All Posts Tagged With: "Tishman Speyer"

Tishman Speyer’s loss is now the Related Companies’ gain. The MTA announced today that it has selected Related and Goldman Sachs to develop Hudson Yards into a $1 billion mixed-use neighborhood that will revolve around a central nine-acre grand plaza similar in concept to Tishman’s proposed “New York Steps.” Related will seek LEED Gold for the project (pursuant to the MTA’s RFP), though no specific details are available regarding whether that rating will be for individual towers or a broader LEED-ND application for the entire project.

Advertising firm Saatchi & Saatchi recently renewed an 819,000-square-foot lease at Tishman Speyer’s 375 Hudson Street, which earned a 2007 Energy Star Award from EPA earlier this year. The 1.2 million-square-foot, 19-story building, which stands at the corner of West Houston Street, has been home to Saatchi since 1985, when rents in the Hudson Square submarket were approximately $20 per square foot. The firm was the first ad agency to relocate from Midtown down to Hudson Square, where according to Jones Lang LaSalle rents are currently averaging $59 per square foot. CB Richard Ellis represented Saatchi in the lease negotiations; asking rent details are not available. The New York Post’s Steve Cuozzo called the deal “welcome news in a market increasingly jittery over subprime fallout and the likelihood of space being dumped after inevitable layoffs.”

Kohn Pederson Fox, architects of the future LEED Platinum Beer Belly Building headquarters of JPMorganChase at the World Trade Center site, as well as LEED Gold-certified Court Square Two in Long Island City, is moving its offices from 111 West 57th Street south to Tishman Speyer’s 11 West 42nd Street, between 5th and 6th Avenues. The firm has inked a long-term deal for 65,000 square feet across the tower’s 8th, 9th, and 18th floors, where asking rents were in the neighborhood of $67 per square foot. The 32-story building, which was originally called the Salmon Tower, was built back in 1927 and originally designed by architects York & Sawyer.

On Tuesday, 5 New York City commercial buildings were among 1,400 nationwide that received 2007 Energy Star ratings from EPA. Dating from 1928, the Cass Gilbert-designed New York Life Insurance Building at 51 Madison Avenue is one of the awardees. The 40-story tower is also a National Historic Landmark, as well as a New York City landmark, designated by the Landmarks Preservation Commission back in 2000. The 1,400 buildings are the most that have received the rating, which is distributed annually, since the Energy Star program kicked off back in 2002. Since 2004, New York Life and property manager Jones Lang LaSalle have been retrofitting 51 Madison with a number of measures designed to increase its energy efficiency.

Just in time for the holidays, and as a nice complement to the efficient LED lights that will grace this year’s Christmas tree, Tishman Speyer has installed 363 solar panels on the roof of 45 Rockefeller Plaza. Last week, at the same press conference announcing both of these initiatives, Tishman, which has owned the complex [...]