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Long-Neglected-F.M.-Ring-Properties-in-NoMad-Being-Revived-for-Tech-Tenants-NYTimes.pdf
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📊 Size: 325 KB
📄 Pages: 5 pages
⬇️ Downloads: 42

Summary

Long-neglected F.M. Ring properties in NoMad are being revived for tech tenants after Extell Development Company purchased the bulk of the portfolio. The properties, which had been abandoned by the reclusive family-owned development firm, will undergo renovations to attract tech companies. Kaufman Organization has leased four of the buildings for $115 million in a 99-year deal and plans to add air-conditioning, open floor plans, and energy-efficient features. The renovated buildings will offer rents of about $65 a square foot, catering to the growing tech industry in the NoMad, Union Square, and Flatiron neighborhoods.

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Long-neglected F.M. Ring properties in NoMad are being revived for tech tenants after Extell Development Company purchased the bulk of the portfolio.

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  • File Format: PDF
  • File Size: 325 KB
  • Pages: 5
  • Language: EN
  • Total Downloads: 42
  • Last Updated: 3 weeks ago

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