East End Capital
141 East Houston will be a new, high design, best-in-class 65,000 SF office building with three levels of retail at the base
NEW YORK, NY – (October 2nd, 2019) – On October 2nd, the partnership developing 141 East Houston Street (www.141easthouston.com) held the project’s official groundbreaking. Situated on the Lower East Side, between 1st and 2nd Avenues, on the site of the former Sunshine Theater which is now fully demolished, site excavation commenced and construction is now well underway.
East End Capital, developers of the project, were joined by its partners Greenfield Partners and K Property Group. Also in attendance were executives from the building’s architect, Roger Ferris + Partners, and the general contractor, CM & Associates.
When completed in early 2021, 141 East Houston will be a new, best-in-class 65,000 SF office building, including three levels of retail at the base. Tenants can expect a spectacularly designed building from Roger Ferris, showcasing massive windows with expansive views, 14-foot ceilings, column-free efficient space, an exclusive tenant lounge, and both private and communal outdoor terraces.
“The Lower East Side has more creatives living in it than just about any neighborhood in New York, yet it currently has no class A office space. We are thrilled to be a part of the neighborhood’s changing landscape and provide something that is really needed,” said Jonathon Yormak, Co-Founder of East End.
“The building is beautiful and incredibly efficient for tenants,” added David Peretz, East End’s other Co-Founder, “and, we suspect, employers will find it very easy to recruit the best talent to this location.”
Office leasing is being handled by Howard Hersch of JLL, and retail leasing is being handled by Richard Skulnik of RIPCO.
###
About East End Capital:
East End Capital (www.eastendcap.com) is a vertically integrated owner and developer of commercial, residential and retail real estate throughout New York and South Florida. The company seeks out growth areas fueled by the arts and the creative class, and demographic and infrastructural improvements. A few notable East End projects include Wynwood 25, The Plant @ 321 West 44th Street, The Wynwood Annex, 285 Madison Avenue and 123 William Street. For further inquiries please contact Amanda Claudio at 917.281.0342 or aclaudio@eastendcap.com.
About Greenfield Partners
Greenfield Partners (www.greenfieldpartners.com) was established by Eugene A. (“Gene”) Gorab in 1997. The firm manages capital on behalf of its principals and limited partners, and has, since inception secured capital commitments in excess of $4.0 billion across a series of discretionary investment vehicles. Greenfield’s limited partners include leading state and corporate pension plans, university endowments, private foundations and high net worth individuals. Greenfield is based in southwestern Connecticut.
About K Property Group:
K Property Group (www.KPropertyGroup.com) is a fully integrated real estate private equity platform. With over 35 years combined experience based in NYC, KPG manages fully discretionary institutional vehicles targeting middle market value-add office investments. KPG’s management team has relied on an investment philosophy and organizational structure that results in its investors uncovering special situations and getting to opportunities ahead of the market, while receiving an unmatched level of service, transparency and accountability.
About CM and Associates:
CM and Associates (www.cm-assoc.net) was founded by Christopher Mesbah in 2005. Our initial vision is the same as it is today. We believe that a collaborative relationship, proper planning, and appropriate oversite will always lead to a successful outcome. With that model we have effectively completed multiple condominium, rental, hotel, and office developments in the New York City Metropolitan Area. These projects totaling over $1 billion, from 50,000 SF to 350,000 SF, have all been successfully delivered both on time and under budget.
About Roger Ferris + Partners:
Roger Ferris + Partners (www.ferrisarch.com) is a critically acclaimed architecture firm providing architectural, interior design and master planning services to private, corporate and public-sector clients. The firm’s portfolio includes commercial offices, multi-family residences and mixed-use projects such as 34 Desbrosses Street in New York, The Equinox Hotel in Chicago, Kenmore Square in Boston and Screenland Lofts in Burbank. Through an approach to design that synthesizes creative imagination and rational logic, RF+P engages diverse and challenging projects, enhanced by the ability to cross-pollinate design skills among building typologies. As the recipient of over 80 regional, national and international citations and awards, the firm has earned praise from numerous highly respected international design and architecture organizations. With its headquarters in Westport and offices in New York City and Bridgehampton, the firm is committed to providing noteworthy architecture that responds to its environment while still further engaging the process of design exploration.
