Pages

Tuesday, November 7, 2017

Tishman Speyer Is Building an Office Tower Over Macy’s in Brooklyn

Anyone who’s been to Brooklyn knows that the borough has a feeling unique to that of its other four counterparts. To add a little modernism to the area, Tishman Speyer has teamed up with HNA Group to work on a new project in downtown Brooklyn called, “The Wheeler.”

PC: Tishman Speyer

The Design
The project will add 10 floors of office space above the four floors of Macy’s retail space, as well as create a new building core to replace the odd one. The new core will tie together the three buildings that make up the space and feature open floor plans with a lot of glass to allow natural lighting. The building will also offer an acre of useable outdoor space, including 11 terraces and a roof with grass and seating for all tenants to use. The first four floors of office space will offer 90,000 square-foot floor plates and 16-foot ceilings, while the remaining six foot with offer 34-60,000 square-foot plates.

The Cost
The developer won’t disclose the exact cost of the project, but it is know that they took out a $194 million construction loan and paid Macy’s $170 million for the top six floors. They will also give Macy’s another $100 million to renovate the retail space.

For more NYC building news, follow AMAA on Facebook and Twitter!

AMAA is your source for structural inspections, mechanical inspections, civil inspections, and architectural inspections in New York and the entire metropolitan area. With over 50 years of experience, we are known for both our high standards and specialized services. We have supported the work of some of the largest and most prestigious developers, retailers and more. Call us today at 212.867.6720 or visit our website for more information.

No comments:

Post a Comment