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JV Breaks Ground on Spec Office Tower in Hudson Square
Hudson Square Properties, a joint venture of Trinity Church Wall Street and Norges Bank Investment Management with Hines as operating partner, has broken ground on 555 Greenwich, a 270,000-square-foot, 16-story office tower in Hudson Square.
The new office tower will align and combine with the existing 345 Hudson St. to advance the ongoing transformation of this former printing and warehouse district into a thriving residential, commercial and retail community, the JV says. Reportedly it’s the first speculative office development in New York City to break ground in the wake of the pandemic.
“We hope this one- of-a-kind office and retail building, designed with thoughtful contextuality and a sense of place, will serve as a neighborhood pillar for years to come,” said Trinity’s Sujohn Sarkar.
AECOM Tishman will provide construction services, with completion projected for the fourth quarter of 2022. A CBRE team led by Paul Amrich will provide leasing services.
- ◦Development
