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Convene Signs First Lease at Terminal Warehouse for 50,000-Square-Foot Event Venue

The events lease gives the repositioned West Chelsea complex a marketing anchor.

Overview

  • Convene Hospitality Group will open The Mallory, a three-level, 50,000-square-foot venue in the northwest corner of the building with a target opening in Q2 2026.
  • The venue is designed for high‑production events and features a 25‑foot bar, a grand hall with 19‑foot ceilings, suites, a gallery with movable walls, a catering kitchen, and integrated lighting, projection, and audio.
  • The deal is the first lease at the roughly 1.3 million‑square‑foot adaptive‑reuse project led by Columbia Property Trust, L&L Holding Company, and Cannon Hill Capital Partners with architecture by COOKFOX, including a six‑story addition.
  • Roughly 1.25 million square feet remain available as the owners finalize agreements with a fitness provider and multiple food‑and‑beverage operators and engage large office tenants.
  • CBRE represented Convene, while a Cushman & Wakefield team represented the landlord, and financial terms and lease length were not disclosed.