The real estate company known as Town Residential has recently expanded its offices to the meatpacking district on the 10th Manhattan outpost. Within three years, the company has completed a considerable amount of expansion which will help it cover more areas in the local market. With this new location, Town Residential will have easier access to some of the most significant residential neighborhoods along the Hudson River. As part of the expansion, Town has signed a 15 year lease to get the entire 2nd floor of 446 W 14th Street. The recent expansion has enabled the company to help accommodate more clients and grow its business in the near future.
With the new office space, Town Residential is now able to occupy one of the most appealing offices in the entire city. Its office has 16 foot ceilings and access to a private roof deck which will create a very favorable image for the firm. Using this space will also allow Town to present an image as a company that specializes in high end real estate sales. Along with appealing to clients, the office is also intended to appeal to a number of brokers as well. With both an indoor and outdoor space to operate in, Town Residential is able to provide both agents and clients with a very desirable business environment.
As part of this recent expansion, Town Residential has looked to occupy one of the hottest and fastest growing neighborhoods in New York City. With his location, Town Residential has a great opportunity to take advantage of a number of new opportunities for growth and prosperity for the firm. Since the meatpacking district is expanding with new condos and retail spaces, Town will be in position to sell and lease these properties to their clients. The neighborhood has recently had values increase to $90 per square foot. As a result, Town will be in position to offer some of the most valuable real estate in the city as well.
The new office in the 10th outpost is not the only part of Town Residentials’ expansion. It has recently opened up office locations in 33 Irving Place near Union Square and also at 530 LaGuardia Place in Greenwich Village. By expanding to three new office locations, Town Residential is in position to experience a considerable amount of growth in the near future. With locations in some of the most centralized fastest growing neighborhoods, Town Residential will allow itself to get more clients as well as promote some of the most valuable properties in the city. Since founder and CEO of Town Residential Andrew Heiberger has a favorable relationship with Thor Equities, his firm has been able to easily secure this new office space.