{"id":1004665775,"date":"2023-05-31T11:17:28","date_gmt":"2023-05-31T19:17:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004665775"},"modified":"2023-05-31T12:13:40","modified_gmt":"2023-05-31T20:13:40","slug":"ll-holding-jv-tops-out-manhattan-adaptive-reuse-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ll-holding-jv-tops-out-manhattan-adaptive-reuse-project\/","title":{"rendered":"L&#038;L Holding, Columbia Property Trust Top Out NYC Adaptive Reuse Project"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-autoplay=\"true\" data-delay=\"3\" 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 decoding=\"async\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004665780\" data-id=\"1004665780\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse_Hero-\u20260424-Credit-COOKFOX.jpg?w=1024\"\/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Terminal Warehouse. Image courtesy of COOKFOX<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"6000\" height=\"4000\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004665779\" data-id=\"1004665779\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse_May-2023-5-Credit-Shoootin.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse_May-2023-5-Credit-Shoootin.jpg 6000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse_May-2023-5-Credit-Shoootin.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse_May-2023-5-Credit-Shoootin.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse_May-2023-5-Credit-Shoootin.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse_May-2023-5-Credit-Shoootin.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse_May-2023-5-Credit-Shoootin.jpg?resize=2048,1365 2048w\" sizes=\"(max-width: 6000px) 100vw, 6000px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Terminal Warehouse exterior. Image courtesy of Shoootin<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"8640\" height=\"5760\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004665778\" data-id=\"1004665778\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse-mass-ti\u2026eams-Credit-Shoootin.jpg?w=1024\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse-mass-ti\u2026eams-Credit-Shoootin.jpg 8640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse-mass-ti\u2026eams-Credit-Shoootin.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse-mass-ti\u2026eams-Credit-Shoootin.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse-mass-ti\u2026eams-Credit-Shoootin.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse-mass-ti\u2026eams-Credit-Shoootin.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Terminal-Warehouse-mass-ti\u2026eams-Credit-Shoootin.jpg?resize=2048,1365 2048w\" sizes=\"(max-width: 8640px) 100vw, 8640px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Terminal Warehouse interior. Image courtesy of Shoootin<\/figcaption><\/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><strong>L&amp;L Holding Co.<\/strong>, in partnership with <strong>Columbia Property Trust<\/strong>, has topped out the redevelopment of Terminal Warehouse in Manhattan\u2019s West Chelsea neighborhood. The historic property is being transformed into a 1.3 million-square-foot office and retail destination, with an initial delivery expected in 2024.<\/p>\n<p>The development team includes <strong>New Line Structures<\/strong> and architectural firm <strong>COOKFOX<\/strong>. Upon completion, the adaptive reuse project will feature six office floors on the western side of the building, which will add to a total of 12 new and rebuilt office floors. Plans also call for a 700-foot-long groundscaper, 2.5 acres of outdoor and green space and 29 private terraces. Floorplates will range between 22,000 and 160,000 square feet. Amenities will include a fitness studio, childcare and an auditorium.<\/p>\n<hr \/>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-revival-program-coming-to-midtown-manhattan\/\">Office Revival Program Coming to Midtown Manhattan<\/a><\/p>\n<hr \/>\n<p>The developers are targeting LEED Platinum and WELL Gold certifications, as well as a WiredScore Platinum rating. The new building will feature a restoration of the old train tunnel that connected the docks to the freight lines operating along 11th Avenue, as well as some of the property\u2019s original architectural elements.<\/p>\n<p>Located at 261 11th Ave., Terminal Warehouse occupies a full Manhattan block from 11th to 12th Ave., and 27th to 28th St., along the Hudson River.<\/p>\n<h2>From historic building to modern workplace<\/h2>\n<p>Originally built in 1891, Terminal Warehouse has served a variety of purposes. Initially, the building was used as a transfer point for goods transported across the Hudson River and into the city. Beyond its shipping purposes, the property also served as a cold storage warehouse and even hosted Broadway production sets.<\/p>\n<p>In 1986, the property was transformed into The Tunnel nightclub, which remained opened until 2001. The building later hosted art galleries, as well as office, food and retail space. In 2018, L&amp;L Holding Co., in partnership with <strong>Normandy Real Estate Partners<\/strong>, acquired the building for $880 million from <strong>Waterfront New York<\/strong> and <strong>GreenOak Real Estate Advisors<\/strong> LP. Columbia Property Trust became involved in the project, following its <a href=\"https:\/\/www.commercialsearch.com\/news\/columbia-property-trust-buys-normandy-real-estate-in-cash-stock-deal\/\">acquisition of Normandy<\/a> in 2019 in a $100 million deal.<\/p>\n<p>In early January 2020, the Terminal Warehouse redevelopment project was approved by the New York City Landmarks Preservation Commission. The following year, the developers received $1.25 billion in <a href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-warehouse-overhaul-lands-1-3b-loan\/\">construction financing<\/a> from Blackstone.<\/p>\n<p>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>Terminal Warehouse in West Chelsea will soon become a 1.3 million-square-foot office and retail destination.<\/p>\n","protected":false},"author":2829,"featured_media":1004665780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21752,1600,21742,10,21747],"tags":[33221,39206],"class_list":["post-1004665775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-mixed-use","category-new-york","category-latest","category-northeast","category-office","tag-columbia-property-trust-inc","tag-cookfox-architects"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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