CTC Lease Brings Durst’s One Five One to 97% Occupancy
CTC (Chicago Trading Company) has signed a 15-year lease for 68,339 square feet on the 36th and 37th floors of the Durst Organization’s One Five One W. 42nd St. The trading firm is moving its office from 1120 Ave. of the Americas “One Five One is providing CTC with the space to collaborate and foster creativity and, ultimately, giving them a critical edge in their competitive business,” said Jonathan (Jody) Durst, president of The Durst Organization. “With the last two full floors leased by CTC, One Five One is now 97% leased and helping to lead our city’s rebound from…
Date 2022-07-14
Author Paul Bubny
Durst Just About Done Leasing Up Condé Nast's Former Times Square Tower
The Durst Organization has found a tenant for the last two full floors available at its Times Square office building One Five One Chicago Trading Co. has taken 68K SF in the building, previously known as 4 Times Square, across the 36th and 37th floors. The deal is for 15 years, Durst said in a statement. CTC is leaving 1120 Sixth Ave. for the space, which had an asking rent of $112 per SF, the New York Post reported. The building is now 97% leased, the landlord said. The deal is the office leasing equivalent of reaching a peak after…
Date 2022-07-14
Author Miriam Hall
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