The Meatpacking District-based offices mark Town Residential’s 10th outpost in Manhattan, New York since its inception. Town attained this office space after three years of being in operation. By locating the office in the Meatpacking District, Town was able to gain access to a considerable number of neighborhoods aligned along the Hudson down to the TriBeCa area.
Town scooped the 15-year lease deal for the second-floor space thanks to its parent investor, Thor Equities. This was because Thor Equities, a landlord and owner of retail space in New York, served as the landlord of the 446W.14th St. building. Consequently, Town emerged as the lucky candidate for the deal amongst other tenants. At the time of making the deal, the building not only offered 16- foot ceilings but also a 7,100-square-foot space. Further, a private roof deck also accompanied the three-story building. The private roof deck highlights the flair depicted by Heiberger in creating the Town brand.
Before acquiring the new space, Town had managed to open other offices in high-profile areas including the 33 Irving Place in New York as well as 530 LaGuardia Place based in Greenwich Village. Town also absorbed Thomas & Ingram, a boutique brokerage company focusing sales deals in the West Village. Thomas & Ingram was intended to be part of the occupants of the second-floor space. Additionally, Town’s smaller office that was previously located at 45 Horatio St. was also part of the planned occupants of the new office space.
An Insightful Look at Town Residential
Town Residential has managed to cut a niche for itself in New York’s diverse real estate market as a brokerage firm for luxury residential real estate properties. Since Andrew Heiberger established it in 2010, Town Residential has displayed a continuous growth trend in its operations. Serving as the firm’s co-chairman of the board and chief executive officer, Andrew Heiberger is credited for assisting the firm in establishing a long-term vision and business strategy. Through his able leadership, he has steered Town into attaining a team of more than 500 licensed industry-leading professionals and representatives. The professionals operate from over seven strategically based neighborhood offices located in the New York area.
Town Residential has also positioned itself among global luxurious brands as well as taking part in the celebrations of New York’s history. The firm boasts of an approach that is both comprehensive, yet simple. It has also devoted equal resources and value to rentals, sales and new development marketing in its endeavor to be a market leader in all the three fields. Further, Town intends to continue pursuing its mission to become a vital part of New York’s real estate market by leveraging the expertise and experience of its executive and founding team members.