Quantbot Technologies, which designs, develops and deploys complex quantitative investment strategies globally, is relocating its offices nearby its current digs at theChanin Building at 122 East 42nd Street, Commercial Observer has learned. Last Friday, Quantbot signed a five-year lease for the entire ninth floor at 369 Lexington Avenue near East 41st Street, according to Benjamin Stavrach ofTriangle Assets, the in-house broker for the landlord. The space is 6,134 square fee
At one point in the early-20th century, almost a third of Dumbo belonged to the Arbuckle Brothers Company, the country’s largest coffee company and a major purveyor of coffee and sugar. This building was part of their controversial sugar refinery. Name: Former Arbuckle Brothers Sugar Refinery, now being rehabbed for office space.
Address: 10-18 Jay Street
Cross Streets: Corner of John and Pearl streets
Year Built: 1897-98
Architectural Style: American
Earlier this year, Glacier Global Partners received approval from the LPC to convert the 10-story former warehouse at 10 Jay Street, in Dumbo, into a 46 condominiums, but now the developer is planning a completely commercial building, with roughly 200,000 square feet of offices and retail spaces. The conversion will retain the approved exterior changes, which had been designed by ODA Architecture. CBRE is marketing the commercial spaces, according to The Real Deal.
Plans have changed for the redevelopment of a late-19th-century warehouse on the Dumbo waterfront. Last March, Curbed reported that the development would feature ground-floor retail topped with 46 condos, ranging from two- to five-bedroom units. Now, developer Glacial Global Partners plans on offering 200,000 square feet of office and retail space instead, while the exterior redevelopment—which was approved by the Landmarks Preservation Commission—will still occur. Brownston
The developer behind the condo conversion of Dumbo’s 10 Jay Street has decided to scrap the plans in favor of keeping the warehouse as a commercial property, citing rising demand in the Brooklyn office market. In March, Glacier Global Partners received approval from the Landmarks Preservation Commission to sheath the 10-story warehouse along the East River with an ODA New York-designed crystalized façade. The development firm is keeping the aesthetics, but instead of convert