Pre-leasing for office space at 1 St. Mark's Place is underway

After a turbulent few years involving zoning battles, potential foreclosure, and a personal tragedy, the nine-story office building at St. Mark's Place and Third Avenue is finally ready to welcome prospective tenants at this gateway to the East Village.

As The Real Deal first reported, pre-leasing is underway here at 1 St. Mark's Place. 

Jones Lang LaSalle, which has the exclusive listings, notes:

Office tenants will have access to state-of-the-art amenity package, inclusive of a fitness center with locker rooms, meeting spaces, and a bike room. In addition, the offices are outfitted with high-end, residential style kitchens and bathrooms. 

The asking rents are $135 to $190 per square foot per TRD. 

The 1 Saint Marks Place website has more renderings and amenities (a few screengrabs follow). "Where Work Is Your Club" is one of several taglines for the development...

We've been documenting this story from day 1.

In November 2017, the commercial and residential real estate firm Real Estate Equities Corporation (REEC) picked up the 99-year leasehold for the assemblage on the NW corner of St. Mark's Place and Third Avenue for nearly $150 million. 

The Gabay family had owned the buildings for generations. (Other suitors also sought the property.) The previous buildings, which included retail tenants such as Korilla BBQ, the Continental, and McDonald's, were demolished in the summer of 2019.

The size of the building caused a lot of drama (flashback), and work was stopped for 10 months in 2021 when Madison Capital Realty tried foreclosing on the property.

Foundation work finally started in late August 2022 — after crews and equipment were assembled here in the summer of 2020. 

The developer, REEC's Brandon Miller, was found in his Hamptons home last July. Miller, who took his own life, was reported to be $34 million in debt. This new project was reportedly built on spec.

Now, the only question is who will call this address their business home.