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New York & Tri-State  + Downtown New York  + Office  | 

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. 


Inside The Story

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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