All Posts Tagged With: "Midtown"
New Space for Women’s Health Seeks LEED Gold in Midtown
Designed by Perkins+Will and Lilker Associates Consulting Engineers, the New Space for Women’s Health will be New York City’s first stand-alone birthing center, offering women and their families prenatal and postpartum care, childbirth education, social work, and psychological services. The three-story project is pursuing a LEED Gold rating from USGBC; green features will include efficient HVAC, water, and lighting systems, among other LEED standards. Lilker’s healthcare division sought to design a “relaxed and warm setting” for patients that simultaneously conserves energy. The team is also considering installing wind turbines and solar hot water panels. The 8000-square-foot project involves the conversion of a former parking garage on West 30th Street in Midtown and should open sometime in 2010.
Popularity: 15% [?]
26Aug2008 | Stephen Del Percio | 0 comments | Continued
Final Asking Rents at LEED Platinum Bank of America Tower Hit $185/SF
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.”
Popularity: 16% [?]
20Aug2008 | Stephen Del Percio | 0 comments | Continued
Shoppers Will Soon Meet Their Other Face at LEED Gold 510 Madison Avenue
Although Apple recently backed off leasing office space at Macklowe Properties’ LEED Gold hopeful 510 Madison Avenue, the developer does have some fresh good news to share in advance of today’s planned topping off of the 350,000-square-foot, 30-story tower. Famed luxury watch purveryor Tourneau has inked a 3300-square-foot lease for retail space at the building’s East 53rd Street corner. Macklowe Chairman and CEO Billy Macklowe told the New York Post that the property should be ready for occupancy by the end of the year. Although Macklowe has only inked one office tenant to date (investment outfit Jay Goldman & Co.), Mr. Macklowe is confident that the tower will perform as planned. “I think all markets cycle,” he told the Post. “We’re still in the Plaza District, the premier business district in Manhattan.” The Post reports that the project’s shimmering glass curtain wall- already rising along Madison Avenue- is debuting to rave reviews from neighboring tenants. Asking rents for the retail space secured by Torneau were $600 per square foot.
Popularity: 16% [?]
30Jul2008 | Stephen Del Percio | 0 comments | Continued
Clean Power at Ground Zero, Midtown Office Vacancies, & PlaNYC Brownfields Office
gbNYC selects green news items of note that were reported across the New York City area during the week of June 8, 2008, including the Port Authority’s selection of a fuel cell provider for clean power at the World Trade Center redevelopment, an increase in Class A Midtown office vacancies since the start of the year thanks to an influx of new and subleased space from, among others, Bank of America Tower, the creation of a new office to expedite the redevelopment of New York City brownfields, and the first-ever America-Israel Green Buildings Conference held in the Meadowlands.
Popularity: 17% [?]
15Jun2008 | Stephen Del Percio | 0 comments | Continued
Steel on the Rise at SJP Properties’ 11 Times Square
A few weeks ago, Real Estate Weekly reported that SJP Properties was close to securing the French bank Natixis as an anchor tenant for its 40-story, 1.1 million-square-foot speculative 11 Times Square project at the corner of 42nd Street and 8th Avenue, which will seek a LEED Gold rating from USGBC. Yesterday, the developer announced (with some degree of fanfare) that it has started erection of the $1.1 billion building’s 7,000 tons of structural steel. In a prepared statement, SJP CFO David Welch said that “[t]he arrival and implementation of the steel phase will allow interior core and floor framing for the structure to take shape. We remain ahead of schedule and will deliver the building for tenant occupancy by late 2009.” Designed by FXFOWLE, the tower will feature a concrete core enclosing its elevator banks and utility risers, which allows tenant floors to remain column-free and insulates them from noise emanating from the concrete-enclosed mechanical rooms.
Popularity: 14% [?]
10Apr2008 | Stephen Del Percio | 0 comments | Continued
French Bank May Say Oui to Gold at 11 Times Square
In early February, we noted an interview that SJP Properties’ Stephen Pozycki gave to Real Estate Weekly about progress at LEED Gold hopeful 11 Times Square, which is currently under construction at the corner of 42nd Street and 8th Avenue. “Tenants will come,” Pozycki said at the time, while also expressing his expectation that the tower would be half-leased come summer. Despite the softening market, it appears that Mr. Pozycki’s prediction may prove prescient, as Real Estate Weekly reported this week that the French bank Natixis is considering up to 250,000 square feet at 11 Times Square. The bank is apparently conducting test fit-outs but has yet to commit to occupying space at the tower. Natixis currently leases space in a number of Midtown trophy buildings- including 9 West 57th Street and 1350 Avenue of the Americas- that it wants to consolidate into one similarly prestigious space- LEED Gold, even on 8th Avenue, appears to meet that litmus test.
Popularity: 9% [?]
20Mar2008 | Stephen Del Percio | 0 comments | Continued-
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