BMI Set for Move Into LEED Gold-Certified 7 WTC
Broadcast Music, Inc. is set to move at the end of the week into new headquarters space at the SOM-designed, LEED Gold-certified 7 World Trade Center.
Larry Silverstein has leased the last available prebuilt space at his 7 World Trade Center. As you’ll recall, the tower was the first commercial office building in New York City to earn LEED Gold certification. Equity and derivatives traders Volant Trading, which was formerly located at 99 Wall Street, plans to move into building in March. The firm is quadrupling its existing space by taking 7800 square feet at 7 WTC, or approximately one fifth of the tower’s 33rd floor. Volant signed a seven-year deal at $75 per square foot. CB Richard Ellis’s Rob Wizenberg, who represented Volant in the negotiations, noted that the firm “wanted absolutely top-quality space. The layout was perfect and they love being downtown.”
Last June, HSBC announced a five-year, $100 million partnership to address global climate change, agreeing to work with The Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute, and the World Wildlife Fund in order to quantify the impact of climate change on the world’s cities, forests, and rivers through extensive field research. Yesterday, sources told GlobeSt.com that the bank is close to continuing its sustainable efforts by leasing 300,000 square feet across seven of the final ten floors available at Larry Silverstein’s LEED Gold 7 World Trade Center. Should the deal close, HSBC would likely sell its 500,000-square-foot headquarters tower at 452 Fifth Avenue in Midtown. Asking rents for the final ten floors at 7 WTC are hovering between $75 and $85 per square foot, and HSBC’s deal is rumored to be “at term sheet at the moment.”
The intellectual property law firm Darby & Darby moved into the 41st and 42nd floors of LEED Gold-certified 7 World Trade Center last June. Gerner Kronick + Valcarel, Architects designed the firm’s 80,000-square-foot space, which includes a stainless steel, tension rod-suspended glass staircase that connects a two-story conference/multi-purpose room. GKV’s design emphasizes the natural light provided by 7 WTC’s floor to ceiling windows. Stretch fabric ceilings were installed in each of the office’s conference rooms and glass sidelights connect perimeter office doors to maximize light penetration into the interior.
Architecture firm MKDA recently completed a 3000-square-foot office fit-out for WhenTech, an option pricing, risk management, and software development company, on the 34th floor of LEED Gold-certified 7 World Trade Center. Larry Silverstein has also retained MKDA directly to create two floors of pre-built, incubator offices for small businesses in the tower. MKDA’s design maximizes daylight in the WhenTech space, featuring all-glass doors and windows between individual offices.
According to the New York Observer, NBC is considering office space at both LEED Gold 7 World Trade Center and SJP Properties’ LEED Gold hopeful 11 Times Square. The network most recently visited 7 WTC on June 2, where the top ten floors of the tower remain available at asking rents around $75 per square foot. “NBC has been back to 7 World Trade Center a number of times, with executives and different division heads poring over the building,” a source told the Observer. Nevertheless, another source claims that NBC is now focusing on 11 Times Square, which is still seeking an anchor tenant, as well as other spaces along 8th Avenue. The network hopes to move its business operations into whatever new space it chooses sometime during 2009 .
The CoStar Group’s list of the top 50 Manhattan office leases that were finalized in 2007 appears in this week’s issue of Crain’s New York Business (though it isn’t available online). By our count, 9 of these 50 leases were inked for space in green office buildings. Importantly, 3 out of the top 10 leases (ranking 6 through 8, consecutively) were green. We’ve written about a number of these buildings before, and present each lease after the jump along with links to pertinent posts at gbNYC. We also set forth the tower’s certification status (if any), tenant, landlord, and total square footage of the deal.
As we briefly noted late last week, Larry Silverstein has secured another tenant for LEED Gold 7 World Trade Center. Advertising firm Arnell Group will pay $70 per square foot for the entire 40,000 square feet on the building’s 37th floor. According to the New York Observer, only 440,000 square feet remain across 11 floors [...]
Looking for LEED-certified office space in New York City? Your task continues to get tougher after yesterday’s announcement that a mere eleven floors remain available at Larry Silverstein’s fifty-two story 7 World Trade Center in the wake of tech company NCR Corp.’s multi-year lease of the LEED Gold building’s thirty-fifth floor. The company will open [...]
This week’s issue of Crain’s New York Business includes the paper’s most recent Real Estate Report, which focuses on green building projects in New York City’s commercial and residential sectors. gbNYC has previously discussed many of the new commercial projects presented in the article, titled Eco-towers on the rise, including 7 WTC and the other [...]