NEW YORK CITY — San Francisco-based The Swig Company and New York City-based Himmel + Meringoff Properties have created a partnership to acquire the remaining 49.9 percent interest in 1460 Broadway, a 16-story commercial office tower located in Manhattan’s Times Square. The partnership plans to redevelop and reposition the 215,000-square-foot office and retail property located on the corner of 41st Street and Broadway. Once the interest of The Blackstone Group is acquired, The Swig Company will be the majority owner of the property and Himmel + Meringoff will act as operating partners to oversee the redevelopment process. The repositioning of the building is made possible by the vacating of all the office space by next March and the ability to deliver the entire 35,000-square-foot flagship retail space by the end of 2015.
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