NEW YORK—Property Group Partners and Romanoff Equities have formed a joint venture to develop 860 Washington Street, a new 120,000-sq.-ft. mixed-use office and retail development in Manhattan’s Meat Packing District.

The transaction was facilitated by Eastdil Secured represented by Douglas Harmon, Adam Spies and Josh King.

The development will be situated next to High Line Park and between Standard Hotel and High Line Building.

Development of the property is slated to begin presently with groundbreaking anticipated in late 2013 with a tentative delivery date of 2015.

James Carpenter Design Associates architectural firm is designing the building, which will stand 10 stories high and will be LEED certified. The property will have 11,000-sq.-ft. to 13,400-sq.-ft. floor plates and 14- to 15-ft. ceiling heights.