{"id":26590,"date":"2020-02-21T14:56:15","date_gmt":"2020-02-21T12:56:15","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=26590"},"modified":"2025-03-25T14:34:07","modified_gmt":"2025-03-25T11:34:07","slug":"historic-soho-broadway-building-undergoes-full-facelift","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/historic-soho-broadway-building-undergoes-full-facelift\/","title":{"rendered":"Historic SoHo Broadway Building Undergoes Full Facelift"},"content":{"rendered":"

\"\"Real estate investment firm KPG Funds has undertaken the complete rehabilitation and repositioning of 446 Broadway in SoHo<\/a>. The firm also unveiled a new technique for protecting pedestrians on urban sidewalks during periods of building construction.<\/p>\n

The redevelopment will feature pre-built, move-in-ready interiors designed by 11FIFTYNINE, as well as various new amenities including high-speed elevators, a 2,000-square-foot landscaped roof, oversized bay windows, and 14- to 18-foot ceiling heights.<\/p>\n

Built in 1877, the historic building encompasses 37,000 square feet and features 7,000-square-foot floor plates. The property includes street retail and interior retail on the lower level and ground floor, according to Yardi Matrix. KPG acquired the asset in 2018 for $47 million from Kwan Wah & Son. PNC Bank facilitated a bridge loan of $45 million for the purchase.<\/p>\n

KPG has teamed up with Urban Umbrella to design and implement NYC\u2019s first silkscreen building depiction, featuring an architecturally accurate rendering printed within its mesh netting.<\/p>\n

The mesh features a life-like depiction of the building\u2019s historic cast-iron fa\u00e7ade. Furthermore, the scaffolding is designed to seamlessly blend with its surroundings while creating a safe and welcoming pedestrian corridor that is far more aesthetically pleasing than the traditional sidewalk shed.<\/p>\n

\u201cAt KPG Funds, we put design and safety at the forefront of everything we do, so we are delighted to pilot Urban Umbrella\u2019s new product at L\u2019Atelier at 446 Broadway,\u201d<\/em> said Greg Kraut, Co-Founder and CEO at KGP Funds. \u201cL\u2019Atelier is a special building and we wanted to do something that would also look nice for the community during our construction. We are happily paying a tiny bit more to give our neighbors a better visual experience and to push the design envelope with this stunning combination of textile craftsmanship and construction safety.\u201d<\/em><\/p>\n

This sidewalk shed improves public safety and storefront visibility through the elimination of the usual cross-bracing that visually obstructs ground-floor storefronts and building entrances.<\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate investment firm KPG Funds has undertaken the complete rehabilitation and repositioning of 446 Broadway in SoHo. The firm also unveiled a new technique for protecting pedestrians on urban sidewalks during periods of building construction. The redevelopment will feature pre-built, move-in-ready interiors designed by 11FIFTYNINE, as well as various new amenities including high-speed elevators,…<\/p>\n","protected":false},"author":59,"featured_media":26597,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,39],"tags":[],"class_list":["post-26590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office","wpautop"],"acf":[],"yoast_head":"\nHistoric SoHo Broadway Building Undergoes Full Facelift - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Real estate investment firm KPG Funds has undertaken the complete rehabilitation and repositioning of 446 Broadway in SoHo.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/historic-soho-broadway-building-undergoes-full-facelift\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Historic SoHo Broadway Building Undergoes Full Facelift\" \/>\n<meta property=\"og:description\" content=\"Real estate investment firm KPG Funds has undertaken the complete rehabilitation and repositioning of 446 Broadway in SoHo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/historic-soho-broadway-building-undergoes-full-facelift\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-21T12:56:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-25T11:34:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/SOHO-NYC-MANHATTAN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Robert Demeter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robert Demeter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/historic-soho-broadway-building-undergoes-full-facelift\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/historic-soho-broadway-building-undergoes-full-facelift\/\",\"name\":\"Historic SoHo Broadway Building Undergoes Full Facelift - 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