Oxford Properties to venture with Westbrook Partners and Atlas Capital Group on St. John's Terminal Redevelopment

News provided by

Sep 07, 2017, 10:26 ET

The development agreement provides for the mixed use redevelopment of 5 acre Manhattan site

NEW YORK, Sept. 7, 2017 /PRNewswire/ - Oxford Properties Group, the real estate arm of the OMERS pension fund, today announced it has entered into an agreement with Westbrook Partners and Atlas Capital Group for the redevelopment of the St. John's Terminal site ("the Site") in New York City. The 5 acre site is located in the Hudson Square submarket of Midtown South and is entitled for a commercial and residential redevelopment. Oxford will lead the commercial development and Westbrook and Atlas will continue to lead the residential development. The Site is located on Manhattan's west side and features almost 850 feet of Hudson River frontage.

Oxford has deep commercial development and operational expertise. In addition to its current project co-developing New York City's 13 million square foot Hudson Yards project with partner Related Companies, Oxford's recently completed developments include The Leadenhall Building (London), MNP Tower (Vancouver) and EY Tower (Toronto).

About Oxford
Oxford Properties Group is one of the world's premier real estate investment, development and management companies. Established in 1960, Oxford manages over $40 billion of real estate assets on behalf of its co-owners and investment partners, with a global portfolio spanning over 60 million square feet. We have offices across Canada and in New York, Boston, Washington DC, London and Luxembourg, with regional investment, development and management professionals who have deep real estate expertise and local market insight. Oxford is the global real estate arm of OMERS, the pension plan for Ontario's municipal employees. For more information visit www.oxfordproperties.com.

Westbrook and Atlas were represented by Adam Spies and Doug Harmon at Cushman & Wakefield and Paul Amrich at CBRE.

SOURCE Oxford Properties Group Inc.