Elevate Research Properties, a subsidiary of Taconic Partners, plans to name a cutting-edge research facility it’s building at the site Iron Horse Labs — a tribute to Lou Gehrig.
“His story can inspire life-saving research,” said Elevate president Matthew Weir.
Elevate and its partners, Nuveen Real Estate and Flatiron Equities, bought the land for $70 million, part of their total $350 million development cost. The new building will have features such as a unique, double-height specialty research space, sophisticated energy-efficient systems and several outdoor terraces.
Iron Horse’s eight stories are to incorporate an existing five-story structure and new construction on the site of small buildings to be demolished. The facade design includes triangular sun-shading elements meant to resemble baseball pennants.Hudson Research Center at 619 W. 54th St.
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