According to Real Estate Weekly (via the Wall Street Journal), Boston Properties’ deal with law firm Proskauer Rose for 500,000 square feet of its LEED Gold hopeful 250 West 55th Street project may be on the rocks. (Just as a side note, I can see the site from my office and excavation and foundation work is moving forward as we speak at full steam). The speculative, SOM-designed green commercial office project had no trouble lining up tenants for close to 80 percent of its 1 million square feet, even while SJP Properties’ similarly speculative and LEED Gold 11 Times Square just a few blocks south was (and continues to be) on the hunt for its first tenant of any size. Should Proskauer pull out of the deal, it would be the credit crunch’s biggest blow to a green building in New York City to date.
November 26th, 2008 | Stephen Del Percio | 0 comments | ContinuedAll Posts Tagged With: "Morgan Stanley"
Manhattan Commercial Green Building Survey with Spotlight on Green Rehabs
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 [...]
October 16th, 2007 | Stephen Del Percio | 0 comments | Continued