Steve Nislick | Source | Chief Financial Officer at Hugo Neu

The initial step was gutting a four-story, 1930s warehouse and renovating it as an office building by polishing its concrete floors, installing a stylish ground-floor bistro and creating a roof deck with Manhattan views. The family-owned Hugo Neu tapped its own reserves for the $30 million renovation. Today, the 160,000-square-foot structure, called Building 78, is home to around 175 companies with berths from 120 square feet to 12,000 square feet.