Brand New Office Space & Building in Manhattan with High Ceilings, Luxury Finishes and Huge Windows
It is undeniable that Chelsea has some of the most antiquated office buildings in New York City. Interestingly though, over the past decade, countless companies have selected this area for their workplaces due to the hip vibes, bustling restaurant scene, unparalleled nightlife, commuter convenience and inventory of loft buildings. Primarily led by the tech boom and creative industries, the neighborhood has become one of the most coveted for young firms in search of cool workspaces. That being said, there have only been a handful of new developments over the years, which made it challenging for financial services firms to commit to the area. However, there is a new trophy asset in town, 28 & 7, that makes it more palatable for these types of organizations to move into this prime neighborhood.
Designed by Skidmore, Owings & Merrill, 28 & 7 is a +/-100,000 square foot office building that stands 12 stories tall and aligns with the evolving demands of today’s office market. In keeping with the minimalist aesthetic of the Fashion Institute of Technology- which is directly across the street, the tower is a modern rendition of the prewar buildings that New York is known for. Located at 205 West 28th Street (on Seventh Avenue), this trophy asset’s column-free floorplan creates a sense of openness so that workplace collaboration and creativity can prosper. Throughout the building, floor-to-ceiling windows allow for natural light to seep into every corner. At the innermost spaces of every floor sits elevators, restrooms and a suite with a luxurious shower.
Several weeks ago, I had the pleasure of touring ownership’s most recent pre-built units and in my opinion, it is without a doubt best in class for Midtown South. Upon entering the building, you are greeted by a timeless Scandanavian inspired lobby, harmoniously incorporating extra-high ceilings and an abundance of curved, three-dimensional millwork, stone and metallic finishes. Catering to the modern post-pandemic workplace, it is evident that the building was crafted with hospitality in mind. As a matter of fact, the building feels more like a luxury residence, rather than a boutique office tower.
Utilizing materials often seen in the most coveted trophy office buildings and residential towers, you can tell that this asset is different from anything else in the neighborhood. Using a monochromatic color palette with many warmer touches throughout, this building just FEELS QUALITY. With full floors that measure 8,649 square feet each, ownership recently pre-built two of these floors (entire 8th (which has a lease out and is no longer available) & 7th (which has an asking rent of $103 psf- click here for the floorplan)) to an extremely high standard- see photos below. Additionally, extremely well-appointed furniture can be made available.
At the same time, ownership also decided to divide the entire 6th floor, and created two of the most luxurious pre-built options in Chelsea. With an asking rent of $99 psf each- they measure 3,849 rentable square feet and 4,836 rentable square feet respectively- making them ideal for any small hedge fund, family office or investment firm in search of office space with a “wow-factor”.
Besides the recently constructed options, ownership has several raw floors that they will build for an incoming tenant, with rents ranging from $88 – $118 psf depending on the location in the tower. For any hedge fund, private equity firm, investment bank, family office, or luxury office space user – this is a must see if you are currently in the market.