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Nuveen, OCDM Transform Former Sears Warehouse

The base building redevelopment of Nuveen Real Estate’s 368 Ninth Ave. is nearing the halfway mark. OC Development Management (OCDM) is working with Nuveen to renovate the property’s lobby and ground floor, and add a 2,000-square-foot rooftop amenity space (pictured).

Originally built in 1930 by Sears Roebuck & Company as a combination warehouse and office building, the property was acquired by Nuveen from the Feil Organization and Savanna in late 2014. Situated at the southeast corner of Ninth Avenue and 31st Street, 368 Ninth sits in close proximity to Penn Station, Hudson Yards and Chelsea.

OCDM’s work helped lead to WeWork’s new 236,000 square-foot location at the building, which was the largest co-working transaction completed in New York City last year.

“Our vision to redevelop this underutilized property into a class A office building with amenities is now becoming a reality,” said Nuveen’s Galina Breslav. A third-quarter completion is expected.

Image courtesy of Nuveen Real Estate

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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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