Currently under development by Tishman Speyer, the $316 million Gotham Center will be a 662,000-square-foot, 21-story Class A office building at the corner of Queens Plaza and 28th Street in Long Island City. Mayor Bloomberg and other officials announced the project’s groundbreaking last Friday, noting that it will join a number of other green projects in the neighborhood, including the LEED Gold-certified, KPF-designed Court Square Two. The tower was designed by architects Moed De Armas & Shannon and is pursuing a LEED Certified rating under the Core and Shell system. The tower is rising out of the former site of the Queens Plaza Municipal Parking Garage; the project team also includes construction manager Bovis Lend Lease and architect of record Gensler.
October 21st, 2008 | Stephen Del Percio | 0 comments | ContinuedAll Posts Tagged With: "Moed de Armas & Shannon"
Rough Tuesday for Green Buildings in Midtown
Yesterday was not a good day to be a green building under construction in Midtown. First, Steve Cuozzo reported in the Post that Macklowe Properties’ 510 Madison Avenue, which is currently pursuing a LEED Gold rating from USGBC, has received a partial stop-work order from the Department of Buildings. Later in the morning, a 5 ‘ by 13′ panel of glass fell from the 51st floor of Cook + Fox’s LEED Platinum hopeful Bank of America Tower. The panel landed on sidewalk bridging across 42nd Street (where the former Verizon Building continues to undergo a number of green retrofits), shattering and sending one person to Bellevue. Tishman Construction is serving as the construction manager for both of the projects
August 12th, 2008 | Stephen Del Percio | 0 comments | Continued
Midtown Midsummer Green Lease Update
Although the local real estate market has certainly cooled in the past few months, leasing activity at two of Midtown’s highest profile green commercial projects continues to remain hot. Marathon Asset Management, which agreed to pay $115 per square foot for the 38th and 39th floors at LEED Platinum hopeful Bank of America Tower in early 2007, recently agreed to a 5-year sublet for a portion of its space with Korean financial firm Mirae Asset for $150 per square foot. Although Marathon isn’t the only financial services firm that’s looked to shed space in light of current market conditions, it’s a good sign that demand is still strong for premium Class A space, though whether One Bryant Park’s green features are driving the significant lease premium is obviously pure speculation. Meanwhile, at LEED Gold hopeful, 350,000-square-foot 510 Madison Avenue, only one tenant has signed a lease, albeit at a whopping $150 per square foot.
July 29th, 2008 | Stephen Del Percio | 0 comments | Continued
LCOR’s 545 Madison Avenue Signs Alfred Dunhill to 10-Year Lease
LCOR’s LEED Gold (for Core and Shell) hopeful 545 Madison Avenue is back in the news after the developer recently inked British retailer Alfred Dunhill to a 10-year, 7000-square-foot lease for two floors of retail space. The upscale men’s clothier is currently located at 711 Fifth Avenue but will receive 175 feet of street window frontage along Madison Avenue and East 55th Street. CB Richard Ellis represented LCOR and Alfred Dunhill in the lease negotiations, which resulted in a deal at $600 per square foot. The store should open up this summer; LCOR is aiming the 17-story project’s 140,000 square feet of office space at seventeen (or fewer) boutique legal or financial services firms.
June 17th, 2008 | Stephen Del Percio | 0 comments | Continued
Tenants to Swim in Gold at Macklowe’s 510 Madison Avenue
Other pieces of sustainable architecture that have been unveiled in Manhattan to date may be a bit more dramatic, but we’ve been remiss in not mentioning Macklowe Properties’ 510 Madison Avenue previously. The 30-story project at 53rd Street was designed by SCLE Architects with collaboration from Moed de Armas & Shannon. Each floor plate in the building is 15,000 square feet or smaller and the speculative tower is thus being marketed at high-end tenants capable of occupying an entire floor of space. Trusses on the sixth floor transfer the structural load to three interior base columns, which allows for the type of column-free tower floors that Macklowe’s target investment firm tenants crave.
January 16th, 2008 | Stephen Del Percio | 0 comments | Continued