"Bulldog Real Estate Partners and Acram Group closed on the property and are teeing up a modernization play to turn the aging asset into a boutique, amenity-heavy contender in Manhattan's post-pandemic leasing game."
"The buyers are planning major upgrades to common areas, building systems and floor layouts in order to appeal to smaller but high-caliber tenants."
An 11-story office building at 88 University Place in Greenwich Village has been sold for approximately $46 million. The new owners, Bulldog Real Estate Partners and Acram Group, plan to modernize the building to attract technology, media, and financial services tenants. The property, which has 70,642 square feet of space, has experienced significant changes, including a previous WeWork presence. The buyers intend to upgrade common areas and building systems to appeal to high-caliber tenants.
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