Hines, Norges Bank, Trinity Church to Top Out Manhattan Tower
Targeting LEED Platinum certification, the project is on track for completion next year.
Hudson Square Properties, a joint venture of Trinity Church Wall Street, Norges Bank Investment Management and Hines, will celebrate the topping out of 555 Greenwich, a 16-story office tower in New York City, on April 26. The 270,000-square-foot project broke ground in July of last year and is scheduled for completion in 2023.
Upon completion, the building will align and connect in a full-block building with the adjacent 345 Hudson St., which is also owned by the developer. The addition will provide 85,000-square-foot floorplates with a large variety of leasing configurations. Designed by COOKFOX Architects, the office tower will provide geothermal and radiant heating and cooling, full electrification and a dedicated outside air system for 100 percent outside air.
A new sustainable tower in Manhattan
The building is currently targeting LEED Platinum certification and will feature 6,000 square feet of retail space, according to CommercialEdge data. There will also be 33,000 square feet of outdoor space as well as 11 outdoor terraces.
Located at 555 Greenwich St., within the burgeoning Hudson Square area, the office tower is less than 1 mile northeast of Holland Tunnel, enabling an easy commute between its Manhattan location and Jersey City. The Houston St. metro station is also less than half a mile west of the property. Several dining, retail and entertainment options are available within a 1-mile radius.
Active in many markets across the U.S., Hines, in partnership with Pearlmark and an undisclosed LP, scored a $136 million loan for the refinancing of 1125 17th St., a 494-689-square-foot office tower in downtown Denver. This building is also LEED Silver-certified.
