Avison Young news: Find out the latest industry happenings
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young awarded leasing agency for 500 West 181st Street in Washington HeightsSeptember 7, 2022
Newly developed and first-of-its-kind, the Radio Tower building infuses local flavor and community spirit to create the latest sought-after destination in Upper Manhattan
NEW YORK, NY –Avison Young announces today that it has been awarded the leasing agency for 167,000-square-feet (sf) of office space in a newly developed, mixed-use tower on behalf of YOUNGWOO & ASSOCIATES (YWA). The 305,000-sf commercial building in Washington Heights, branded Radio Tower, features office space with floor plates ranging from 7,000-12,000 sf, a new hotel, retail podium, and event space, as well as access to outdoor courtyards and terraces.
The Avison Young team will be spearheaded by Martin Cottingham, Principal, and will include Arthur Mirante, formerly of Avison Young, in an advisory capacity. Founded in 1979, Manhattan-based YWA has proven success in pioneering emerging markets, implementing bold initiatives with new technology and developmental strategies, and recognizing shifting real estate trends.
“Properties like Radio Tower don’t come along every day, and to see how the community has already embraced the development has shown us that YWA has once again delivered on their vision for the community,” said Cottingham. “This is a great opportunity for tenants to have immediate access to talent in Manhattan, Bronx, and New Jersey and by embracing the heritage of Washington Heights, will establish a new destination not only for the neighborhood, but for the surrounding metro area.”
The stacked, multi-colored building replaced a gas station at the corner of bustling 181st Street and Amsterdam Avenue and brings many new firsts for the neighborhood. It will be the first, class A office/mixed-use building constructed in the neighborhood, will bring 5G connectivity to the area, and has brought over 200 new luxury hotel rooms to the area. Neighborhood assets like Highbridge Park, Fort Tryon Park, George Washington Bridge, Port Authority of New York and New Jersey Bus Terminal, and Interstate 95 are all within walking distance.
Additionally, the new destination restaurant, Jalao NYC, in the building’s ground floor and private courtyard offers Dominican Republic-based fare in a vibrant, fine-dining setting. The building also offers exclusive views of Manhattan, Queens, Bronx, and New Jersey from its multiple event spaces and rooftop terraces for both office and hotel users.
“We’re beyond excited at how Washington Heights is positioned to grow into the future, and we hope that Radio Tower is only the beginning,” said Bryan Woo, Executive Vice President. “Partnering with Avison Young will give us the reach and accessibility to a diverse range of tenant prospects that will help usher in this transformation and establish a new center of commerce for the neighborhood of Washington Heights.”
The building will officially open on September 21st and will be celebrated by a gala event with Dominican, Puerto Rican, and LatinX artists amongst others, providing entertainment.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2022 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 11 consecutive years.
For more information:
- Download property photos here.
- Nathan Reyna, Regional Media Relations & Content Specialist, Northeast: +1.917.877.1697
- Martin Cottingham, Principal, New York: +1.212.729.6325