Browsing: Building Repositioning
In the first half of 2024, mortgage maturities were drivers for the New York City office market sales, which saw trades to the tune of $1.27 billion, according to Ariel Property Advisors’ New York City 2024 Mid-Year Sales Report.
Over a series of Horizons videos, podcasts, and articles Hogan Lovells explore how some of the hot topics of the day are tackled in New York City and London.
Cushing Terrell partnered with longtime client, Metropolitan Market, to bring its global-inspired take on grocery to the rapidly transforming Crown Hill neighborhood of North Seattle. The new location transformed a 30-plus-year-old building into a beautiful, modern shopping destination—one that both fits the context of the up-and-coming neighborhood and ties into Metropolitan Market’s high-end brand.
The contracting team on the 47-story TSX Broadway used lifts to raise the site’s original theater by 30 feet.
With a robust network of over 4,700 construction professionals, the STO Building Group is rich with experts spanning all facets of the construction industry. That means local project teams can readily access that companywide expertise and experience for the benefit of their clients and projects. Here, we highlight just a few of these experts and their areas of specialization.
Focused on improvements to the street front, roof, office floors, and building systems, “Midlife Metamorphosis” is a series of ideas to reposition aging properties to make them a smarter investment.
The owners of 64 New York City office buildings are interested in converting their properties into housing, according to new data from the Department of City Planning.
Massachusetts Gov. Maura Healey recently launched a program to help cities across the state identify underused office buildings that are best suited for residential conversions.
Restoring a historic building can present a unique set of challenges. Design requirements, existing conditions, and entitlements can all complicate the process. An experienced team is key to the success of the project. Pavarini McGovern and our sister companies in the STO Building Group have been fortunate to work on several historic NYC buildings, including Lever House, MetLife Building, 100 Vandam, the Barbizon Hotel, and the Irish Arts Center, to name only a few.
Built in 1914, the Lord & Taylor Building in Manhattan served as the retail giant’s flagship store for over a century and helped shape the city’s identity, including introducing Fifth Avenue as a premier shopping destination. In March 2020, Amazon purchased this landmark, transforming the department store (along with the neighboring Dreicer Building), into a modern, dynamic workplace for more than 2,000 employees. This new tech hub is known as “Hank.”