All Posts Tagged With: "Boston Properties"
Law Firm Pays $90 s/f at BXP’s -EB 7 Times Square
The law firm Hiscock & Barclay signed a four-year lease earlier this week for 12,500 square feet of space at Boston Properties’ 7 Times Square (Times Square Tower), which is currently seeking a LEED for Existing Buildings rating from USGBC. The firm is actually subleasing the space from another law firm- Brown Rudnick- and will pay approximately $90 per square foot. The 47-story, David Childs-designed Times Square Tower opened up back in 2004 without an anchor tenant after the Arthur Andersen implosion.
Popularity: 11% [?]
17Jul2008 | Stephen Del Percio | 0 comments | Continued
20 Times Square: Green Tower at Bus Terminal Close to Securing Anchor Tenant
20 Times Square, the planned 42-story LEED (for Core and Shell) Gold tower that Vornado and Ruben will co-develop above the north wing of the Port Authority Bus Terminal on 8th Avenue, is close to securing an anchor tenant. Law firm Paul Weiss is in preliminary negotiations with Vornado for 500,000 square feet of space across the building’s middle floors- over a third of the building’s 1.3 million square feet- at what’s rumored to be $95 per square foot. The potential deal is obviously significant in terms of moving the speculative 20 Times Square project forward, but also highlights SJP Properties’ inability to similarly secure an anchor tenant for its speculative 11 Times Square project across the street.
Popularity: 6% [?]
8May2008 | Stephen Del Percio | 0 comments | Continued
Monday LEEDoff: Bank Inks Sublease at –EB Tower in Midtown
In addition to its 250 West 55th Street project that will aim for LEED Gold, Boston Properties is currently pursuing LEED for Existing Buildings (”LEED-EB”) certification for two of its Manhattan office buildings –Times Square Tower (1 Times Square) and 599 Lexington Avenue (between East 52nd and 53rd Streets). Designed by architect Edward Larrabee Barnes, Boston Properties built the 47-story 599 Lexington back in 1986. Last week, the real estate investment bank Savills Granite (formerly Granite Partners) subleased 18,000 square feet on 599 Lexington’s 36th floor, requiring additional office space after a recent merger with London-based property manager Savills.
Popularity: 8% [?]
5May2008 | Stephen Del Percio | 0 comments | Continued
British Telecom Inks Two-Floor Sublease at Times Tower
According to Crain’s, British Telecommunications has inked a 15-year lease for 63,000 square feet of space at the New York Times Tower on Eighth Avenue at $95 per square foot. British Telecom is subleasing space on the 45th and 46th floors from investment firm ClearBridge Advisors, though the latter never occupied the space that British Telecom will take over. ClearBridge will remain in its existing space on the 47th through 50th floors. The deal follows a number of reports over the past month that financial services firms across the city have been shedding space that’s now unnecessary given the market downturn.
Popularity: 7% [?]
23Apr2008 | Stephen Del Percio | 0 comments | Continued
gbNYC Audiocast, Episode 6: Lever House Redux at 250 West 55th Street
Episode 6 of the gbNYC Audiocast takes a deeper look at Boston Properties’ 250 West 55th Street project, which was recently dubbed the “Lever House Redux” by the company’s Regional Manager Robert Selsam. As you’ll recall, both the seminal Lever House at 390 Park Avenue and the new tower were designed by Skidmore Owings and Merrill as glass boxes rising out of a wider podium base. The audiocast also traces the history of the International Style in New York City and presents a comparison of 250 West 55th Street with the Lever House, suggesting that green building generally might find its roots in the historical tenets of the movement, including “form follow[ing] function” and Le Corbusier’s vision of the house as a “machine for living.”
Popularity: 2% [?]
7Apr2008 | Stephen Del Percio | 0 comments | Continued
“Lever House Redux:” Boston Properties’ 250 West 55th Street
Real Estate Weekly last week covered the recent Associated Builders and Owners of New York luncheon, which was held at The National Arts Club and featured thoughts from Robert Selsam, Senior Vice President and Regional Manager of Boston Properties. Mr. Selsam described his firm’s 250 West 55th Street, which will seek a LEED Gold rating from USGBC. “We want to think of it as a Lever House redux,” Selsam said; as REW noted, both the seminal Lever House at 390 Park Avenue and the new tower were designed by Skidmore Owings and Merrill as glass boxes rising out of a wider podium base. Many, though certainly not all, of the LEED buildings we’ve reported on in Midtown- including 545 and 510 Madison Avenue- will essentially be walls of glass, but the initial renderings of 250 West 55th appear to be a bit more ambitious in their homage to the local history of the International Style. The 38-story tower is expected to receive tenants in time for a 2010 occupancy; demolition and excavation efforts are already underway.
Popularity: 11% [?]
25Mar2008 | Stephen Del Percio | 0 comments | Continued
Top Green Office Leases in Manhattan by Square Footage: 2007
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.
Popularity: 23% [?]
28Feb2008 | Stephen Del Percio | 1 comment | Continued
SJP Properties’ LEED Silver 11 Times Square Moving Forward Through Tighter Market
In an article that appears in this week’s edition of Real Estate Weekly (but is not available online), Stephen Pozycki, head of New Jersey-based SJP Properties, discusses the state of the New York City commercial real estate market in light of the recent U.S. economic woes. SJP, as you may recall, is building the speculative, LEED Silver 11 Times Square at the corner of 42nd Street and 8th Avenue (just across the street from the New York Times Tower). Last fall, we discussed the project in the context of the subprime lending meltdown and what it might mean for green building generally. Pozycki told Real Estate Weekly that he expects the tower to be half-filled with tenants by summer and that “[t]here’s just not many of these new green buildings that are being built in the city.” He noted the lack of available space in new green towers from the Times, Hearst, Bank of America, and also pointed to Boston Properties’ plans for a LEED Gold building, targeted specifically for law firms, at West 55th Street.
Popularity: 16% [?]
6Feb2008 | Stephen Del Percio | 3 comments | Continued-
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