New York YIMBY $350 Million Redevelopment Plan in the Works for 295 Fifth Avenue in Midtown South
295 Fifth Avenue in Midtown South will soon receive a $350 million redevelopment at the hands of Tribeca Investment Group, PGIM Real Estate, and Meadow Partners. The full-block, 16-story "Textile Building" will have 700,000 square feet of updated office space. Studio Architecture is responsible for the design and CBRE is handling marketing.
The Architect's Newspaper Midtown Manhattan's Textile Building will get a $350 million overhaul
The Textile Building, a 101-year-old mainstay of Manhattan's Garment District at 295 Fifth Ave, will get a $350 million overhaul courtesy of Studios Architecture.
6sqft $350M redevelopment of century-old Textile Building reimagines office space with fresh air and greenery
A 100-year-old property in Midtown South will be reimagined as a modern office building with courtyards and terraces, flexible workspace, and lots of greenery, amenities the owners hope will draw tenants back to in-person work post-pandemic. Tribeca Investment Group, PGIM Real Estate, and Meadows Partners announced this week plans for a $350 million redevelopment of 295 Fifth Avenue, also known as the Textile Building. The owners acquired a 99-year ground lease for the 17-story building in 2019 for $375 million.
New York Business Journal Real estate firms plan $350 million redevelopment of Midtown office tower
Tribeca Investment Group, PGIM Real Estate and Meadow Partners plan to invest $350 million to redevelop a 700,000 square-foot office building in Midtown South.