Rockrose to build Manhattan's first planned telecom facility.

Rockrose Development Corporation has started to build the first speculative telecom facility at 660 12th Avenue in Manhattan. Construction has begun on an eight-story, 700,000 SF building designed for the telecommunications industry from facade to infrastructure and from below grade to roof.

"Our building signifies a revolution," said Patricia Dunphy, vice president with Rockrose Development Corp. "Until now, t e only option telecom tenants have had for space in Manhattan was retrofitted manufacturing buildings. Our building is the only one specifically designed and constructed for the unique needs of telecom tenants. 660 12th Avenue offers very large floor plates, consisting of two 90,000 SF floors, three 65,000 square-foot-floors and a 60,000-square foot penthouse. We are offering the telecom tenant everything it requires to run its operation at peak efficiency."

"We're very excited about this project," said H. Henry Elghanayan, Chief Executive Officer of Rockrose Development Corporation. "Telecom companies will continue to require expanded resources and power capabilities and our 660 12th Avenue building answers that need."

Already signed on at the building is Federal Ex press. A 260,000 SF distribution center will be constructed from the building's basement through the second floor of 60 12th Avenue for the pack age delivery company. In addition to Jeffrey Bernstein on Insignia/ESG's telecom brokerage team is Gary Kamentsky and Rob Myers. Einhorn, Yaffe, Prescott, the leading telecom engineering firm, is the telecom consultant to the project.