Hines’ Hudson Square Footprint Reaches 22,000 Square Feet Following Latest Expansion

Manhattan aerial view

Manhattan aerial view

Hines — a Houston-based real estate investor and developer — is expanding its Hudson Square presence by connecting its existing, 17,000-square-foot office space on the 12th floor of 345 Hudson St. to an additional 15,000 square feet in the adjacent building at 555 Greenwich St. This 12-year lease expansion is part of a joint venture with Trinity Church Wall Street and Norges Bank Investment Management. Hines developed and owns both properties.

The deal was brokered by CBRE’s Paul Amrich, Howard Fiddle, Neil King, Zac Price and Ben Joseph.

Construction of the complex began in 2021 and was completed in October 2023.

The combined 555 Greenwich-345 Hudson complex boasts a variety of high-end features designed by COOKFOX Architects. For instance, tenants will enjoy an abundance of natural light through floor-to-ceiling windows, as well as breathtaking city and Hudson River views. They’ll also have access to communal workspaces; art installations; event and conference space; a casual lounge; food and beverage options; and a fitness and wellness center.

Notably, sustainability is a major focus of the development with a dedicated outdoor air system (DOAS), a unique geothermal energy supply and an integrated heating system that utilizes AI for heat distribution. The complex is also on track to achieve LEED Platinum status — a prestigious recognition for its environmentally friendly design.

“Hines’ expansion at 555 Greenwich-345 Hudson demonstrates our conviction that this building and the Hudson Square neighborhood represent the future of the workplace,” said Sarah Hawkins, CEO of East Region at Hines. “We are proud that our office will showcase our commitment to architecture and sustainability and will provide a next-generation work environment to our employees in the most dynamic neighborhood in New York City.”

“Hines is strategically broadening our New York City office footprint to represent our growth in this unparalleled financial hub, as we have similarly recently done in key locations, such as London, Singapore and our headquarters in Houston,” said David Steinbach, global chief investment officer at Hines. “We eagerly anticipate revealing our premier office to investors, partners and, most notably, our valued employees.”

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Writers Guild of America East Renews Lease for Hudson Street Headquarters

Lower Manhattan skyline

Lower Manhattan skyline

The Writers Guild of America East (WGAE) decided to renew its 16,749-square-foot lease at the Jack Resnick & Sons-owned 250 Hudson St. for an additional 16 years. The 70-year-old labor union will maintain its presence on the seventh floor of building, which has been its headquarters since 2010.

Adam Rappaport and Brett Greenberg represented the landlord in-house, while Cushman and Wakefield’s David Hoffman and Sam Hoffman negotiated on behalf of the tenant.

Following this latest deal, 250 Hudson St. is 100% leased, with a tenant roster that includes the likes of public relations firm Edelman, TMRW Life Sciences, Walmart and Lieff Cabraser Heinmann & Bernstein.

WGAE’s decision was made following extensive research of other office spaces in Hudson Square, the Financial District, and Midtown West. However, their strong relationship with Jack Resnick & Sons and the favorable renewal terms made staying at 250 Hudson the most attractive option.

This outcome aligns perfectly with owner’s vision for the 394,424-square-foot property from as far back as 2008. At the time, the firm completed a $40 million renovation of 250 Hudson, aiming to revitalize the neighborhood as a creative office hub.

“Fifteen years ago, we saw the potential for Hudson Square to become a hub for New York’s most innovative and creative companies,” Resnick said in a statement. “The Writers Guild of America East was among the first of those tenants to sign on at 250 Hudson.”

Their gamble paid off. Located in the heart of Hudson Square’s vibrant hub for leading technology, science, and media companies, 250 Hudson St. is one of two former printing and manufacturing buildings redeveloped by Resnick in the area. The 14-story building – which also includes roughly 13,000 square feet of retail space – boasts a limestone and marble lobby, high ceilings, polished terrazzo floors, and an award-winning landscaped rooftop with stunning views.

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5 Things to Do in Houston While on a Business Trip, According to Locals

Houston coworking spaces

Houston coworking spaces

Right in the heart of Texas, Houston is a dynamic city where Southern charm meets urban sophistication. Known as the Space City, Houston boasts a skyline punctuated by impressive skyscrapers and a sprawling network of diverse neighborhoods, each with its own unique character.

The city’s rich history is further reflected in its vibrant arts scene, world-class museums and historic landmarks. From the lush expanses of Hermann Park to the bustling activity of Discovery Green, Houston offers ample green spaces that provide a serene escape from the city’s hustle and bustle.

Adding to Houston’s allure is its culinary scene, which is as varied as its population. Here, you can find everything from traditional Tex-Mex and world-famous barbecue to innovative fine dining that rivals any major metropolis. The city’s food culture is also a testament to its diversity with influences from every corner of the globe converging to create a unique gastronomic landscape.

Meanwhile, sports enthusiasts will also find plenty to cheer about with passionate fans supporting teams like the Astros (MLB), Rockets (NBA) and Texans (NFL) bringing a palpable energy to the city.

In any case, Houston’s sense of community is evident in its welcoming residents, who embody the resilience and friendliness that define this vibrant city. Despite the challenges of rapid growth and the ever-changing landscape, Houstonians remain proud of their city’s heritage and optimistic about its future.

Clearly, whether you’re a long-time resident or a first-time visitor, Houston has an abundance of incredible and unique experiences to offer. So, to help you make the most of your time in this dynamic city, we’ve gathered insights and tips from locals on the best things to do in Houston. Here’s what they recommend:

1. Discover the Museum District

Pamela O’Brien, ASID, NAHB, TAB, GHBA, and PaperCity Design Award Winner for Pamela Hope Designs, suggests starting your day with a leisurely latte and pastries at Cafe Leonelli, which is located within the Museum of Fine Arts Houston.

“The museum opens at 11, so you can simply walk right through to visit the museum’s international collections of modern and contemporary art,” she said. “Once you’ve seen enough, there is a tunnel system to take you across the street. You stay out of the weather and traffic and experience interesting light installations and more art during the short walk. You can visit two additional buildings based on your interests. There are always excellent traveling exhibitions, as well as important permanent collections of Asian, African, Islamic, and Native American art, along with plenty of ancient European and American works.”

Then, for lunch, O’Brien recommends splurging at Le Jardinier, which is also in the museum complex, or strolling down the street to the chic and cheeky Hotel Zaza for lunch at Monarch.

“You can walk off your lunch by visiting nearby Hermann Park and its gardens or peruse the Cullen Sculpture Garden,” she continued. “If you’d prefer to relax, consider a spa treatment at ZaSpa at Zaza. The nearby Rice Village area is great for afternoon shopping and will no doubt provide something tempting for dinner.”

2. Experience Space Exploration

David Ciccarelli, CEO of Voices, emphasizes the importance of visiting NASA’s Space Center to learn about the history of space exploration.

“First and foremost, visitors should check out NASA’s Space Center to learn about the history of space exploration and enjoy some interesting exhibits,” he said. “From there, the Museum of Fine Arts and the Museum of Natural Science are both great additions. The underground tunnels and Chase Observation Tower make for a great adventure, especially on those hot Houston days.”

For a quirky experience, Ciccarelli recommends the Beer Can House — which is made out of more than 50,000 beer cans — or the Art Car Parade if you’re visiting at the right time.

“Enjoy Mexican food at The Original Ninfa’s or some delicious BBQ at Truth Barbeque,” Ciccarelli said. “There’s no shortage of great places to enjoy!”

3. Explore the Montrose Neighborhood

Ha Malloy, content creator and founder of Heat and Heartbeat, highlights Montrose as a must-see.

“Montrose offers a unique and vibrant experience that’s distinct from other neighborhoods in Houston,” Malloy explained. “I love the atmosphere this area has to offer, and it is fun to explore both during the day and at night.”

Notably, the neighborhood is home to a mix of historic homes, bungalows and mid-century modern buildings. At the same time, it’s also the center of a diverse culinary scene with a wide array of restaurants, cafes, bars, and eateries to choose from, thereby catering to cravings from Tex-Mex to Vietnamese to Mediterranean.

“The neighborhood also has a lively nightlife with plenty of bars and clubs, where you can enjoy live music, cocktails and dancing.”

One of Malloy’s favorite aspects of Montrose is its colorful street art and murals:

“Taking a stroll through Montrose allows you to discover these vibrant works of art and capture some Instagram-worthy photos. Lastly, this lively place is filled with quirky boutiques, vintage stores, and independent shops offering unique clothing, jewelry and gifts. It’s a great place to browse for one-of-a-kind treasures, support local businesses, and find the perfect souvenir for you, family and friends!”

4. Indulge in Houston’s Culinary Scene

Crystal Olenbush, a real estate expert at AustinRealEstate.com, believes Houston’s culinary scene truly shines.

“There’s truly something for everyone to enjoy while visiting our great city on business,” she said. “When I have clients in town, here are a few of my favorite things to show them.”

Olenbush recommends the Conservatory for a variety of food options in one place.

“Personally, I love experiencing the local influences at places like Xochi or Brenner’s on the Bayou,” she added. “The seasonal menus really showcase what the Gulf Coast has to offer.”

Or, for entertainment, Olenbush reports that Houston offers great options.

“Catching a show at the Houston Grand Opera or touring the Museum District are always crowd-pleasers,” she said. “The Menil Collection and Contemporary Arts Museum Houston offer a refreshing break from the ordinary. If you want to get outside, exploring places like Discovery Green or MacGregor Park is a nice way to take in our subtropical climate.”

5. Savor Diverse Food Offerings

Shanta Mauney of Mauney Business Consulting praises Houston’s food scene for its incredible diversity.

“Business travelers coming to Houston will be delighted to find some of the best restaurants, in my opinion, in the world,” she said. “The food scene is amazing with great Tex-Mex cuisine, barbecue, seafood, and eateries representing every culture imaginable from Indian, Vietnamese, and Filipino to French, Greek, Italian, Jamaican, Ethiopian and beyond!”

In particular, Mauney suggests including The Taste of Texas, The Breakfast Klub, and Pappasito’s on your list of places to meet and eat.

“If you’re working downtown, walk the underground tunnels, where you’ll find shops and more restaurants,” she shared. “Don’t miss the Phoenician Market. In the Museum District, book a conference room or meet for dinner and drinks at Hotel Zaza.”

Overall, Houston is a city that continually surprises and delights its visitors. With its rich cultural diversity, dynamic culinary scene and welcoming locals, it offers an endless list of unique experiences. Whether you’re here for a business trip or an extended stay, embrace the spirit of Houston and create your own memorable experiences.

 

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Geneva Commons Shopping Center Changes Hands

aerial view of Geneva Illinois, the highly affluent suburban submarket of Chicago

aerial view of Geneva Illinois, the highly affluent suburban submarket of Chicago

Privately held, New Jersey-based, full-service real estate investor Lamar Companies teamed up with Colorado-based real estate company Real Capital Solutions for the successful acquisition of a sizeable open-air shopping center in the western Chicago submarket of Geneva, Ill.

The joint venture recently announced that it was the proud new owner of Geneva Commons, a hybrid, open-air center that incorporates more than 437,000 square feet of suburban Chicago retail space and accommodates a dynamic mix of casual and sit-down dining; fitness; beauty; jewelry; furniture; pet; apparel; and service businesses.

“Geneva Commons is well-positioned as the most dominant and productive lifestyle center in Chicago’s western suburbs,” said Frank Maresca of Lamar Companies. “The property enjoys a unique location and competitive positioning that insulates it from direct competition. We look forward to reinvesting in this premier asset to drive further leasing activity.”

The property’s trade area includes more than 246,000 residents earning an average annual household income in excess of $155,600, which is more than 40% higher than the average across the state of Illinois. What’s more, the traffic count at this location is more than 5,000 cars per day. The property is anchored by Barnes & Noble and Dick’s Sporting Goods. Other tenants include The Fresh Market; Binny’s; DSW; HomeGoods; Sephora; Athleta; Lovesac; Williams Sonoma; Pottery Barn; Bath & Body Works; J. Crew Factory; and First Watch.

The new owners reportedly plan to build upon the property’s best-in-class tenant mix to enhance the shopping experience. Upcoming improvements are also expected to enhance the quality of Lamar Companies’ recently assembled portfolio of premier lifestyle centers that present significant value-add potential. Recent acquisitions include The Shops at Valley Square in Warrington, Pa., and Village at Cambridge Crossing in Mount Laurel, N.J.

  • Located in the suburban Philadelphia submarket of Warrington, Pa., The Shops at Valley Square includes more than 293,000 square feet of retail space, boasts major street exposure along Pennsylvania State Route 611 and sees a traffic count of more than 31,600 cars per day.
  • Village at Cambridge Crossing is a neighborhood center that incorporates nearly 107,500 square feet of suburban metropolitan Philadelphia retail space. It’s located on State Route 38 and the New Jersey Turnpike, and benefits from a daily traffic count of more than 77,500 cars.

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PowerHouse Bringing Massive Data Center Campus to Las Colinas, Texas

aerial landscape view of the rail going into the central business district of Las Colinas in Irving, Texas

aerial landscape view of the rail going into the central business district of Las Colinas in Irving, Texas

Investment management firm Harrison Street and real-estate solutions provider PowerHouse Data Centers joined forces for the successful acquisition of 50 acres of land in Las Colinas, Texas.

Located at 111 Customer Way, the site will serve as home to a nearly 1-million-square-foot data center campus dubbed PowerHouse Irving. When completed, the development is expected to deliver 200 MW of power and represent a significant addition to the Dallas-Fort Worth area, which has grown into one of the largest data center markets in the country.

With construction scheduled to begin in early 2025, completion of the first phase is expected before the end of that same year. In total, plans call for three powered shell data centers totaling more than 946,000 square feet with a total power load of 67 MW per building. The campus benefits from immediate access to permanent power from an existing adjacent substation that’s serviced by Oncor.

“Location, speed to market, and power performance are critical to everything we do,” said PowerHouse CEO and Founder, Doug Fleit. “Irving-Las Colinas has developed into a hugely important connectivity hub with major financial influence and is an integral part of the Dallas market, which has the fourth-largest concentration of Fortune 500 companies in the nation and the 20th-largest economy in the world. We are excited to deliver the first of several planned projects to serve one of the most dynamic data center markets in the world and provide first-rate connectivity solutions for hyperscale customers.”

PowerHouse Irving is the companies’ third multi-phased data center development to be announced so far this year and marks a significant milestone for PowerHouse’s strategy to expand across key data center markets in the U.S.

“As we continue to demonstrate, our city is a prime destination for vital data infrastructure projects,” said Irving Mayor, Rick Stopfer. “Our skilled workforce, transportation links, central location, and ease of doing business attract companies ready to build the base for future high-technology applications.”

Las Colinas — one of the largest office submarkets in the country — is a thriving community located in the heart of the Dallas-Fort Worth metroplex. Boasting almost unparalleled accessibility with links to multiple highways, mass transit options and several airports, the Irving enclave is a distinctly attractive destination for corporate headquarters as it’s home to more Fortune 500 corporate headquarters per capita than any city in the state of Texas. As such, companies located here have access to a talent pool of more than 4 million skilled workers within a 30-minute commute and within a region that’s home to more than 40% of the advanced technology workers in Texas.

“Dallas is an established data center market that is seeing significant growth and serves as a major hyperscale compute cluster for the central region,” said Michael Hochanadel, managing director and head of digital at Harrison Street. “We are leveraging our valued partnership with PowerHouse to deliver much-needed capacity to this high-growth area, meeting escalating demand-driven cloud, AI, and other use cases.”

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