Chicago Trading Company Takes 69K SF at Durst’s One Five One
Chicago Trading Company (CTC) is trading up with a deal for a 68,339-square-foot office at the Durst Organization’s One Five One The trading firm’s 15-year deal fills the last two full floors that Skadden, Arps, Slate, Meagher & Flom abandoned when it left the tower at 151 West 42nd Street for Hudson Yards in 2019, the New York Post first reported. Asking rent was $110 per square foot, according to the landlord. CTC will move from about 10,000 square feet at the Hippodrome Building to the 36th and 37th floors of the nearby 48-story One Five One starting at the…
Date 2022-07-14
Author Celia Young
What Are You Paying For? Amenities We Love to See and Wish We Had More Of
Everyone knows that New York City apartments can be expensive, but most people consider it to be a worthwhile burden of city life. Some people pay to be in a specific location, others pay for square footage and outdoor space. However, there’s one thing every New Yorker is willing to pay a little extra for, and those are amenities. Building amenities can be pretty standard, like a laundry room, or they can be lavish, like the media rooms that have been popping up in luxury buildings. There are even some amazing amenities that barely anyone has! So let’s take a…
Date 2022-07-01
Author Russelll Poole
Durst megaproject in LIC offers fresh insights on city’s rental, office markets
Was trying to wait out the pandemic a smart development strategy That's the question on the verge of getting answered at Sven, a massive new rental project in Long Island City from the Durst Organization. Rather than cut Sven's ribbon in the spring of 2021—and possibly end up renting its apartments at less-than-ideal prices—Durst decided to delay marketing until the fall in hopes of the market improving by then. It's still too soon to know whether that was a wise bet. Sven, which offers 958 studios to three-bedrooms by the Ed Koch-Queensboro Bridge, likely won't be fully leased until the…
Date 2022-06-22
Author C.J. Hughes
Hive mind: Birds and bees become haute amenities at NYC condo buildings
Let’s talk about the birds and the bees … of residential real estate The latest spin on green amenities is landscaped areas with beehives that produce honey for residents and spaces that attract migratory birds. “Now, instead of just having pretty gardens for residents to spend time in, buildings are being more deliberate about the kind of nature experiences they offer,” said Corcoran real estate agent Tara King-Brown. “[Birds and bees] should be celebrated because they’re signs that warmer weather is ahead.” First to the bees. New York City had 326 registered hives in 2020, according to city’s Department of…
Date 2022-06-10
Author Shivani Vora
Consumer Reports signs lease for first Manhattan office
Consumer Reports has signed a two-year lease for a 8,189 square-foot office at the Durst Organization’s 675 Third Ave. The teeny-tiny lease is notable because it will be the first time the venerable product- and service-testing organ has ever had a Manhattan office. The satellite location in the recently upgraded tower will give Consumer Reports staff easy access to their Yonkers headquarters via Metro North from nearby Grand Central Terminal.
Date 2022-06-01
Author Steve Cuozzo