Just a few months after an ownership change, a block-long mixed-use property just a stone’s throw from the Hudson River will be re-designed into a tech, healthcare, and medical facility by a Boston-based firm.
Last month, we reported that Thor Equities Group purchased an eight-story building at 85 Greene Street for $94.5 million. The 350,000-square-foot facility has a long history; it originally served as a manufacturing facility for Colgate Palmolive when the company was headquartered in Jersey City.
The property was re-branded as Liberty Innovation Centre back in 2018 by previous owner SJP Properties and the ground floor includes Honshu Sushi. Much of the rest of the building is available for lease and Thor has brought in SGA, short for Spagnolo Group Architecture, to serve as lead architect on the property’s overhaul.
“We’re very excited to work with the Thor Equities team in redesigning 95 Greene Street into a vibrant place-to-be for life sciences tenants,” says Brooks Slocum, AIA, New York Studio Manager at SGA. “It is an ideal location for tenants who want to stay in the highly sought-after New York/New Jersey metropolitan area, and we look forward to bringing Thor’s vision for a state-of-the-art property to life.”
When completed, the building will be billed as a “lab ready” facility suited for life sciences, pharmaceutical, green tech, ag-tech, healthcare, and medical tenants. Thor Chief Operating Officer Melissa Gliatta said the firm is “thrilled” to add the building to the platform and is looking “forward to expanding our presence in markets around the globe.”
Details about the re-design are scarce, but Thor announced that 95 Greene Street will feature an enlarged core to provide generous mechanical shaft space and a high-speed service elevator that links laboratories to an enclosed ground floor. A rooftop mechanical level will provide all new services to the entire building.
Thor says these features will create “an innovation ecosystem that provides state-of-the-art facilities faster than anywhere else in the Tri-State area.” A timeline for the overhaul of 95 Greene Street hasn’t been released.