The property will comprise about 255,000 square feet, including 209,000 square feet of office space, more than 30,000 square feet of retail, and about 14,000 square feet of storage space. The finished product will showcase unparallelled physical attributes, including exceptional light, air, and views, full glass storefronts, soaring ceilings, efficient floor plates, and over 350′ of retail frontage along the bustling 14th and 15th Street corridors. The unique loft-style offering with exposed ceiling space and brick at 413 West 14th as well as the sleek, boutique, glass tower with smaller floor plates at 412 West 15th Street will appeal to a variety of TAMI tenants.
The property is situated on a prime block on 14th and 15th Street between 9th and 10th Avenue in the center of Manhattan’s Meatpacking District, a submarket that has become home to many of the world’s leading retailers and prominent office tenants such as Google, Samsung, MLB, IAC, Food Network, LVMH, Giorgio Armani, and Twitter.
Rockpoint Group is a real estate investment management firm headquartered in Boston with additional primary offices in Dallas, San Francisco, and London. Since 1994, Rockpoint’s Managing Members with others have invested in over 375 transactions with total capitalization of approximately $49 billion. Rockpoint proactively targets specific asset classes and gateway markets throughout the United States that it believes will generate compelling returns on a risk-adjusted basis.
Highgate is a premier real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is an owner / operator of hotels in U.S. gateway markets, including New York, Boston, Miami, San Francisco, and Honolulu, and also has an expanding presence in key European markets through properties in London, Paris, Barcelona, Vienna, and Prague. Highgate has extensive experience owning and developing trophy office and retail assets throughout Manhattan, including 650 Madison, 6 Times Square, and 170 Broadway. The Company is also the largest operator of hotel rooms in Manhattan, with over 10,000 rooms under management representing ~10% of Manhattan’s inventory.