NEW YORK CITY—GHC Development with its joint venture partner Clarion Partners, is converting the original home of the American Stock Exchange, located at 123 Greenwich St., to retail and commercial space, with a hotel tower. It will be the first time the building is leased in its nearly century-long history.
A source close to the transaction tells GlobeSt.com that GHC Development and Clarion Partners have invested $65 million into the development.
Built in 1921, the structure is approximately 80,000 square feet of space, spanning three different floors, including 60-foot ceiling heights and two 25,000 square-foot, column-free floor plates. These spaces have distinct ground-floor identity and unique entrances on Greenwich Street and Trinity Place.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
