Hudson Square sees a surge in leasing activity, with recent deals including PayPal’s 261,000-square-foot lease at 345 Hudson Street and Tennr’s 125,000-square-foot commitment.
Hudson Square is emerging as a premier destination in Manhattan’s office market, benefiting from a citywide scarcity of high-quality, large-floor-plate office space. Bolstered by recent upgrades and the area's reputation for attracting tech and creative tenants, the neighborhood has seen significant leasing momentum, including major commitments from PayPal and Tennr. The area, historically defined by printing and graphics, continues to attract corporate giants, supported by a 2013 rezoning that is now catalyzing a transition toward a mixed-use environment.
While the office sector regains its footing following a pandemic-era surplus, developers are also looking toward residential expansion to round out the neighborhood's live-work-play appeal. Notably, MAG Partners and Global Holdings are moving forward with plans for a 149-unit residential tower at 122 Varick Street, signaling the next phase of growth in the district.
DynamicDuo 55th LLC has filed a $40.6 million pre-foreclosure action against a building in Manhattan that Extell Development is reportedly seeking to acquire.
Rogers Builders & Development secures a $21 million loan to develop a 99-unit mixed-use project at 72 West Street in Brooklyn's Greenpoint neighborhood.
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