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.
The Houston-based developer Hines has secured construction financing that will allow it to proceed with 7 Bryant Park, a 28-story LEED-hopeful trophy office tower in Midtown.
Houston-based Hines has secured construction financing that will allow it to proceed with 7 Bryant Park, a 28-story LEED-hopeful trophy office tower in Midtown.
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?
CarbonNeutral’s new 5000-square-foot space at the Mercantile Building is more than double the size of its old home at 527 Madison Avenue. Asking rents for the space were $40 per square foot; the Lansco Corporation represented CarbonNeutral and Newmark Knight Frank the sublessor.
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.
Are the dizzying asking rents at Bank of America Tower a function of its LEED Platinum label or being driven by more fundamental real estate concepts – like the tower’s Class A status and location?
In a long-term deal for 65,000 square feet, the architectural firm KPF is relocating its offices to Tishman Speyer’s 11 West 42nd Street.