Tenant Broker’s Perspective: office buildings being demolished or converted to residential are driving up rental prices at 430 West 15th Street. This trend is projected to continue. Opportunities for subleases remain available at 430 West 15th Street and in the nearby Chelsea neighborhood.
430 West 15th Street is a historic building located in the Meatpacking District, Manhattan, NYC. The original structure, built in 1950, was initially used as a parking garage. Over the years, it has undergone significant transformations to adapt to the evolving needs of the area.
An extensive renovation and expansion were completed in 2015, converting the site into an office space. The building now features a historic brick base connected to a four-story glass addition, incorporating modern elements while preserving some of its industrial past. This transformation added significant commercial space and included terraces with expansive views.
The property has been a part of several significant transactions in recent years. Notably, Savanna acquired the leasehold interest for the building in December 2024 for $85 million, a substantial discount from its previous valuation. The building is currently fully leased, with major tenants like Live Nation.
430 W 15th St, Manhattan, NYC
Location: Meatpacking District/Chelsea area
Built: 1950 (renovated 2015)
Stories: 8 (including 4-story glass addition)
Size: 95,000-111,300 SF (sources vary)
Features:
Class-A boutique office space
Historic brick base with modern glass "zipper" addition
Adjacent to High Line & Chelsea Market
Floor-to-ceiling windows
Energy Star labeled
Cascading terraces
2025 Status: Fully leased, acquired by Savanna for $85M
Notable: Adaptive reuse of former stable/parking garage
Building Amenities at 430 W 15th St, Manhattan, NYC
Expansive floor-to-ceiling heights creating a spacious and airy environment
Cascading terraces on each floor, offering unique outdoor spaces with different orientations
Adaptive reuse design blending the original architecture with a modern four-floor glass addition
Energy Star certified, reflecting high energy efficiency standards
Excellent transportation access including nearby bus lines and metro/subway stations
Office Tenants at 430 West 15th Street, Manhattan, NYC
The 430 West 15th Street property in Manhattan's Meatpacking District is a 100,000-square-foot Class A office building spanning eight stories.
Currently, the primary tenant is Live Nation, a concert promoter and venue operator, which occupies the entire office space through a lease arrangement. Live Nation moved into this building by subleasing it from the previous main tenant, Palantir Technologies, in 2017.
The building was originally converted from a parking garage and has attracted significant leasing interest since its transformation.
Internet Providers at 430 W 15th St, Manhattan, NYC
Residents and businesses at 430 W 15th St have access to several reliable internet providers offering a range of high-speed options suitable for professional and residential use.
Verizon Fios
Verizon Fios is widely available in Manhattan and is known for fiber-optic internet service providing speeds up to 2 Gbps. It offers reliable, high-speed connections ideal for demanding applications.
Astound Broadband Powered by RCN
Astound Broadband delivers both cable and fiber internet services with competitive pricing. Their fiber network covers much of the city, including this area, with plans featuring unlimited data usage and speeds up to 1.5 Gbps.
Spectrum
Spectrum provides cable and fiber internet with speeds up to 1 Gbps. It is available throughout Manhattan and offers various bundles combining internet, TV, and phone services.
Transportation Details
Address: 430 W 15th St, Manhattan, NY 10011
Key Cross Streets
Near 11th Ave & Washington St intersections
Between 10th Ave and West Side Highway
Public Transit
Subway
A, C, E, L at 14th St/8th Ave Station (0.24 miles)
Bus
M11, M14D-SBS, M23-SBS at W 14th St/Washington St (0.04 miles)
Optimal Spaces can help you turn critical and complex real estate issues into opportunities for growth and or cost reduction.
We offer the experience, know-how, and the strategic planning that helps lead to better decisions. Virtually everything you need to enhance the value of your business (for profit and not for profit) , you will find at Optimal Spaces.
About Optimal Spaces Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.
Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
