The 1927 warehouse at 455 Jefferson Street near Montana’s Trail House and Nooklyn is about to experience a major reincarnation into a “creative office building to serve the growing technology, advertising, media and information technology tenancy.”
Dallas and Boston-based development firms, Lincoln Property and Alcion Ventures have recently closed on the six-story, 125,000 square foot building, which was originally the headquarters for Ehlers Coffee and most recently an office furniture warehouse.
The developers dubbed the building “The Jefferson,” which kinda makes us sigh of boredom a little. Naming buildings “The Name of the Street” or “The Something” has been way too popular lately (just think of The BogArt, The Common, The Bedford, etc). Is “The Name of Street” for building, what “Something.ly” was for startups just a couple of short months ago?
Anyhow, The Jefferson is determined to serve growing tech and startup industry in New York. “Bushwick […] is a vibrant area filled with new bars, restaurants, cafes, live music venues and world renowned street art. The New York tech industry is still in its first phase and will continue to grow. Given that many TAMI professionals now live in Brooklyn, managers will have a competitive advantage in attracting sought after employees by offering the convenience of working near their homes versus commuting to Manhattan,” explained Jim Stein, Senior Vice President of Lincoln’s New York office.
According to the developers’ press release, Bushwick is the most recent urban scene to experience such a renaissance following the successful transformations of Williamsburg, DUMBO, and Gowanus — in case you were still living in denial. The only thing that’s missing is plentitude of “creative office space,” which in Brooklyn is estimated to have office vacancy of less than 3.5%.
Furthermore, the developers quoted $10 to $15 per square foot rent for tenants eligible through programs like the Relocation and Employment Assistance Program.
The renovation will include all new mechanical systems, windows, elevators, lobby, bathrooms and retail. The architect for the project is Thomas Leeser.
Here are some renderings to give you an idea on what to expect:
