All the attention given to buying, selling and rejiggering prewar buildings has driven developers to be more creative with their new purchases.
“I don’t believe you can’t make an efficient and proper prewar building, and I don’t believe you can’t make a funky and cool new building,” says Woody Heller, who heads capital markets for Savills Studley.
Heller points to the Taconic/Thor redevelopment at 837 Washington St., opposite the High Line, as “a funky new building designed to offer what tenants covet.”
At the same time, Heller notes that real estate investor L&L Holdings has created a new category of building stock: “Prewar Class A...”How pre-war buildings are becoming the new modern
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