{"id":1004540668,"date":"2021-06-22T05:30:35","date_gmt":"2021-06-22T13:30:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004540668"},"modified":"2022-12-08T21:54:39","modified_gmt":"2022-12-09T05:54:39","slug":"alchemy-abr-cain-internationals-330m-manhattan-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/","title":{"rendered":"Alchemy-ABR, Cain International\u2019s $330M Manhattan Project"},"content":{"rendered":"
\"\"<\/a>

Image by Free-Photos via Pixabay.com<\/p><\/div>\n

A joint venture of Alchemy-ABR Investment Partners and Cain International plans to develop a $330 million mixed-use project on 125 West 57th Street in Midtown Manhattan.<\/p>\n

The partnership paid around $120 million for the property on Billionaire\u2019s Row in a transaction with Calvary Baptist Church, several media sources reported. Cain will provide most of the equity for the project and work closely with Alchemy-ABR, which will oversee the project’s development.<\/p>\n

\n

READ ALSO<\/strong>: Downtown Brooklyn\u2019s Tallest Tower Opens<\/a><\/p>\n

\n

The partnership\u2019s plans call for a 26-story, 420-foot-tall building, totaling roughly 260,000 square feet. The mixed-use development will feature ground-floor retail and 185,000 square feet of Class A boutique office space.<\/p>\n

Calvary Baptist Church will separately own and occupy the base portion of the building, which will be redesigned with a separate entrance, doubling the amount of space for worship, education programs, community outreach and other ministries. The building designed by FX Collaborative is slated for completion by the end of 2024.<\/p>\n

The mixed-use project\u2019s Class A boutique office component will fill a gap in a pandemic-shaped market driven by the experiential office space, focused on health and well-being.<\/a> Upon completion, the building will be one of the few centrally located Class A offices to be delivered in the Plaza District.<\/p>\n

The building will feature floorplates averaging 10,000 square feet, slab-to-slab ceiling heights with floor-to-ceiling glass, private terraces, and the ability to create private elevator access to each floor. Other features will include a full floor of amenity space with hospitality-designed lounge and meeting spaces, a board room and more than 4,000 square feet of outdoor common spaces.<\/p>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The mixed-use development will include Class A boutique office space.<\/p>\n","protected":false},"author":871,"featured_media":1004540670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,1600,21742,10,21747],"tags":[47255],"class_list":["post-1004540668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-cain-international"],"acf":[],"yoast_head":"\nAlchemy-ABR, Cain International\u2019s $330M Manhattan Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alchemy-ABR, Cain International\u2019s $330M Manhattan Project\" \/>\n<meta property=\"og:description\" content=\"The mixed-use development will include Class A boutique office space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-22T13:30:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:54:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/\",\"name\":\"Alchemy-ABR, Cain International\u2019s $330M Manhattan Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg\",\"datePublished\":\"2021-06-22T13:30:35+00:00\",\"dateModified\":\"2022-12-09T05:54:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg\",\"width\":800,\"height\":620,\"caption\":\"Image by Free-Photos via Pixabay.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alchemy-ABR, Cain International\u2019s $330M Manhattan Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/evelynjozsa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Alchemy-ABR, Cain International\u2019s $330M Manhattan Project - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/","og_locale":"en_US","og_type":"article","og_title":"Alchemy-ABR, Cain International\u2019s $330M Manhattan Project","og_description":"The mixed-use development will include Class A boutique office space.","og_url":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-06-22T13:30:35+00:00","article_modified_time":"2022-12-09T05:54:39+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg","type":"image\/jpeg"}],"author":"Evelyn Jozsa","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/","url":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/","name":"Alchemy-ABR, Cain International\u2019s $330M Manhattan Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg","datePublished":"2021-06-22T13:30:35+00:00","dateModified":"2022-12-09T05:54:39+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg","width":800,"height":620,"caption":"Image by Free-Photos via Pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/alchemy-abr-cain-internationals-330m-manhattan-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Alchemy-ABR, Cain International\u2019s $330M Manhattan Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a","name":"Evelyn Jozsa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96","caption":"Evelyn Jozsa"},"description":"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.","url":"https:\/\/www.commercialsearch.com\/news\/author\/evelynjozsa\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Image-by-Free-Photos-from-Pixabay.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004540668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/871"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004540668"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004540668\/revisions"}],"predecessor-version":[{"id":1004540693,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004540668\/revisions\/1004540693"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004540670"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004540668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004540668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004540668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}