After nearly 90 years at 140 West Street in one of Manhattan’s most important early skyscrapers, Verizon is relocating its headquarters back to Midtown and 1095 Sixth Avenue, across the street from Bryant Park.
Is a recent deal at the renovated – but not LEED-certified – 1095 Avenue of the Americas a harbinger of more good news to follow at the other end of the 42nd Street corridor for the LEED Gold-hopeful 11 Times Square?
The stock trading company Instinet’s pending deal at 1095 Sixth Avenue is important to consider from a variety of commercial real estate perspectives.
China’s second largest bank has signed a 14,000-square-foot lease at this renovated, high performing, Class A office tower across the street from Bryant Park.
It’s anecdotal, of course, with respect to whether the tower’s energy-efficient renovations had anything to do with it, but a hedge fund’s recent 5-year, 12,000-square-foot lease on the 24th floor of 1095 Sixth Avenue could bode well for improving commercial real estate conditions across New York City – whether green or not.