Renovation program launched at Brooklyn's 180 Livingston St.
The TreeLine Companies, the new owner of 180 Livingston St., has launched an extensive renovation and modernization program that will transform what was originally a major warehouse facility for A & S Department Stores into a magnificent 270,000-SF first class office building with units as small as 4,500 SF all the way up to full floors of 41,000 SF.
According to TreeLine president Frances Schor, the $6 million upgrading, which is expected to be completed by late Spring 2002, will create a distinctive new entranceway and lobby for 180 Livingston St. as well as new passenger elevators, new bathrooms and, perhaps most important, the latest state of the art technology and telecommunications systems for incoming tenants.
In addition to attractive rents in the $22.50 to $28.50 range, Schor noted that tenants at 180 Livingston may also qualify for New York City Expansion Program Incentives, which could result in additional cost savings.
"This may easily end up as the best office value in all of New York City," asserted Robert Hebron, of Ingram & Hebron Realty, the Brooklyn Heights brokerage that's acting as exclusive leasing agent for the six-story property. He noted that the building's entire ground floor has been leased and will feature a full service restaurant named Churchill's.
Strategically located in the resurging Livingston corridor of Downtown Brooklyn -- just steps from Macy's Department Store, the Fulton Street Mall, and fine restaurants, and just ten minutes from Manhattan via 14 different subway lines all within a one to three-block radius -- 180 Livingston St. has a rich history.
After A & S departed, it served Macy's in the same capacity before being converted to office use as the longtime headquarters of the city's Workman's Compensation Board. The building stood vacant for several months before TreeLine Companies acquired it from Federated Department Stores late last year.
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|Title Annotation:||TreeLine Companies creates affordable office space|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Jan 30, 2002|
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