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“#425 Park Avenue tower signs new tenant Hellman & Friedman” In a breakthrough for closely watched 425 Park Ave., global private-equity firm Hellman & Friedman has signed a lease for two full floors — the first new office commitment there in more than two years. The firm will move from Lever House across the avenue…
“#Hospital for Special Surgery to expand with $35 million gift” There will be more rooms with a view for patients at the Hospital for Special Surgery. The pre-eminent facility for musculoskeletal health and orthopedics, a New York institution since 1863, is embarking on a spectacular waterfront expansion. Aided by a $35 million gift from philanthropist…
“#Apartment tower near South Street Seaport awaits ruling” It’s make-or-break time for Howard Hughes Corp.’s hot-button apartment-tower proposal at 250 Water St., near the South Street Seaport. On Monday, HHC will show a scaled-down design to the Landmarks Preservation Commission that’s about 27 percent smaller than the original plan the panel rejected in January. “We…
“#One Willoughby Square architect is tenant of Brooklyn tower” Architects routinely help developers promote new buildings they designed. But in one notable case, the architects loved their work so much that they decided to move into the striking new tower themselves. FXCollaborative, previously known as FXFowle, is the anchor tenant at JEMB Realty’s nearly-finished One…
“#New York City real-estate market shows signs of hope” New York City’s pandemic-battered property world resembles a nerve-wracking “seesaw” of “flights and drops,” as Henry James wrote of his neurotic protagonist’s mood in “The Turn of the Screw.” With any luck, Gotham will come through in better shape than James’ tragic heroine. On the dark…
“#Manhattan’s ‘trophy’ office buildings begging for tenants” The dreaded “G-word” — as in glut — overhangs nearly 8 million square feet of space up for grabs in “trophy” office buildings that just opened or are set to open by the end of 2022. The tally we did with help from CBRE means nearly three Empire…
“#660 Fifth Ave. sheds Satanic address, to reopen in 2022” The office tower formerly known as 666 Fifth Ave. is putting Satan — and decades of ruinous mismanagement — behind it. Having shed the devilish address for unthreatening 660 Fifth, Brookfield Properties’ 1.5 million square-foot tower between East 52nd and 53rd streets is on track…
“#The Spiral at Hudson Yards set to reach a milestone” It’s topping-off day Tuesday for The Spiral, Tishman Speyer’s $3.7 billion, 66-story Hudson Yards District skyscraper, beribboned with a band of cascading, landscaped terraces and hanging gardens. It’s a milestone for the 1,041-foot-tall tower and for Tishman Speyer President/CEO Rob Speyer, who steered the project…
“#Park Avenue $1 billion office tower nears completion” It’s stepping-out time for 425 Park Ave., the 47-story, Norman Foster-designed office tower crowned by a trident of sky-piercing, 136-feet-tall illuminated fins. More than five years since the groundbreaking, L&L Holding Co.’s $1 billion gamble on Park Avenue’s future just received its temporary certificate of occupancy from…
“#John Catsimatidis eyes Florida if Coney Island project fails” Objections to the planned expansion of a Coney Island residential real estate project could see New York City losing out to the Sunshine State yet again. Real estate developer, supermarket mogul, and former mayoral candidate John Catsimatidis is now ominously hinting that he, too, could redirect…