NEW YORK CITY-Continuing to show its bullish stance on the Meatpacking District—and even some areas surrounding it—DelShah Capital has purchased 69 Gansevoort St., for $8.6 million. In addition, GlobeSt.com has learned EXCLUSIVELY that the company is under contract to buy a mixed-use property in the West Village.
DelShah already owns 55-61 Gansevoort and it plans to soon sign a lease with a national retailer at that building, Marc Watkins, EVP and director of acquisitions, tells GlobeSt.com. He declined to name the prospective tenant.
That retail agreement, coupled with other area developments on tap, promise to make the MPD even hotter than it is today, according to Watkins. “We see huge potential for the area with the Highline, the upcoming Whitney Museum and Thor Equities' project at 837 Washington St.," he says. “We think the Meatpacking District will be different in a couple of years because of these anchors and with the new pedestrian walkway that'll extend from 58 Gansevoort to 40 Gansevoort. That'll bring a lot of foot traffic down 9th avenue to Gansevoort street.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
