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Deals & Dealmakers

Taconic unveils plan to renovate 817 Broadway

Taconic Investment Partners LLC, in partnership with TH Real Estate and Squire Investments LLC, announced that Newmark Grubb Knight Frank and RKF will handle office and retail leasing, respectively, at 817 Broadway, a 15-story, 140,000 s/f commercial building in Greenwich Village.

The partnership has tapped Studios Architecture to modernize the historic structure, which sits at the corner of East 12th Street and Broadway, two blocks south of Union Square.

“Working with Studios Architecture, we plan to make significant improvements to transform the building in to a Class-A flagship for market-leading, global companies,” said Paul Pariser, co-CEO of Taconic Investment Partners.

There will be a full modernization of the office lobby, elevators and MEP systems and the historic façade will be fully restored. The windows will be replaced to maximize light and views on the office floors with 12-foot-tall ceilings and a new rooftop terrace will provide the opportunity for a tenant to have a first-class office at the top of the building with direct access to outdoor space.

The corner retail space, with 18 ft. tall ceilings, will have new storefronts along the building’s 160 feet of wraparound frontage on Broadway and 12th Street.

David Falk, Jason Greenstein and Daniel Levine from Newmark Grubb Knight Frank will spearhead leasing of the 130,000 s/f of office space spanning the second to the 15th floor.

The retail leasing team, led by Karen Bellantoni, Ross Berkowitz and Brandon Berger from RKF, will be responsible for the ground floor corner retail space, which can be subdivided or made contiguous with the second floor and lower level.

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