Town Residential adds another outpost to its ever growing portfolio

Town Residential is back in the news again with the addition of yet another outpost to its wide array of luxurious offices in and around New York City. This will be the company’s 10th Manhattan outpost since its inception back in the year 2010. The new outpost of the company has been set in the Meatpacking District of NYC and has intrinsic value in the long run due to it access to residential neighborhoods along the river Hudson which also helps boost its brand value.

The company has leased out the second floor of 446W. 14th St. in its entirety. The new office boasts of 7100 square foot space with 16-foot ceilings and has ready access to a private roof deck which sits on top of the three storied building. Speaking to the media, Mr. Heiberger, the founder, and CEO of the residential brokerage firm said the move will help position Town Residential as a brokerage for high-end sales and will help attract brokers. The new outpost will be the first brokerage of its kind to feature an outdoor space for brokers to meet with clients. Joining Town Residential in its new office will be another boutique firm Thomas and Ingram that has its focus on the West Village area. Meanwhile, Mr. Heiberger would himself be relocating to a new smaller office at 45 Horatio St. in West Village.

Sitting at the entrance to High Line, the new office is of great significance due to its emerging residential neighborhoods which continue to grow at a significant pace with new condo buildings and commercial complexes springing in the area. Apart from the Meatpacking District, Town Residential has opened up offices in other high profile locations as well which include its headquarters at 33 Irving Place, east of Union Square and at 530 Laguardia Place in Greenwich Village.

The deals were not made public by Mr. Heiberger but as per estimates the prices in the area are well beyond $90 per square foot. The building’s landlord is Thor Equities, which also happens to be Town’s Residential parent investor and is one of the largest owners of retail space in the city.

About Town Residential

Started in the year 2010, Town Residential has established itself as a premium boutique brokerage firm in the city. The firm was founded by Andre Heiberger who now sits as its current CEO. In a recent poll undertaken by Crain’s, the firm also emerged as one of the Top 50 Best Places to Work in New York City.

Town City was recently in the news for acquiring the boutique firm Thomas and Ingram, whose focus is the area of West Village. The firm would be moving along with Town Residential to their new office in the Meatpacking District.

 

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