With $400 million in financing secured from Bank of America and a Middle East wealth fund, Related is ready to break ground on the first commercial office tower at its 300-acre Hudson Yards project, which will be home to Coach and seek a LEED Platinum rating from USGBC.
Tag Archives | LEED Platinum
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?
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.
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.