News and Insights
Chelsfield is pleased to announce the acquisition of a new asset in SoHo, NewYork City
Chelsfield is pleased to announce the acquisition of 580 Broadway / 112 Crosby Street, a 12 story (140,000 sq ft) office and retail building in New York City. The asset will undergo a complete renovation to transition the commercial building into a prime office and retail property in the heart of the historic neighbourhood of SoHo.
As the centre of gravity in New York continues to move South and West, SoHo is leading the city’s re-emergence as the neighbourhood of choice, offering a live-work-play environment and an ecosystem attracting creative, venture, finance, fashion, and media tenants alike as well as global luxury and boutique retail as businesses look to re-engage their customers in a more thoughtful way.
“The property offers a unique opportunity to deliver a forward-looking vision centred around the future of workplace while at the same time looking to the area’s conservation context and architecture which is being recognised as ever more important in people’s decisions around placemaking and attracting talent,” said Paul Apollonio, Managing Director of Chelsfield America.