One of Manhattan’s highest profile new office buildings – the LEED Gold-hopeful 11 Times Square – has topped out its concrete core.
Tag Archives | green real estate
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.
On the heels of an 18-month, $72 million capital improvement program that includes a LEED-EB application, SL Green’s 100 Park Avenue has landed a major lease, signing the accounting and consulting firm BDO Seidman to a 120,000-square-foot lease.
With its glass curtain wall already garnering accolades, 510 Madison Avenue has secured a retail tenant for 3300 square feet of space at its East 53rd Street corner.
Let’s check in on some recent leasing activity at two of Manhattan’s highest profile new commercial office buildings, both of which are pursuing LEED ratings and commanding Class A rents.
The 10-story, 100,000-square-foot former home of the National Audubon Society, which dates from 1891 and – for several reasons – is considered Manhattan’s first green building, recently traded hands for $70 million.
The LEED-CS Gold-hopeful 545 Madison Avenue is making news after signing a major retail tenant to a 7000-square-foot lease.
Nine of the 50 largest Manhattan office leases signed in 2007 were for space in buildings pursuing (or, as it were, not pursuing) LEED certification, which suggests some interesting points about New York City’s green real estate market.
The New York Times Building has secured a tenant for its fifth and final retail availability, a 3200-square-foot space that will feature a new restaurant concept from the Schnipper brothers.
Some important Manhattan green office buildings have major blocks of available commercial office space according to a recent compilation prepared by Crain’s New York Business.