Asset manager's deal at Times Square office tower brings building above 92% leased
Asset manager Varagon Capital Partners has taken a full floor at 151 W. 42nd St., where it will move its New York offices The deal brings the Times Square skyscraper — called One Five One — up to more than 92% leased, according to a spokesperson at The Durst Organization, which owns the property. Varagon signed a five-year lease for 31,500 square feet on the 53rd floor. It will relocate its offices from 299 Park Ave., less than a mile from One Five One. The building, where retailer H&M has a store on the ground floor, has massive H&M signs…
Date 2022-03-21
Author Liz Young
The Durst Organization Unveils Plans For New Sven Park
The Durst Organization (Durst) unveiled on March 10 plans for Sven Park, a new half-acre public park in the heart of Long Island City. The dynamic new green space will include a range of features, from a playground and dog runs, to workout facilities and swinging benches where park-goers can unwind. Located next to Sven, The Durst Organization’s newest luxury residential tower that launched leasing in November, the park will be open to the public and provide an additional amenity for residents of Queens’ second- tallest tower. The park is expected to open early next year The park, designed by…
Author Queens Gazette
Asset Manager Varagon Takes 32K SF at Durst’s One Five One
Asset manager Varagon Capital Partners inked a deal for a full floor at the Durst Organization’s One Five One, Commercial Observer has learned Varagon snagged 31,515 square feet on the 53rd floor of the building and will relocate from its slightly smaller offices at 299 Park Avenue, according to Durst. Asking rent was $110 per square foot in the five-year deal. “[Varagon] felt comfortable taking a little more space in this building for the next five years,” said Durst’s Rocco Romeo, who brokered the deal for the landlord in-house alongside Tom Bow and Tanya Grimaldo. “Varagon actually has a short-term…
Date 2022-03-18
Author Celia Young
The Green Building That’s Flunking New York’s Climate Law
On the corner of 42nd Street and Sixth Avenue in Manhattan, Pete Sikora gazes up at a glass-enclosed tower that twists with unexpected grace as it rises 51 stories into the sky. Sikora is director of climate and inequality campaigns at New York Communities for Change, an activist organization. On this breezy September day, however, he’s posing as an energy specialist in the hopes of gathering intelligence about the skyscraper, One Bryant Park, also known as the Bank of America Tower in honor of its primary tenant Tall and bespectacled with the mischievous air of a professional agitator, Sikora says…
Date 2022-03-14
Author Devin Leonard
New Public Park Coming to Queens Plaza in Long Island City
Residents living in the densely populated area of Queens Plaza will soon be getting a new public park The park, which will be around a half-acre in size, will open early next year next to Sven, a 71-story luxury building located in the Queens Plaza section of Long Island City. Sven has a unique curved shape façade and wraps around the historic Clock Tower at 29-59 Northern Blvd. It is the second tallest building in Queens —with the Skyline Tower being the tallest. The new green space will be situated at the rear of Sven and will feature a playground,…
Date 2022-03-14
Author Michael Dorgan