The Principal Financial Group recently earned an unspecified level of LEED for Commercial Interiors (”LEED-CI”) certification for its corporate headquarters space on the 25th floor of 888 Seventh Avenue in Midtown. Designed by M Moser Associates, the 19,800-square-foot office includes extensive natural daylighting, low-flow water fixtures, and other energy-efficient systems. The space was designed to achieve a 15 percent reduction in energy consumption through occupancy sensors and programmable, efficient HVAC units. The project team also included Synergy Construction, Inc. with LEED consultants OMNIBUILD, and only required seven months to complete. 888 Seventh Avenue, located on West 57th Street between Broadway and Seventh Avenue, includes 46 stories of office space, was built in 1969, and is owned by Vornado Realty Trust. Other major tenants include New Line Cinema and The Corcoran Group.
October 2nd, 2008 | Stephen Del Percio | 0 comments | ContinuedAll Posts Tagged With: "Vornado Realty Trust"
20 Times Square: Green Tower at Bus Terminal Close to Securing Anchor Tenant
20 Times Square, the planned 42-story LEED (for Core and Shell) Gold tower that Vornado and Ruben will co-develop above the north wing of the Port Authority Bus Terminal on 8th Avenue, is close to securing an anchor tenant. Law firm Paul Weiss is in preliminary negotiations with Vornado for 500,000 square feet of space across the building’s middle floors- over a third of the building’s 1.3 million square feet- at what’s rumored to be $95 per square foot. The potential deal is obviously significant in terms of moving the speculative 20 Times Square project forward, but also highlights SJP Properties’ inability to similarly secure an anchor tenant for its speculative 11 Times Square project across the street.
May 8th, 2008 | Stephen Del Percio | 0 comments | Continued
Monday LEEDoff: AOL Opens New HQ at 770 Broadway
Last week, AOL officially opened its new corporate headquarters at 770 Broadway, relocating from its former base in Dulles, Virginia. The building, which dates from 1903 and was designed by Daniel Burnham (the Flatiron Building), occupies the entire block between East 8th and 9th Streets and is currently pursuing a LEED for Existing Buildings (”LEED-EB”) rating. AOL’s new space was designed by Mancini Duffy, and it too will seek LEED certification, presumably under the Commercial Interiors system, though specific details on those efforts are unavailable. Landmarked and owned by Vornado Realty Trust, 770 Broadway is the former site of the Wanamaker Department Store. The tower currently offers 165,000 square feet of retail space; tenants include Ann Taylor Loft, Kmart, and Bank of America. AOL’s lease is for 152,000 square feet over two floors at the 15-story tower until 2022.
April 21st, 2008 | Stephen Del Percio | 0 comments | Continued