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 latest 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 Aspect, development employees have continued to construct workplace buildings, COVID or no.
Frequent to the brand new places of work underneath development are pandemic-era touches, together with completely custom-made and versatile HVAC programs, vacation spot dispatch elevation, no-touch expertise and different well being and security options supposed to offer a way of safety. As nicely, many of those complexes’ settings attraction to people who can stroll or bike in from the identical or close by enclaves. All extras are supposed to make tenants and workplace employees extra comfy with returns to the workplace.
“There isn’t any 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 Aspect growth Essex Crossing.
“The pandemic has shifted tenants’ views, priorities and requirements. It’s going to be essential for landlords to adapt to, and embrace, change and innovation. Workplace tenants’ pre-COVID desire 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 at all times appealed to tenants, have taken on a unique 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 vital redevelopment on Fifth Avenue to be undertaken this century. In a nod to pandemic-era sensibilities, tenants can select between DX models and DOAS programs.
Yet one more is 550 Washington Road, 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 12 months by Google as a part of its mushrooming West Aspect campus.
Among the many most high-profile workplace developments and, given COVID’s challenges, most nimble, is Essex Crossing. Situated within the coronary heart of the Decrease East Aspect, one among New York Metropolis’s most fabled and distinctive enclaves, Essex Crossing is a wholly self-contained 1.9-million-square-foot campus offering the sort of distinctive and adaptable house many specialists consider might be extremely sought throughout and after COVID-19. The places of work characteristic sprawling floorplates, outside terraces, open inexperienced house and direct strolling and/or biking entry to and from a few of New York Metropolis’s hottest Millennial neighborhoods.
The expansive flooring plates lengthen from 35,000 to 52,000 sq. toes in measurement, permitting flexibility and customization. A low-rise five-story constructing options personal lobbies and elevator banks to allow most management of the setting.
State-of-the-art, tenant-controlled HVAC programs can accommodate use of ultraviolet mild to thwart coil-borne and/or airborne mildew, micro organism and germs. Upgraded cleansing specs guarantee places of work 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 employees 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 actually evolving,” Weir says. “The Essex Crossing Workplaces are a chief alternative for corporations to create their new workplace norm, to proceed to draw and retain the correct expertise.”