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Infinity Initiates Redevelopment of 22 LW 12th Street, NYC

Jun 1st, 2011

New York, NY, June 1, 2011 – Infinity Real Estate LLC (“Infinity”) announced today the kick off of the rehabilitation project for 22 Little West 12thStreet, a 6-story building in Manhattan’s Meatpacking District. Located in the heart of the landmarked Gansevoort Market, 22 Little West 12th Street is a former parking garage located steps from the High Line Park and the site of the new Whitney Museum of American Art.  Major elements of the use-conversion and improvement program will include new storefronts and windows, all new utilities and HVAC, new state-of-the-art elevators, and a lobby created in the industrial-chic style to reflect the neighborhood’s history and edgy personality. Infinity will immediately begin the redevelopment of the Property, which upon completion will offer three distinct attractions: 4,000 square feet of premier ground floor retail space, an unparalleled leisure entertainment venue both on the rooftop and cellar levels, and five floors of boutique Class A office space.  Infinity will employ an efficient side-core design with best-in-class finishes, all while maintaining the historic glamour of the property, reminiscent of the 19th Century-style commercial marketplace that defines the Meatpacking District.

A signature component of 22 LW 12th Street will be its 4,000 square foot ground floor retail space, perfectly suitable for a fashion, luxury, or high-end design tenant.  Designer brands like Stella McCartney, Tory Burch, Theory, and Moschino have made the Meatpacking District one of the most fashion focused neighborhoods in Manhattan.  Infinity will be marketing the space to leading domestic and international brands looking for a NYC flagship location or a presence in this chic submarket.

The luxury loft-style office spaces at 22 LW 12th Street boast well configured, open floor plans with large operable industrial-style windows, many of which offer stunning views of the High Line and Hudson River.  The side-core building design achieves efficient and flexible layouts that can also accommodate multi-tenant floors.  Office spaces will feature polished concrete floors, 12 foot loft ceilings, and tenant controlled HVAC.   In this low-rise, landmarked district, Infinity is excited to be delivering new Class A office space for the growing number of design, new media, and technology firms focusing on the Meatpacking District as a preferred location. Steven J. Kassin, managing partner at Infinity Real Estate commented, “We are excited to be taking part in the repositioning of a dormant historic property, in the heart of our City’s most stylish retail, entertainment, and arts district. The space availabilities at 22 LW 12th Street will offer something completely unique for NYC’s leading boutique businesses.”

About Infinity Real Estate, LLC
Infinity Real Estate is a New-York-based private real estate owner, investor, and operator focused on the acquisition, redevelopment, and re-positioning of commercial properties across select U.S. markets along the East Coast, the Mid-West and Central States. Infinity Real Estate is the property acquisitions, development, and management unit, owned and operated by the Infinity Group. The Company currently operates approximately 40 commercial properties and development projects in 13 states. Infinity Real Estate’s principals have led or have directly transacted in over $2.5 billion of real estate related investments, representing over 75 asset or project acquisitions or developments, as well as several private corporate deals. The Company has established a strict investment discipline centered on active management of all its projects. For more information about Infinity Real Estate, visit infinitygrpms.wpengine.com.