The Moinian Group has selected JLL as the brokerage team to lease its new office tower at 220 11th Avenue in West Chelsea.
The ground-up development will include 200,000 s/f of Class-A commercial space with open, column-free floor plates, 17 ft. ceilings and 11,000 s/fof outdoor space, including a rooftop spanning the block from West 25th to West 26th street.
Peter Riguardi, president of the New York Region at JLL, along with Frank Doyle and Cynthia Wasserberger, will lead the leasing effort.
The development, which will also include 7,500 s/f of ground-floor retail and 5,100 s/f of cellar retail, is scheduled to break ground this year, with occupancy in the second half of 2021.
“We are thrilled to deepen our investment and expansion on the Far West Side and partner with JLL as our leasing agents on 220 11th Avenue,” said Mitchell Moinian, principal at The Moinian Group.
“The emergence of the Highline and coinciding neighborhood rezoning has spurred a remarkable migration to West Chelsea, hands down the hottest location for a tenant looking to establish a modern presence in the city. We are excited to add much-needed premiere office space to this dynamic market.”
Slated to rise ten stories and up to 145 feet, with most of the views open to the Hudson River, 220 11th Avenue is being designed by Studios Architecture.
“220 Eleventh Avenue will be a state-of-the-art development designed to connect discerning office tenants to the attributes of the burgeoning West Chelsea neighborhood,” Riguardi said.
“We are excited about this unique opportunity for a signature tenant to creatively brand and control office space in this forward-thinking asset.”
220 11th Avenue is located between West 25th Street and West 26th Street, four blocks from the 23rd Street subway station and NYC ferry in the Hudson Yards District.
West Chelsea has become a destination for innovative company headquarters, with projects such as Starrett-Lehigh and Terminal Stores setting price-breaking precedents.
The New York Post reported last month that the Rechler Group is upgrading the Starrett-Lehigh Building with a new entrance, retail, restaurants and food hall called the Starrett-Lehigh Depot.