L&L Holding Company, in a joint venture partnership with Normandy Real Estate Partners and an institutional investor advised by J.P. Morgan Asset Management, is transforming the historic, former warehouse complex located at 261 11th Avenue into a cutting-edge office and retail destination. The partnership will convert approximately 500,000 square feet of self-storage space to Class A office use. The partnership will also add modern touches throughout the property while preserving the integrity of the original structure. The redevelopment builds upon both L&L and Normandy’s extensive expertise in undertaking transformations of Manhattan properties.
Constructed in 1891, Terminal Stores originally served the railroad lines that dominated the middle Hudson River waterfront.