375 Pearl Street Continues Transformation Into Intergate.Manhattan Data Center

It was once slated for a $350 million, LEED-rated makeover as an office building that was derided as “disturbing.” Now, the former Verizon Building at 375 Pearl Street is on its way to becoming Intergate.Manhattan: the world’s most complicated data center.

In a renovation to what an architecture critic once called a “disturbing” piece of architecture, 375 Pearl Street at one time was slated to become a Class A commercial office building. But now Seattle-based Sabey Data Center Properties has moved into the next phase of turning the 32-story, 1 million-square-foot former Verizon Building into Intergate.Manhattan: the largest high-rise data center in the world. Eventually, the facility will boast 40 megawatts of data center capacity using 600,000 square feet of the building’s floor space, with typical floor plans of 35,000 square feet. It will offer both powered shell (undeveloped space with fiber-optic connectivity which the tenant builds out) and turnkey (landlord builds or has built out the space).

Sabey began the physical transformation of 375 Pearl Street last year after purchasing the former Verizon Building in foreclosure, upgrading its climate, electrical, and other infrastructure systems to support its new functions. It’s also invested nearly $50 million in perimeter security for tenants’ peace of mind. Now, as of just a few weeks ago, Intergate.Manhattan is functioning, providing computing cycles to the New York Genome Center – the facility’s first tenant – for purposes of medical research.

“Ensuring that institutions – whether they’re financial services firms or health care providers or life science pioneers like the New York Genome Center – can securely store, access and share data is key to our city’s tech future,” said Mayor Michael R. Bloomberg at a recent press conference discussing the arrangement with NYGC. “That’s why Intergate.Manhattan is such an important addition to New York City’s data infrastructure and to our economy.” “This is the most complicated center of its kind in the world,” Dave Sabey, the founder and chief executive of Sabey Corporation, told The Observer  when it reported the story for the first time last summer.

Still, there are concerns that, although Sabey plans to route clean hydroelectric power from its West Coast operations to the facility, 375 Pearl Street could be an energy hog. Whether that turns out to be the case remains to be seen. But with New York City’s increased attraction for the technology industry – from Google’s massive home at 111 Eighth Avenue to the planned Cornell campus on Roosevelt Island – facilities capable of serving these data-hungry companies will become increasingly critical for Gotham to remain competitive in attracting tech sector tenants.

About Stephen Del Percio

Stephen Del Percio has written for gbNYC+ since 2006 and currently serves as in-house counsel for one of the world's largest engineering, construction, and technical services companies. He earned a B.Eng. from Columbia, his J.D. at William & Mary, and lives in New York City with his wife and daughter. You can follow Stephen on Twitter, email him at stephen@gbNYC.com, or join gbNYC on Facebook to continue the conversation.

about gbNYC

gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

Our blog, the gbNYC+ journal of real estate, law, + sustainability, delivers consistent, original content - from a New York City perspective - on how technology, data, and sustainability are changing how we interact with our built environment. Subscribe below and receive new articles as they're published or connect with our social media presence to join our ongoing conversation about real estate and sustainability, in the Big Apple and beyond. Contact us at (201) 835-8530 or info@gbNYC.com for more information about our services and to discuss how we can assist you.

, , , , , ,

No comments yet.
gbNYC Tenant Resources Feature

tenant resources

The commercial office leasing process is complicated. And so is figuring out where to start your search for office space in New York City. gbNYC's tenant resources - from our blog and leasing FAQ to our unwavering dedication to our clients and commercial real estate - can help you get the best possible deal for your next office, in the best location, and at the best price.
gbNYC Submarket Feature

submarkets

New York City is a big place, and figuring out the most suitable location for your office can seem like an insurmountable challenge. Our submarket guide demystifies Gotham's dizzying range of neighborhoods with profiles, articles, new developments, and recent leasing statistics like average asking rents and vacancy rates.
gbNYC Database Feature

office database

We've built a database of the best commercial properties in New York City, focused on LEED-certified, Energy Star-labeled, and historic office buildings. Search for your ideal office building by location, certification, size, or owner. Then contact us to discuss current availabilities and your specific office needs.