Hedge fund HBK Investments, which last summer signed on for LEED Platinum hopeful Bank of America Tower’s 40th floor at $135 per square foot, has officially terminated its commitment for 12,000 square feet of that space. The Dallas-based firm will still retain 24,000 square feet on the 40th floor and the Dursts will now seek to lease the freshly freed space for an incredible $185 per square foot. The only space in the building that remains in addition to HBK’s former space is 30,000 square feet on the 37th floor, where the Dursts are asking the same rent; the family will consider partitioning either space into blocks for smaller tenants. According to Eric Engelhardt, one of Durst’s vice presidents for leasing, “[t]here is a greater universe of smaller tenants looking for high end space.”
August 20th, 2008 | Stephen Del Percio | 0 comments | ContinuedAll Posts Tagged With: "Durst"
Community Calls on the MTA to Require Sustainable Development at the West Side Rail Yards
The community-based Hudson Yards Community Advisory Committee (HYCAC) released their response to the West Side Rail Yards proposals today in a letter to the MTA. Among the highlights:
(1) HYCAC requests that the MTA require a commitment to sustainable construction from whichever developer is awarded the project. Currently, three of the development teams (Brookfield, Durst-Vornado, [...]
Green Buildings Driving Midtown Rents to Unprecedented Heights
Last week’s edition of Crain’s reported the highest average asking rents (per square foot) in Midtown. It probably won’t surprise you that the highest are found at LEED Platinum hopeful Bank of America Tower (image to left), where an eye-popping $150 will give you (and presumably the clients paying for your sparkling new eco-friendly digs) [...]
June 26th, 2007 | Stephen Del Percio | 0 comments | Continued