In 2013, Town Residential an office to cover markets from Hudson Yards to Tribeca. Set up in the meatpacking district, this was the tenth outpost the company has erected since being founded in 2010. It was founded at that time by Andrew Heiberger. The new office was a lease of the entire 7,100-square foot second floor of the office building on 446 W. 14th St. This space was designed specifically for brokers, with much space for brokers to work and meet clients. In addition to the ample floor space, there are 16-foot ceilings and access to the building’s private roof deck.
The lease agreement is a 15-year deal. In taking up the offices, the branch partnered with Thomas & Ingram a brokerage firm that concentrates on deals in the West Village. T & I moved with the new Town Residential branch into the new offices. They established this new office at a very good time, just as the area was experiencing a huge burst of growth. The office sits smack dab in the center of all of this growth. The rent of the space has not been disclosed, but it is probably pretty high considering the high demand of space in this area and the very nice accommodations.
Fortunately for Town Residential, one its parent investor is Thor Equities who owns more retail space than just about anyone in New York. This connection enabled Town Residential to obtain these highly coveted offices. The following year things changed at Town Residential when founder Heiberger stepped down as its CEO to focus on broader business-development issues. Back in 2011 Heiberger had signed a three-year contract with the company which they chose not to renew at this time. Town Residential was not Heiberger’s first company to found.
Several years earlier he had founded the hugely successful rental agency, Citi Habitats. Although there was a bit of a shakeup in Town Residential offices with Heiberger’s departure from the office of CEO, things soon got back to normal. The leadership and investors of Town Residential remain incredibly optimistic about its future in the New York area.