Prince Lumber

New Office Tower To Be Built in Meatpacking District

Posted on June 27, 2013 ยท Posted in Development

A new 12 story glass office tower will be built in the Meatpacking district. This 172,000 square foot building will include 3 floors of retail and a fourth floor of restaurants. Designed by Kohn Pedersen Fox to have a wavy glass exterior that will resemble the nearby Hudson River, the new building will replace the Prince Lumber Co. at 61 Ninth Ave., on the southwest corner of West 15th St.

The new building, with current plans for a jaw dropping roof deck and two other outdoor terraces, will have 100 feet of frontage along Ninth Avenue before wrapping west around the corner for an additional 170 feet along 15th street. This site is adjacent to the Apple store at the northwest corner of West 14th street and will make for awe-inspiring views of the surrounding area. Naming rights could become part of the leasing deal.

The family owners of Prince Lumber, a 90 year old company with 30-40 employees, will relocate their business to a new building now under construction at 612-18 W. 47th St. on a site they bought in January for $10.6 million. It was important to them to remain in Manhattan.

Rather than sell the M-zoned site to another developer, they chose to redevelop the site themselves which will remove any requirement for special Landmarks approval for their as-of-right structure.

Groundbreaking is tentatively scheduled for next year and tenants are expected to move in January 2016. If you’d like more information on office space in the Meatpacking District or any other neighborhood of Manhattan, contact us today and get a free property report.

Photo credit: Scott Beale