The building is steps away from The Battery, a members only club and is in close proximity to a burgeoning retail corridor that now includes Isabel Marant, A.P.C., Shinola, Aesop and world class restaurants such as Quince and Cotonga.
Originally constructed in 1907, 394 Pacific Avenue was substantially renovated in 1981. Grosvenor will build on the existing improvements by activating the ground floor street experience and installing a new lobby as well as enhancing the façade.
Grosvenor completed a similar renovation of their six-storey building at 185 Post Street in Union Square, which included upgrading building systems and a new window wall façade that preserved the original brick exterior.
The acquisition of 394 Pacific Avenue complements Grosvenor’s portfolio of heritage office and retail buildings in Union Square at 251, 185 and 180 post Street.