THE DURST ORGANIZATION AND PEACEFUL GARDENER LLC PARTNER FOR A GREENER ASTORIA AT HALLETTS POINT
The Durst Organization is partnering with local Astoria organization Peaceful Gardener LLC to expand sustainable initiatives at its Halletts Point development. At 10 Halletts Point, which opened in 2019, Peaceful Gardener assisted with the installation and maintenance of landscaping of the rooftop terraces. As Durst works on the next phase of the project, with two buildings currently under construction, Peaceful Gardener will be planting and maintaining trees, shrubs, flowers, and other vegetation along the Waterfront Esplanade “This is a significant demonstration of The Durst Organization’s commitment to the cultivation of community-based collaborations that support job creation, small business growth, inclusion,…
Author The Durst Organization
Durst inks 117K-square-foot lease for new Empire State Development HQ
The Durst Organization has landed a major new tenant for one of its Third Avenue properties Empire State Development, a government agency focused on economic development and financing, has inked a lease for 21 years and six months spanning about 117,000 square feet at 655 Third Ave., which will serve as its new city headquarters. The asking rent was $69 per square foot. The agency will occupy five full floors of the building, and its lease will encompass more than a quarter of the property, which stands 30 stories tall and spans 425,000 square feet. ESD is moving to the…
Date 2023-08-08
Author Eddie Small
New York City has to build more housing to grow: Constructing new apartments is the only way to solve the problem
New York City is facing a worsening housing crisis. Decades of restrictive public policy including a regressive property tax system that discourages rental housing development, profligate landmarking, and onerous public approvals coupled with rising land and construction costs has resulted in lackluster housing production Simultaneously, New York has remained a beacon for talented and ambitious people. Population and jobs have grown at an enviable rate. The result is that demand far outstrips supply, driving up rents and creating housing scarcity. The city must build half a million new rental apartments by 2030 — and we are not even close to…
Date 2023-08-07
Author Douglas Durst
EMPIRE STATE DEVELOPMENT LEASES FIVE FULL FLOORS AT THE DURST ORGANIZATION’S 655 THIRD AVENUE TOTALING 117K SQUARE FEET
New York, NY (August 7, 2023) –The Durst Organization today announced that Empire State Development (ESD) has chosen 655 Third Avenue for its New York City headquarters. ESD, New York State’s economic development and financing agency, is taking five full floors of the building totaling 117,181 square feet, marking one of the largest new leases in Midtown this year “We are proud that Empire State Development has chosen 655 Third Avenue for its New York City headquarters. 655 Third Avenue has a prime location one block from Grand Central Terminal, offering unparalleled access to transit and convenience in New York…
Author The Durst Organization
Durst Signs State Agency To One Of Biggest Midtown Leases Of 2023
Empire State Development is leasing five full floors at Durst Organization’s 655 Third Ave. office tower, a major boost for the city’s muted office market The deal is for 117K SF, Durst announced in a press release. The economic development agency will take space on the second through sixth floors of the 30-story building. ESD's rent wasn't made public. It plans to move its New York City headquarters down the street from Rudder Property Group’s 633 Third Ave., where it leases roughly the same amount of space, a spokesperson said. "We are proud that Empire State Development has chosen 655…
Date 2023-08-07
Author Miriam Hall