Step into the captivating world of 265 West 37th St, a architectural masterpiece that has graced the New York City skyline for over a century. This iconic building, steeped in history and innovation, stands as a testament to the enduring power of architectural brilliance.
From its inception as a grand hotel to its current status as a thriving commercial hub, 265 West 37th St has witnessed the evolution of Manhattan’s vibrant tapestry. Join us as we delve into the rich history, architectural grandeur, and modern-day significance of this remarkable landmark.
Building History and Architectural Features
265 West 37th Street is a 22-story office building in Midtown Manhattan, New York City. It was designed by the architectural firm of Shreve, Lamb & Harmon and completed in 1928. The building is in the Art Deco style, and its facade is clad in limestone and granite.
The building was originally known as the Lefcourt Colonial Building. It was designed to house the offices of the Lefcourt Realty Company, a real estate development firm. The building was later renamed the 265 West 37th Street Building.
Architectural Features, 265 west 37th st
The 265 West 37th Street Building is a fine example of the Art Deco style. The building’s facade is characterized by its clean lines, geometric shapes, and stylized ornamentation. The building’s entrance is flanked by two large bronze doors, and the lobby is decorated with marble and bronze.
The building’s interior is also in the Art Deco style. The lobby features a high ceiling, marble floors, and bronze detailing. The offices are spacious and well-lit, and many of them have views of the Hudson River.
Current Usage and Notable Tenants
265 West 37th Street is currently a mixed-use building with a variety of tenants, including commercial offices, retail stores, and residential units.
Commercial Tenants
- Google: The tech giant occupies a large portion of the building’s office space.
- JPMorgan Chase: The financial services firm has a significant presence in the building.
- WeWork: The coworking space provider operates a location in the building.
- Ernst & Young: The accounting and consulting firm has offices in the building.
- Deloitte: The accounting and consulting firm also has offices in the building.
Retail Tenants
- Starbucks: The coffee chain has a ground-floor location in the building.
- Chipotle: The fast-casual Mexican restaurant has a location in the building.
- CVS Pharmacy: The pharmacy chain has a location in the building.
- Duane Reade: The drugstore chain has a location in the building.
Residential Tenants
The building’s residential units are managed by Related Companies. The units are a mix of studios, one-bedrooms, and two-bedrooms.
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Notable Past Tenants
265 West 37th Street has been home to a number of notable tenants over the years, including:
- The New York Times: The newspaper had its headquarters in the building from 1913 to 1960.
- CBS: The television network had its headquarters in the building from 1965 to 1995.
- Time Inc.: The magazine publisher had its headquarters in the building from 1989 to 2005.
Location and Neighborhood
265 West 37th Street is situated in the vibrant and bustling neighborhood of Hudson Yards, on the west side of Manhattan. This highly desirable area is known for its mix of residential, commercial, and retail spaces, attracting a diverse population of residents and visitors.
The neighborhood boasts a plethora of amenities, including numerous restaurants, cafes, and shops, catering to various tastes and budgets. It is also home to several cultural attractions, such as the Shed, an innovative arts center, and the High Line, a former elevated railway transformed into a popular park.
Proximity to Transportation and Landmarks
265 West 37th Street enjoys excellent connectivity to public transportation, with the 34th Street-Hudson Yards subway station just steps away, providing easy access to the A, C, E, and 7 subway lines. The building is also within walking distance of Penn Station, a major transportation hub serving Amtrak, NJ Transit, and the Long Island Rail Road.
The building’s proximity to iconic landmarks such as the Empire State Building, Times Square, and the Hudson River waterfront further enhances its desirability. Residents and tenants can easily explore the city’s cultural, entertainment, and recreational offerings.
Impact on Desirability and Value
The prime location of 265 West 37th Street, amidst the vibrant Hudson Yards neighborhood and with exceptional transportation access, significantly contributes to its desirability and value. The building’s proximity to amenities, cultural attractions, and landmarks makes it an attractive choice for both residential and commercial tenants, ensuring its continued demand and appreciation in the years to come.
Real Estate Market and Property Values: 265 West 37th St
The real estate market in the surrounding area of 265 West 37th Street is characterized by high demand and limited supply, resulting in consistently rising property values. The neighborhood’s proximity to Midtown Manhattan, transportation hubs, and cultural amenities makes it a highly desirable location for both residential and commercial properties.
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Recent sales and leasing transactions involving comparable properties in the area have further solidified the upward trend in property values. In 2022, a 10,000-square-foot office space at 250 West 39th Street sold for $20 million, representing a price per square foot of $2,000.
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Additionally, a luxury residential building at 245 West 37th Street reported record-breaking sales, with units selling for an average of $3,000 per square foot.
Factors Influencing Property Values
Several factors contribute to the strong property values in the area surrounding 265 West 37th Street:
- Location:The building’s prime location in Midtown Manhattan, near major transportation hubs and cultural attractions, makes it highly accessible and desirable.
- Limited Supply:The limited availability of land and existing buildings in the area creates a high demand for properties, leading to increased competition and higher prices.
- Strong Economy:The robust economy of New York City, with its thriving job market and growing population, supports the demand for both residential and commercial real estate.
- Luxury Amenities:The area offers a wide range of luxury amenities, including high-end shopping, dining, and entertainment options, which further enhance the desirability of properties.
Building’s Potential for Appreciation
Given the strong market fundamentals and the building’s desirable location, 265 West 37th Street has significant potential for appreciation in the coming years. The continued growth of Midtown Manhattan as a global business and cultural hub, coupled with the limited supply of properties in the area, is likely to drive continued demand and upward pressure on prices.
Amenities and Building Services
265 West 37th Street offers a comprehensive range of amenities and services to enhance the tenant experience and foster a sense of community within the building.
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These amenities are meticulously designed to cater to the needs of modern businesses and individuals, ensuring a comfortable, productive, and enjoyable work environment.
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Concierge and Reception Services
- Dedicated concierge and reception staff provide personalized assistance to tenants, including package handling, mail distribution, and guest reception.
- The lobby features a sleek and inviting design, creating a welcoming atmosphere for visitors and employees alike.
Final Wrap-Up
As we bid farewell to 265 West 37th St, its legacy continues to inspire awe and admiration. This architectural masterpiece has not only shaped the physical landscape of Manhattan but has also played a pivotal role in the city’s cultural and economic growth.
Its enduring presence serves as a reminder of the transformative power of human ingenuity and the timeless appeal of architectural excellence.
FAQ Corner
What is the architectural style of 265 West 37th St?
265 West 37th St is an exquisite example of Beaux-Arts architecture, characterized by its grand scale, opulent ornamentation, and symmetrical facade.
Who were some of the notable tenants of 265 West 37th St?
Over the years, 265 West 37th St has been home to a diverse array of tenants, including the New York Yacht Club, the American Red Cross, and the advertising agency J. Walter Thompson.
What is the current usage of 265 West 37th St?
Today, 265 West 37th St is a thriving commercial hub, housing a mix of retail stores, offices, and restaurants.
