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“Santander’s East Midtown tower has a new owner” East Midtown, a favored location for hedge funds and small financial firms, will soon have a prestigious new location for them. After serving as Santander’s New York headquarters since 1991, the 134,000 square-foot boutique office tower at 45 E. 53rd St. is finally to be made available…
“Lever House in NYC to see new life with $100M redevelopment” A $100 million redevelopment is bringing new life — and post-pandemic attention to employees’ needs and concerns — to the iconic 1950s landmark Lever House on Park Avenue between East 53rd and East 54th streets. The project’s centerpiece is an indoor-outdoor, tenants-only hospitality suite on…
“East Midtown is NYC’s most in-demand market as Grand Central proximity beckons” East Midtown is once again Manhattan’s most in-demand office market. Deals are still being done in the Hudson Yards area, Times Square, Midtown South and at the World Trade Center, but brokers say the momentum has shifted to the East 40s and 50s,…
“#Extell’s 5th Ave tower may have to build around mystery holdout” When Extell Development Corp. builds a long-awaited supertall office-and-retail tower at the corner of Fifth Avenue and 47th Street, one piece will be conspicuously missing from the 1,100 foot-tall giant — the actual corner of Fifth Avenue and 47th Street. A mysterious Korean company…
“#Manhattan skyscraper snags its own builder as a tenant” The Spiral is adding a large new tenant who won’t have to ask where the elevators and the bathrooms are when it moves in. That’s because Turner Construction Company, which just signed a 13-year, 75,000-square-foot lease, is actually building the new Tishman Speyer tower on the…
“#Heiress Gloria Vanderbilt’s $1.12M home in contract” Just in time for Fashion Week! The Midtown East apartment where Gloria Vanderbilt lived for almost a quarter of a century is already in contract — after hitting the market just last month. It was asking just $1.12 million, with maintenance fees of $4,311 a month. Heiress, artist…
“#Law firm expanding into 919 Third Ave. in ginormous deal” Defying predictions that everyone will soon work from home — and the reality of a still struggling Manhattan office market — another major tenant has signed a jumbo Midtown lease. Global law firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo is moving its Manhattan headquarters…
“#Roosevelt Hotel site attracting developers” Last week’s news that the historic Roosevelt Hotel was closing had New Yorkers teary-eyed and developers drooling. The historic, nearly 100-year-old Roosevelt announced on Oct. 12 that it would be checking out for good at the end of the month because it could no longer survive the pandemic. Longtime owner Pakistan…