The Carlyle Grp. and SITT Asset Mgmt. complete 56,000 s/f redev.

According to the 414 West 14th Street Owners, a partnership between The Carlyle Group and SITT Asset Management, the redevelopment of 414 West 14th St. has been completed. PBS Real Estate has been named the exclusive leasing agent to market commercial space at this Meatpacking District location. The 56,000 s/f six-floor building is comprised of retail and commercial space, which is uniquely housed within the building's historic facade. All floors, ground through 6th floor, are available for immediate occupancy in the spring of 2009, boasting a range of modern and sophisticated amenities. Designed specifically for corporate functions and exclusive to 6th floor tenants is an expansive rooftop terrace with exquisite views. "We are pleased to make available 414 West 14th Street, one of the only completed retail and commercial buildings in the Meatpacking District," said Jack Sitt, managing partner of SITT Asset Management. "This iconic building boasts state-of-the art amenities and features rarely found in this historic district, making it particularly attractive to creative companies and their clients." "Over the past few years, the Meatpacking District has transformed into a premier destination for media, financial, hi-tech, and creative firms, as well as contemporary designers," said Laura Pomerantz, principal at PBS Real Estate. "The building is within arms reach of many key corporate and cultural attractions, such as the new Standard Hotel, Apple Store, Google corporate headquarters, the High Line and the future Whitney Museum site."