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
Durst Organization scores new Empire State Development HQ at 655 Third Ave
In another boost for the Durst Organization’s Third Avenue portfolio, the Empire State Development Corp. is moving its headquarters to 655 Third Ave The just-signed lease for 117,181 square feet might be Midtown’s largest new lease so far this year. ESDC will fill five full floors in the 30-story, 425,000 square-foot tower. The space was previously home to Mitsubishi, which moved to Durst’s 151 W. 42nd St., the former Four Times Square. The asking rent was $69 per square foot. The powerful state agency is leaving 633 Third Ave. where it has about the same amount of space. Once a…
Date 2023-08-06
Author Steve Cuozzo
Op-ed: Reports of the death of the office are greatly exaggerated
Everywhere I go, people ask if the New York City office market is doomed, offering me sympathetic looks The gloomy sentiment is not surprising. Headlines have promoted doomsday predictions about the health of the office sector. A real estate industry conference even recently kicked off a panel discussion posing the question: “Is the office market f**ked?” Kastle, a building security provider, posts a weekly “back to work barometer" that would have you believe that every office building in New York is half empty. It’s a flawed and misleading data point based only on a segment of buildings in which they…
Date 2023-07-28
Author David Neil
Farm-to-table Italian restaurant Rosemary’s to open third location
Italian restaurant Rosemary’s is planning to open a new location, at 825 Third Ave., later this year. The farm-to-table establishment recently signed a lease for 6,000 square feet at the Durst Organization’s 530,000-square-foot office tower currently undergoing renovations at the address Rosemary’s third location will consist of a 140-seat indoor dining room and bar, and a 50-seat outdoor space. The restaurant’s management said the new spot will be open from breakfast to dinner and will also include a grab-and-go counter that will serve coffee, pastries and sandwiches. News of the restaurant group behind Rosemary’s latest endeavor was first reported in…
Date 2023-07-28
Author Mario Marroquin
Italian Spot Rosemary’s Opening Outpost at 825 Third Avenue
This Italian eatery recently featured in the “Sex and the City” reboot is setting up a Midtown East outpost Rosemary’s is opening a new location at the foot of The Durst Organization’s 825 Third Avenue after signing a 3,000-square-foot lease, the New York Post first reported. Rosemary’s Midtown East location will be its third in New York City. The latest spot is scheduled to open by the end of 2023 with indoor and outdoor seating in the corner retail space, according to the landlord. Asking rent was $250 per square foot and the lease was for 20 years, according to…
Date 2023-07-28
Author Mark Hallum