Plans for Midtown Union, a mixed-use development slated to become the world headquarters of investment management company Invesco, received approval on Sept. 10 from the Midtown Development Review Committee (DRC).
The development will sit 3.8 acres at 1295 Spring Street with Granite Properties as the master developer and Street Lights Residential delivering the apartment component. A hotel is also planned for the site. After working with committee members to resolve several outstanding issues such as parking deck screening, public art and street level façade enhancements, the DRC recommended conditional support for the project. Invesco has already agreed to lease more than half of the office tower’s 600,000-square-feet.
Also on the DRC’s agenda was a proposed residential project at 250 14th Street by Toll Brothers and Brock Hudgins. The 1.35 acre site would include a 17-story tower with 175 luxury apartments while maintaining two existing apartment buildings with 20 units at the property’s rear. The committee was generally supportive of the overall design, but recommended ground floor retail along 14th Street and routing a service vehicles entrance at 14th Place to lessen the impact on adjacent properties.
Read more about the meeting at this recap from Midtown Alliance.