{"id":332141,"date":"2021-08-30T00:42:13","date_gmt":"2021-08-29T21:42:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/one-world-trade-center-reaches-deal-for-entire-floor\/"},"modified":"2021-08-30T00:42:13","modified_gmt":"2021-08-29T21:42:13","slug":"one-world-trade-center-reaches-deal-for-entire-floor","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/one-world-trade-center-reaches-deal-for-entire-floor\/","title":{"rendered":"#One World Trade Center reaches deal for entire floor"},"content":{"rendered":"<p>&#8220;<strong>#One World Trade Center reaches deal for entire floor<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<div class=\"inline-module inline-module--columnist inline-module--author\">\n<div class=\"inline-module--author__img\">\n            <img decoding=\"async\" width=\"76\" height=\"69\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/steve-cuozzo.png?w=76&amp;h=69&amp;crop=1\" class=\"attachment-nyp_columnist size-nyp_columnist\" alt=\"Steve Cuozzo\" loading=\"lazy\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/steve-cuozzo.png 76w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2013\/08\/steve-cuozzo.png?w=38 38w\" sizes=\"auto, (max-width: 76px) 100vw, 76px\"\/><\/div>\n<\/div>\n<\/aside>\n<p>Cooperation among the owners of One World Trade Center, Advance Communications and JLL to find users for some of Cond\u00e9 Nast\u2019s space in the tower has resulted in a second substantial deal.<\/p>\n<p>JLL, Advance\u2019s leasing agent,\u00a0just completed a 48,000-square-foot sublease for digital marketing specialists Constellation Agency on the tower\u2019s entire 21st floor. <\/p>\n<p>It followed a 40,000-square-foot deal for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a> in the publisher\u2019s no-longer-needed space. Advance, parent of Cond\u00e9 Nast, plans to unload 400,000 of its total 1.1 million square feet.\u00a0<\/p>\n<p>The asking rent for the Cond\u00e9 sublease space is in the $60s per square foot, The Post reported earlier this month.<\/p>\n<p>As we first reported on Aug. 1, peace broke out between Advance and the Durst Organization, the tower\u2019s managing and leasing agent, after the media giant dropped its threat to leave and also paid nearly $10 million for four months\u2019 back rent.<\/p>\n<p>The settlement included Durst\u2019s agreement to \u201ccollaborate\u201d with JLL on Advance\u2019s sublease effort by being flexible and helping to \u201cfacilitate\u201d any deals. It was understood that Durst\u2019s cooperation would cut red tape and shorten the time for landlord <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval of subtenancies.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/peter-riguardi-jll.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Peter Riguardi speaking\" class=\"wp-image-19282212\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/peter-riguardi-jll.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/peter-riguardi-jll.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/peter-riguardi-jll.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>JLL tristate\u00a0President Peter Riguardi represented Durst and the Port Authority in the One World Trade Center deal.<\/figcaption><figcaption><span class=\"credit\">Paul Bruinooge\/Patrick McMullan<\/span><\/figcaption><\/figure>\n<p>Constellation, which will move from 110 William St. nearby, offers tech-enabled marketing and creative services through a proprietary advertising engine. The company provides a hybrid approach to advertising through internal and client-facing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> tools.<\/p>\n<p>JLL tristate\u00a0President Peter Riguardi said that the still-available Advance space at One World Trade \u201cprovides tenants with significant flexibility, spectacular views and access to abundant amenities.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-1.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"One World Trade Center entrance seen at street level\" class=\"wp-image-19282217\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-1.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-1.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-1.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Reddit cut an earlier deal for office space in One World Trade Center, seen here at street level.<\/figcaption><figcaption><span class=\"credit\">Christian Johnston for NY Post<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Security guards standing near turnstiles inside One World Trade Center\" class=\"wp-image-19282222\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tenants must pay $60 or more per square foot to lease space in One World Trade Center.<\/figcaption><figcaption><span class=\"credit\">Gregory P. Mango for NY Post<\/span><\/figcaption><\/figure>\n<p>Riguardi and JLL\u2019s Joseph Messina and Steven Rotter represented tower owners Durst and the Port Authority. Cushman &amp; Wakefield\u2019s Dale Schlather and Greg Herman acted for Constellation.<\/p>\n<p>***<\/p>\n<p>The main finding of the Partnership for New York City\u2019s revised survey of how many employees would return to their offices this fall was widely reported \u2014 namely, that 41 percent would be back after Labor Day, down from a pre-Delta estimate of 62 percent last May.<\/p>\n<p>But some intriguing details went mostly overlooked. Among them:<\/p>\n<p>* The real estate industry, perhaps not surprisingly, accounts for the highest percentage of employees in their offices \u2014 85 percent, up from 70 percent in May.<\/p>\n<p>* In financial services, 29 percent of employees were at their office terminals, up from 14 percent.<\/p>\n<p>* Large companies with 5,000-plus employees contributed most to the summer\u2019s overall physical-occupancy uptick \u2014 climbing from 8 percent in late May to 25 percent in late August.<\/p>\n<p>Currently, Manhattan office buildings are only about 21 percent occupied, although rent is\u00a0being paid on 95 percent of space, according to major landlords and industry analysts.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/jessica-lappin.jpg?quality=90&amp;strip=all\" alt=\"Jessica Lappin\" class=\"wp-image-19282244\" width=\"276\" height=\"415\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/jessica-lappin.jpg?quality=90&amp;strip=all&amp;w=276 276w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/jessica-lappin.jpg?quality=90&amp;strip=all&amp;w=138 138w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/jessica-lappin.jpg?quality=90&amp;strip=all 396w\" sizes=\"auto, (max-width: 276px) 100vw, 276px\"\/><figcaption>Alliance for Downtown President Jessica Lappin says Lower Manhattan has regained tenants.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>The Partnership projected that 76 percent of employees would be back by January, based on a survey of companies. But that of course could be chopped should another dangerous variant emerge. Nervous landlords are crossing fingers that it won\u2019t.<\/p>\n<p>***<br \/>How badly did Lower Manhattan empty of residents after the pandemic struck?<\/p>\n<p>Very badly at first, according to some revealing new data from the Alliance for Downtown \u2014 but an ongoing rebound is gradually putting life back on the streets.<\/p>\n<p>Of 64,000 pre-pandemic residents in the Alliance\u2019s territory (which roughly extends to Chamber Street but doesn\u2019t include Battery Park City), about 40 percent moved away starting in March 2020, according to cell phone data obtained by the organization.<\/p>\n<p>But today, the live-in population \u201cis currently nearing daily levels seen in early 2020,\u201d the Alliance report said.<\/p>\n<p>Alliance\u00a0President Jessica Lappin further clarified, \u201cAs of July we were back to nearly 84 percent.\u201d<\/p>\n<p>There\u2019s still a way to go, but the return trend bodes well for the district where office vacancy of nearly 20 percent is the highest of any Manhattan commercial zone.<\/p>\n<p>***<\/p>\n<p>In another deal negotiated by JLL, Dutch global payment platform Adyen is taking 30,415 square feet on the tenth floor and penthouse at 71 Fifth Ave., moving and expanding from 18 E. 16th St.<\/p>\n<p>Landlord Madison Capital was repped by a JLL team headed by Mitchell Konsker, Dan Turkewitz and Benjamin Bass. Adyen was repped by Transwestern\u2019s Rory Murphy and Thomas Hines.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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JLL, Advance\u2019s leasing agent,\u00a0just completed a 48,000-square-foot sublease for digital marketing specialists Constellation Agency&#8230;<\/p>\n","protected":false},"author":1,"featured_media":332142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/one-world-trade-3.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[115070,92900,72881,72161,71220,5005],"class_list":["post-332141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-29-21","tag-advance-publications","tag-commercial-real-estate","tag-conde-nast","tag-lower-manhattan","tag-reddit"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/332141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=332141"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/332141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/332142"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=332141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=332141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=332141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}