(212) 518-4942
info@tavroscapital.com
Repositioning | Residential | Retail 48 Ninth Ave
14TH & 9TH AVE
NEIGHBORHOOD:
Located in the heart of Manhattan’s Meatpacking District, at the nexus of the West Village and Chelsea on the northeast corner, Meatpacking plaza is one of the most significant locations in all of Manhattan.
SPACE:
The portfolio consists of three mixed-use retail and multifamily pre-war buildings, boasting approximately 26,000 square feet of the best and most underutilized retail space along with 82 apartments. The portfolio also includes approximately 25,000 square feet of developable air rights.
RESIDENTIAL:
The property’s residential units will be significantly improved through strategic interior building renovations including upgrades to the units, commons areas, and new amenities. Additionally, the properties will be undergoing a rebranding process including a new website and marketing initiatives to reposition the assets as iconic and irreplaceable buildings in the marketplace.
Tavros Holdings and Arel Capital acquired the property in October 2014, with the focused capital expenditure and renovation program commencing shortly thereafter.
Building Amenities
Located at the epicenter of Meatpacking District, one of New York City’s hottest neighborhoods
Convenient access to the West Side Highway and A, C, E, and L subway lines
Other Properties in Retail
14TH & 9TH AVE
NEIGHBORHOOD:
Located in the heart of Manhattan’s Meatpacking District, at the nexus of the West Village and Chelsea on the northeast corner, Meatpacking plaza is one of the most significant locations in all of Manhattan.
SPACE:
The portfolio consists of three mixed-use retail and multifamily pre-war buildings, boasting approximately 26,000 square feet of the best and most underutilized retail space along with 82 apartments. The portfolio also includes approximately 25,000 square feet of developable air rights.
RESIDENTIAL:
The property’s residential units will be significantly improved through strategic interior building renovations including upgrades to the units, commons areas, and new amenities. Additionally, the properties will be undergoing a rebranding process including a new website and marketing initiatives to reposition the assets as iconic and irreplaceable buildings in the marketplace.
Tavros Holdings and Arel Capital acquired the property in October 2014, with the focused capital expenditure and renovation program commencing shortly thereafter.
Building Amenities
Located at the epicenter of Meatpacking District, one of New York City’s hottest neighborhoods
Convenient access to the West Side Highway and A, C, E, and L subway lines