 million reboot<\/a> of the 160,000-square-foot property, slated to begin in 2023, will target LEED Gold certification.&nbsp;<\/p>\n<h2>A new, green outfit<\/h2>\n<p>The redevelopment of the Textile Building will add a number of green elements, including a&nbsp;range of outdoor spaces, from multiple terraces to a first-floor courtyard. The structure&#8217;s interior will follow a flexible scheme, with integrated greenery throughout work areas. Studio MAI was involved in the ground-floor lobby redesign which includes a caf\u00e9, a library and access to a rear courtyard. The century-old brick structure will also receive upgrades to its elevators, windows and HVAC system.<\/p>\n<p>The developers tapped CBRE to handle marketing efforts for the entire building. The team includes Peter Turchin, David Hollander, Brett Shannon and Liz Lash. The Textile Building is expected to be ready for tenant fit-out in the first quarter of next year, with occupancy slated for the third quarter of 2022.<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new two-story penthouse will top the century-old structure, which occupies a full block in Midtown South.<\/p>\n","protected":false},"author":739,"featured_media":1004539152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21783,1600,21742,10,21747],"tags":[32789,32981,34714,33801,47513],"class_list":["post-1004522735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-meadow-partners","tag-pgim-real-estate","tag-studios-architecture","tag-tribeca-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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