Tishman Speyer To Build A Tech Office Magnet In West Chelsea Postal Facility

A rendering of the planned office development on the Morgan North Post Office in West Chelsea
Photo credit: Courtesy of Tishman Speyer
A Rendering Of The Planned Office Development On The Morgan North Post Office Property In West Chelsea

New York City's western edge is getting even more office space, with Tishman Speyer landing a deal to build a brand-new development in the 10-story Morgan North Postal Facility.

The company announced Wednesday it has reached a 99-year lease deal with the United States Postal Service to redevelop the upper floors of the facility in West Chelsea into 630K SF of offices.

The space will be designed for the wave of creative and tech firms expanding in the city. Tishman Speyer says it will feature Manhattan’s largest private roof deck, which will overlook the High Line elevated park that has helped turn Chelsea into one of New York's most popular locations for apartments, hotels and offices.

“With its West Chelsea location on the High Line and just steps from the Meatpacking District, Morgan North resides at the crossroads of Manhattan’s most vibrant and dynamic neighborhoods,” Tishman Speyer President and CEO Rob Speyer said in a statement. “Just as importantly, this authentic New York City building, with its limestone and brick facade, high ceilings, massive open floors and countless outdoor amenity options, is ideally suited for today’s creative, tech-oriented workforce.”

The art deco building spans an entire block at Ninth to Tenth Avenue and 29th to 30th streets, and the USPS will continue to run a post office in the lower part of the building. Tishman is also creating more than 5K SF of retail along Ninth Avenue.

Tishman will be paying $19M annually and ask tenants to pay $100 per SF, the New York Post reported, citing sources.

Once complete, the building will feature floor plates between 48K SF and 200K SF, and the seventh floor will open onto a 2.5-acre rooftop. Ceilings will be up to 17 feet high. The construction is slated to begin next year and wrap in mid-2022.

Photo credit: Courtesy of Tishman Speyer
A Rendering Of The Interior Of Morgan North

The building is the latest in the works reshaping Manhattan's West Side, where major new office developments have been coming to fruition over the last few years.

Tishman itself is developing a supertall at 66 Hudson Blvd., known as the Spiral, where Pfizer has agreed to lease 800K SF, near Related and Oxford Properties Group’s Hudson Yards megaproject.

Brookfield’s Manhattan West project, which is one block from Tishman’s new Morgan North development, has inked deals with Skadden Arps, Accenture and the National Hockey League. SL Green is redeveloping 460 West 34th St., Cove Property Group is creating a new office building at 441 Ninth Ave. and Vornado and Related are building new offices on top of the Farley Post Office building, which is connected via underground tunnel to Morgan North.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Mamdani Adds Millions To Program Helping Retailers Negotiate With Landlords

Canadian REIT Buys Brooklyn Medical Office For $90M: The N.Y. Deal Sheet

NYC Stops Construction On Another Office-To-Residential Conversion As Inspectors Descend On Job Sites

SL Green Cashing In On Surging Manhattan Office Market

Developers Build More Bedrooms As 99-Unit Projects Dominate

Mamdani Names Anthony Shorris CEO, Lina Khan Chair Of EDC

Landlords Sue Rental Board, Claiming 'Sham Process' Led To Rent Freeze