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New Owner Secures Financing for Hudson Square Office Redevelopment

The property, which is to be rebranded as 60 Charlton St., will when completed, involve the complete gut renovation of the existing six-story, 60,000-square-foot building and the addition of five new steel and glass floors on top of the existing structure.

By John Jordan | johnjordan | Updated on September 12, 2017

The redevelopment calls for the addition of five new floors at the 163 Varick St. office building. The redevelopment calls for the addition of five new floors at the 163 Varick St. office building.

NEW YORK CITY—A joint venture of APF Properties and Drake Street Partners has secured more than $73 million in financing for the acquisition and redevelopment of 163 Varick St.

The property, which is to be rebranded as 60 Charlton St., will when completed, involve the complete gut renovation of the existing six-story, 60,000-square-foot building and the addition of five new steel and glass floors on top of the existing structure, which will increase the total size of the boutique office building to approximately 100,000 square feet. The property will also feature ground-floor retail space.

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