Town Residential’s Expansion into Meatpacking District

Three years after its inception, Town Residential embarked into opening its tenth outpost based in Meatpacking District. The new office space complemented Town’s line of work due to its strategic location. As so, it provided access to residential neighborhoods located along the Hudson River.

 

Town obtained access to the 7,100-square-foot office space through leasing it for a duration of 15 years. Apart from its serene ambiance, the office featured access to a private deck positioned on top of the building and 16-foot ceilings. According to Heiberger, the new space made Town the only brokerage firm with an outdoor space for meeting customers and working. As so, it created a significant difference between Town Residential and other players in the real estate brokerage industry.

 

The area around the 446W.14th St. office space appealed to Town because of its strategic location. It had grown into one of the most sought-after neighborhoods. Heiberger cited that Town viewed the entire West Side as a continuous band of residential areas or neighborhoods. Consequently, the representatives based in the new space were expected to put more focus on markets between Hudson Yards and TriBeCa.

 

Towns’ close association with Thor Equities contributed profoundly to securing the lease for the Meatpacking District-based office. Thor Equities, Town Residential’s parent investor, served as the landlord of the building during the deal.

 

Occupants of the Meatpacking District-based office

 

Thomas & Ingram, a boutique brokerage firm dealing with sales transaction in West Village, was among the anticipated occupants of the new space. Further, Town cited indications of shifting its small office, which was located in 45 Horatio St., to the new office at 446W.14th St.

 

Town Residential

 

Town is one of the leading real estate brokerage firms in New York, which specializes in luxury residential properties. Andrew Heiberger is credited for establishing the firm in 2010. Its name gives a hint of the real estate properties that fall under its operations. Town’s success is also fueled by its equity partner, Thor Equities, a landlord and real estate development firm. This gives Town the advantage of utilizing the expertise and experience held by is co-chairpersons, Andrew Heiberger and Joseph Sitt.

 

Since its formation, it has strived to maintain its legacy as a premier luxury real estate services firm. Town has invested in world-class customer services to ensure that it stands out from its competitors. The customer service team features skilled and experienced representatives who are well-versed with luxury leasing, leasing, marketing and sales of properties. In 2013, it absorbed Thomas & Ingram, a boutique brokerage firm specializing in sales in the West Village. Over the years, Town has received numerous recognitions including being named among the Top 50 Best Places to Work in New York City.

 

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