The Sixth Annual Power 100

The Power 100

By The Editors 4/24 4:04pm

The Sixth Annual Power 100

(4). Douglas and Jody Durst (5)

Chairman and President - Durst Organization

The biggest lease of the past 12 months was consummated on July 18, when the General Services Administration took 270,000 square feet at The Durst Organization’s 1 World Trade Center. The GSA was the tower’s third tenant and vaulted it past 50 percent occupancy, a happy if belated milestone. The cousins Durst did not insert themselves into that prolix transaction in the style of Senator Chuck Schumer and his Beltway opponents. Still, they continued to lord over marquee properties like the Bank of America Tower and 4 Times Square. The latter will lose Conde Nast when it moves to 1 WTC, but the 1.8-million-square-foot property will gain a 43,000-square-foot H & M, which signed a lease last fall. Famously eco-friendly, Messrs. Durst will surely have an expanded platform on which to discuss ideas like co-generator power in the wake of Superstorm Sandy.