Property Overview 401 West 14th Street is a 60,000 square foot building located at the prime corner of 14th Street and 9th Avenue, the gateway to Manhattan's Meatpacking District, also known as the Gansevoort Market Historic District following its designation by the Landmarks Preservation Commission in 2003.

Investment Strategy Taconic acquired the property in December of 2005 on an off market basis. The property had numerous obstacles to redevelopment, including: an anchor ground floor supermarket tenant under a long-term lease; a securitized first mortgage prohibiting payoff or defeasance; and a location within a designated historic district. Taconic identified the asset's higher potential and successfully overcame all of these obstacles. Immediately upon placing the property under contract, Taconic commenced its redevelopment and repositioning plan for this asset. The base building redevelopment includes the replacement of all building systems, the construction of a new building core with 2 passenger elevators, the construction of a new building lobby and the redesign & replacement of all windows and retail storefronts. In addition, Taconic achieved approval from the New York City Landmarks Preservation Commission for the construction of a penthouse addition.

Building Amenities Prime Corner Location: This highly visible corner is located at the entryway to Manhattan's Meatpacking District, which has recently emerged as a prominent destination for retail, showroom and office tenants.

Efficient Floor Plates: The property's efficient floor plates provide flexibility for both single tenant or multi-tenant use.

Proximity to Area Amenities: This area is home to high-end retail, boutique hotels, fine dining, luxury residential buildings and public parks, including the High Line and Hudson River Park.

Representative Tenants Apple, Inc., Tudor Investment Corporation, Hugo Boss Retail, Inc., Moschino

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