NYC landlords luring workers back to offices with pickleball, golf simulators, arcade games and gourmet food
Durst's One World Trade Center boasts a 64th-floor Sky Lobby with a showpiece pool table as well as lounges and snack bars for Conde Nast and other big-name tenants.
Date 2024-03-20
Author Steve Cuozzo
2024 Power Players in Real Estate: Douglas Durst
<b>Douglas Durst</b> <b>Chairman, The Durst Organization</b> Douglas Durst is the chairman of The Durst Organization. Under the leadership of Douglas and his cousin Jody, Durst built premier towers including 151 West 42nd Street, which was recognized as the nation’s first green skyscraper, and One Bryant Park, the first LEED Platinum high-rise office tower. Today, the company owns, manages, and operates a 13 million-square-foot office portfolio and 3,400 residential rental units. <b>Is there a project you are excited to work on or see completed in 2024?</b> I’m most excited about 825 Third Avenue. We originally built the tower in 1969. When…
Author Politics NY
Burger & Lobster Unveils Redesigned Bryant Park Location With Exciting Menu Additions
Burger & Lobster, the acclaimed London restaurant known for its dedication to perfecting the craft of burgers and lobsters, just reopened its Bryant Park location at 132 W 43rd Street, a property of The Durst Organization, following a major renovation and rebrand program.
Author CityBiz
Newcomers to Manhattan Retail Market Dominate Leasing Momentum
Retail leasing in some of the best shopping corridors in Manhattan is hitting capacity, and that can only be good for the market in the surrounding neighborhoods While generous concessions to tenants — such as flexible lease terms and up to six months of free rent — are still major factors cutting into landlords’ bottom lines, the reality is that the demand has only gained momentum coming out of the pandemic, according to CBRE. And dominating the upward trend between 2020 and 2023 has been retailers entering the New York City market for the first time. More than 1.56 million…
Date 2024-03-12
Author Mark Hallum
Sixth Avenue reclaims title as Midtown’s No. 1 office-leasing corridor
Sixth Avenue has reclaimed its title as Midtown’s No. 1 office-leasing corridor, as measured by the least percentage of vacant space — the latest lead change in the never-ending bragging-rights battle with Park Avenue Colliers reports that Sixth Avenue’s fourth-quarter occupancy at 11.5% of space available was the lowest of any Midtown corridor and slightly bested Park Avenue’s 11.8%. The eensy edge now enjoyed by what only tourists call the “Avenue of the Americas” might not matter much. But we expect grumping from Park Avenue landlords who turn downright defensive every time we say nice things about Sixth, claiming we…
Date 2024-03-10
Author Steve Cuozzo