CONSTRUCTION ADVANCING FOR 15-STORY OFFICE TOWER

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NEW YORK CITY — Construction is advancing for a 15-story office tower located at 450 W. 14th St. in the Meatpacking District of Manhattan, New York City. The project consists of a 10-story glass tower that sits atop a five-story former cold storage warehouse. Additionally, the High Line, a former elevated rail track that is presently being redeveloped into a public park, travels through the former warehouse. Once the office project is complete in the first quarter of 2009, it will include 114,500 square feet of office space, as well as 8,022 square feet of ground-floor retail space and 6,000 square feet of lower-level retail space. The office tower is being developed by CB Developers, with Morris Adjami Architects serving as project architect. Kelly Gedinsky of Winick Realty is serving as exclusive leasing and marketing agent for the retail space.

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