With COVID’s deadly second surge prompting extra questions than ever about the way forward for the office, it is instructive to notice the tempo of recent workplace constructing development has by no means faltered all through the well being and financial disaster. Nowhere is that extra evident than in New York Metropolis, the place from Midtown to Hudson Yards, Hudson Sq. and the Decrease East Facet, development staff have continued to construct workplace buildings, COVID or no.
Frequent to the brand new workplaces below development are pandemic-era touches, together with completely custom-made and versatile HVAC techniques, vacation spot dispatch elevation, no-touch know-how and different well being and security options supposed to supply a way of safety. As nicely, many of those complexes’ settings enchantment to people who can stroll or bike in from the identical or close by enclaves. All extras are supposed to make tenants and workplace workers extra comfy with returns to the workplace.
“There is no such thing as a query the workplace market is difficult proper now,” says Matthew Weir, senior vice chairman, business asset administration with Taconic Companions, among the many builders of the two-building Decrease East Facet growth Essex Crossing.
“The pandemic has shifted tenants’ views, priorities and requirements. It’s going to be necessary for landlords to adapt to, and embrace, change and innovation. Workplace tenants’ pre-COVID choice for big, social experiences have shifted towards extra unique environments as employers concentrate on well being and security. As well as, live-work-play neighborhoods, which have all the time appealed to tenants, have taken on a distinct context amid the pandemic, with some seeking to keep away from mass transit.”
Totally different submarkets
Among the many new workplace buildings is Two Manhattan West, Brookfield’s new 2-million-square-foot workplace growth, with Cravath the anchor tenant. It is a part of the 7-milllion-square-foot, master-planned growth within the new Hudson Yards district.
One other instance is 660 Fifth Avenue, additionally from Brookfield. A 1.4-million-square-foot workplace redevelopment within the Plaza District, it’s the most important redevelopment on Fifth Avenue to be undertaken this century. In a nod to pandemic-era sensibilities, tenants can select between DX items and DOAS techniques.
One more is 550 Washington Avenue, an Oxford Properties 1.3-million-square-foot workplace constructing that includes re-developed flooring on the base, topped by new development. Located within the Hudson Sq. submarket that includes dramatic Hudson River views, the constructing was leased in its entirety final yr by Google as a part of its mushrooming West Facet campus.
Among the many most high-profile workplace developments and, given COVID’s challenges, most nimble, is Essex Crossing. Positioned within the coronary heart of the Decrease East Facet, one in all New York Metropolis’s most fabled and distinctive enclaves, Essex Crossing is a completely self-contained 1.9-million-square-foot campus offering the sort of distinctive and adaptable area many specialists consider will probably be extremely sought throughout and after COVID-19. The workplaces function sprawling floorplates, outside terraces, open inexperienced area and direct strolling and/or biking entry to and from a few of New York Metropolis’s hottest Millennial neighborhoods.
The expansive ground plates prolong from 35,000 to 52,000 sq. ft in measurement, permitting flexibility and customization. A low-rise five-story constructing options personal lobbies and elevator banks to allow most management of the surroundings.
State-of-the-art, tenant-controlled HVAC techniques can accommodate use of ultraviolet gentle to thwart coil-borne and/or airborne mildew, micro organism and germs. Upgraded cleansing specs guarantee workplaces are maintained to the very best cleanliness requirements.
In-office bike storage with showers and lockers and direct entry to 13 on-campus Citibike stations will let workplace staff bike in 5 minutes from East Village, Nolita, Solo, Noho and Chinatown, eight minutes from Greenwich Village, Hudson Sq. and Tribeca and 11 minutes from such Brooklyn nooks as Dumbo and Williamsburg.
“The New York Metropolis workplace market is definitely evolving,” Weir says. “The Essex Crossing Places of work are a main alternative for corporations to create their new workplace norm, to proceed to draw and retain the suitable expertise.”