Miracle on 54th street

Miracle on 54th street
By STEVE CUOZZO

Last Updated: 1:31 AM, April 30, 2013

Posted: 11:50 PM, April 29, 2013

We still remember when Douglas Durst was telling us of his envisioned 1 Bryant Park — which was then a hole in the ground at Sixth Avenue and 42nd Street — “Our rents will have a ‘1’ in front of them.”

Now, two new $100-plus per square foot leases have brought the 2.1 million square-foot tower, which is home to Bank of America, to a more than 99.9 percent occupancy rate.

Hedge fund QFR, which had 13,000 square feet on the 37th floor, has now added another 20,227 square feet on the same floor.

Cushman & Wakefield’s Jared Horowitz repped the tenant.

Ascot Underwriting Inc. took a 5,764 square-foot prebuilt on the 40th floor, which was repped by CBRE’s Michael Rizzo and Zachary Price.

Durst’s in-house leasing chief Tom Bow repped the landlord on both of these deals.

He confirmed the triple-digit rents.

scuozzo@nypost.com

Publication New York Post
Date 2013-04-30
Author Steve Cuozzo