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GlobeSt.com EXCLUSIVE: Highline Development To Add More Than 90,000 SF to Meatpacking District

NEW YORK CITY-The owner of a rehab project at 446-450 West 14th St. aims to attract fashion retailers, media tenants and other users looking to establish a brand presence in this trendy Downtown neighborhood.

By Stacey Corso | Updated on November 16, 2004

Stacey Corso is editor of Real Estate New York NEW YORK CITY-Two new mixed-use buildings are about to come on line in the Meatpacking District, a neighborhood that continues to attract high-end fashion retailers, small media and advertising companies, as well as other boutique office tenants. Charles Blaichman is managing principal of Highline Development LLC, a New York City-based investment and development that is spearheading the development. The property consists of 93,157 sf of office and retail space in two freestanding assets: 446 West 14th St. and 450 West 14th St. The development cost is expected to be $30 million.

Highline is asking $1.3 million a year for the four-story, 20,000-sf space at 446 West 14th St. Although the landlord’s agent, Sinvin Realty Corp., would not disclose the interested tenant’s name, Sinvin officials say it is courting one sole user for the entire space.

“We are seeking a retailer that needs showroom space and office space,” Christopher Owles, managing director of Sinvin Realty Corp., says of 446 West 14th. He adds that part of the building’s appeal relates to its location next to designer Diane von Furstenberg’s new space.

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