The mixed-use tower at 125 West 57th Street, located on Billionaires’ Row, is continuing to attract tenants as it approaches its completion. The project, developed by Alchemy-ABR Investment Partners and Cain International, has recently secured agreements with two investment firms, expanding its tenant roster.
Jadian Capital has leased 10,280 square feet on the 20th floor, while Kingdon Capital Management will occupy 10,290 square feet on the 23rd floor. Both firms were represented in their respective leases by commercial real estate firms—Newmark for Jadian and CBRE for Kingdon.
These leases follow a prior agreement with AdaptHealth, a medical equipment company, and reflect the building’s promise of 185,000 square feet allocated for office space alongside an amenities floor for tenants. Additionally, the tower will house Calvary Baptist Church, further diversifying its use.
The architecturally striking 30-story structure continues to establish itself in one of New York City’s most prestigious neighborhoods, catering to various sectors, including finance and healthcare.
Why this story matters
- The development enhances the appeal of Billionaires’ Row and promotes economic activity in the area.
Key takeaway
- The leasing activity at 125 West 57th Street highlights the growing demand for mixed-use spaces in urban centers.
Opposing viewpoint
- Critics may argue that the influx of high-end developments could exacerbate issues of affordability and gentrification in surrounding neighborhoods.
