KPG Funds' 446 Broadway "L'Atelier" Office Building Nationally Awarded for Bringing Signature Design & Tech Flair to SOHO
KPG Funds' 446 Broadway, "L'Atelier" office building was awarded "Best Office Development" by Commercial Property Executive's CPE Influence Awards 2022.
Gold, Silver, and Bronze accolades were awarded to top developments, investments, business strategies and people in 11 different categories. "We are honored to accept this award and the confirmation that what KPG Funds created was a very special office building that stands out as an example of what today's offices need to look like to attract tenants," said Greg Kraut, co-founder and CEO at KPG Funds.
FILM PRODUCTION COMPANY CABIN EDITING TAKES 8K SF AT 446 BROADWAY
Santa Monica-based Cabin Editing Company is opening its first New York office in SoHo. The post-production video editing firm signed a 7,463-square-foot lease for the top floor of the five-story L’Atelier, a boutique office property owned and redeveloped by KPG Funds, located at 446 Broadway. Sources told Commercial Observer that pricing for the 10-year deal was near the asking rent of $120 per square foot.
KPG FUNDS ANNOUNCES GRAND OPENING OF L'ATELIER AT 446 BROADWAY
KPG Funds is proud to show you the newest building and the Grand Opening of L’Atelier at 446 Broadway. SOHO is for all types of businesses and the most desired neighborhoods in the world to work – conveniently located steps away from all transit. An Openpath Mobile Access Control System features a front door card reader which you access from your smart phone to automatically open the door, the elevator floor-by-floor, and stair tower control readers for safe and secure access.
A NYC FIRST! YOU WONT BELIEVE WHAT THE NEXT BIG THING IS AT KPG FUNDS
NYC’s First Life-Sized Building Rendering Scaffolding Net Being Debuted at 446 Broadway L’Atelier in Soho. New "Safe and Sexy" Office Building Wrap Enhances Pedestrian and Community Experience During Renovation of Architecturally Significant, Historic Building.
Real estate investment firm KPG Funds today unveiled a new, design-forward technique for protecting pedestrians on urban sidewalks during periods of building construction. At L’Atelier at 446 Broadway, the company’s five-story boutique office and retail building in Manhattan’s SoHo neighborhood, KPG has partnered with Urban Umbrella to design and deploy New York City’s first silkscreen building depiction featuring an architecturally accurate rendering printed within its mesh netting
THE DOMINO X AMAZON HOLIDAY HOME ON 446 BROADWAY WILL BE OPEN FROM DEC 1 – 24
Calling all design fans: The Domino holiday pop-up shop is back, and this time, it’s bigger than ever. This year, we’ve partnered up with Amazon Home to curate the ultimate gifts of the season. Featuring an array of inspired pieces, you’ll have the opportunity to shop items handpicked by Domino editors, leading interior designers, and creatives.
Situated in the heart of SoHo, New York, the brick-and-mortar store is filled with an array of immersive experiences. Shoppers will be able to scan and purchase products using the Amazon App, which will then be delivered to their doorstep. Yes, it doesn’t get easier than that.
The Kid Zone boasts a drawable Formica surface, which will allow little ones to unleash their creative side while you browse for gifts. Then, take a break from shopping and relax on the Tuft & Needle daybed or head to the back of the shop, where you’ll find an Instagrammable moment featuring a customizable color background that’s voice-activated by Alexa.
Last but not least, explore our impressive edit of the best that Amazon Home has to offer and find a little something for everyone on your list. Because there’s no better way to get in the holiday spirit than by showering your loved ones with the thoughtful gifts they deserve.
The Domino x Amazon Home Holiday Home is located on 446 Broadway, New York, and will be open from December 1 to December 24.
Source: https://www.domino.com/content/domino-amazon-holiday-home-pop-up-nyc/
K PROPERTY GROUP CLOSES $47M PURCHASE OF SOHO MIXED-USE BUILDING
Real estate investment firm K Property Group has purchased a Soho building for $46.8 million with plans to renovate it into a “high-end” office and retail building, according to an email about the sale from the buyer.
K Property Group purchased the five-story 446 Broadway between Grand and Howard Streets from Wah Kwan earlier this month, K Property’s Gregory Kraut told Commercial Observer.
“This is now a premium office and retail location in New York’s hippest neighborhood of Soho,” Kraut said in prepared remarks. “Everything we’ve planned for the building is in line with the new look and feel of the area, while interiors will be transformed into a high-end bespoke product that complements the rapidly changing landscape of lower Soho high-fashion brands that thrive on the street.”
Henri Kessler, Robert Aaron, Matt Fotis and Nelson Lee of Marcus & Millichap handled the sale for both sides. Kwan could not immediately be reached for comment.
“[It was Kwan’s] first and only asset in America and he’s been looking to trade it for a little while,” Nelson Lee, a broker on Marcus & Millichap’s global investment team, told CO. “He didn’t want to put any more money into it, he doesn’t really understand the New York market.
There was a significant amount of interest,” Lee added. “We were able to trade it for one of the highest prices in Soho in recent years.”
Kwan first put the vacant office and retail building up for sale in September 2017 for $58 million—two months before J.C. Penney opened a Jacques Penné pop-up store, as CO reported—and K Property Group went into contract to buy it this May, according to The Real Deal.
K Property plans to renovate the building to include 26,000 square feet of “luxury” office space on the second to fifth floors. The fifth-floor office will also have roof access and several large skylights. The renovated building will also have retail in 5,250 square feet on the ground floor and 5,500 square feet on the lower level, according to K Property.
K Property was started in 2017 by Kraut and Rod Kritsberg. It has focused on buying smaller commercial buildings around Manhattan including 30-32 Howard Street in Soho, Sunshine Cinema at 141 East Houston Street on the Lower East Side and 211 East 43rd Street in Midtown, as CO previously reported.