Owner Marcello Porcelli had originally planned to develop the COOKFOX-designed glassy office/retail building at the corner of Houston and Lafayette across the street from the Puck Building himself, but decided, according to the Journal, that "having that much capital tied up in a single project was not the best course." This week he reached a deal to allow Hudson Yards developer Related Companies to take over [edit: Porcelli's LargaVista and Related are co-developing the building. The deal is structured as a joint venture with a ground lease component.] the $200 million project, which also seems to have, at some point, grown in size. [edit: The size of the building has not changed. The 83,000 gross square feet includes two lower levels.] The plans that were presented to the local Community Board and enthusiastically approved by the Landmarks Preservation Commission last April were for a 60,000 square foot building. However, according to the Journal, the building will total 83,000 square feet, with 30,000 square feet of retail and 53,000 square feet of office space. Related says that it will wait until the retail space has been leased to break ground on the project.
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