Jan 14 2022

SOM’s 28&7 Stands Completed at 322-326 Seventh Avenue in Chelsea, Manhattan

Construction is complete on 28&7, a 12-story office building at 322-326 Seventh Avenue in Chelsea. Designed by Skidmore, Owings & Merrill and developed by Corem and GDSNY, the reinforced concrete superstructure yields 105,000 square feet of office space marketed by CBRE. Triton Construction was the general contractor for the project, which is located at the corner of West 28th Street and Seventh Avenue, directly above the 28th Street subway station, servicing the local 1 train. The developers are aiming for LEED Gold and WELL certifications.

Recent photos show the finished look of the glass and terra cotta exterior. Since our last update in October, all of the sidewalk barriers, metal fencing, and remaining equipment have been removed from around the ground floor, and the property’s logo has been installed in front of the fluted terracotta paneling next to the main entrance on 28th Street. Interior work should be nearing completion shortly as well.

n recent news, Corem of Sweden and GDSNY announced the signing of a full-floor lease at 28&7 by a private commercial real estate investment manager with approximately $1 billion of assets under management. The tenant is planning to move into the building later this summer. GDSNY and Corem were represented by Paul Amrich and Neil King of CBRE. Daniel Levine of Newmark represented the tenant.

“We are very pleased to announce the full-floor lease at 28&7,” said Jens Andersson, Corem’s head of finance and US operations. “We continue to see a strong recovery for new premium office buildings in New York.”

“Quality is king in this market,” said Paul Amrich of CBRE. “28&7 is beautifully designed and impeccably built and sets a new high standard in the New York boutique office market. The tenant clearly values the quality and special opportunity that 28&7 offers its employees and guests.”