A remarkable record has been set in downtown Manhattan with the lease of a penthouse at 100 Vandam. This luxurious residence has been rented for an astonishing $125,000 per month, making it the highest publicly advertised residential lease in New York City to date. While the tenant remains undisclosed, Platinum Properties agents Cyrus Eyn and …
Office tenants in today’s challenging market aren’t only interested in brand-new towers when seeking quality. The concept of “flight to quality” extends to properties built in the 20th Century that have undergone extensive reinvestment, making them “new” once again. Vornado Realty Trust recognized the potential of the once-obsolete office tower located on Seventh Avenue between …
Rosemary’s, a popular casual-Italian mini-empire, has recently signed a lease at the Durst Organization’s 825 Third Ave. This office tower, located on East 50th Street and currently undergoing a $150 million upgrade program, was chosen by Rosemary’s owner, Carlos Suarez, due to his confidence in the future of troubled Third Avenue’s commercial sector. Suarez also …
Introducing the latest addition to the already expansive amenities of the Starrett-Lehigh Building – a massive fitness center brought to you by Adidas. Spanning 15,000 square feet, the 601 Athletic Club features state-of-the-art Peloton equipment and offers a range of exclusive programming including yoga and pilates classes, a walking club, and innovative “no-cooking” cooking classes. …
In the city of San Francisco, both the commercial and residential vacancy rates have hit record highs. This has resulted in the abandonment of many large tech buildings, including Google’s massive 1.4-million-square-foot office space that remains on the market for sublease. Other notable tech companies like Meta and Roku are also attempting to sell their …
SAGA Hospitality Group, known for its thriving restaurants at 70 Pine Street that contributed to the dining boom in the Wall Street area, is now expanding its reach uptown. Led by managing partner and head chef James Kent, the group has secured a lease for a 7,000 square-foot eatery at BXP’s 360 Park Avenue South …
Despite the daunting record of Manhattan’s 21% office availability, there are a few promising signs in the market. SL Green recently sold a 49% stake in 245 Park Ave., valuing the building at a remarkable $2 billion. Additionally, Tishman Speyer and Larry Silverstein successfully refinanced their office tower at 11 W. 42nd Street with a …
In a bold move showcasing its ambitious growth, Chelsea Piers has secured a lease for 72,000 square feet of space in the upcoming apartment tower, 24-11 Jackson Ave, located in the Court Square neighborhood of Long Island City. This will mark the seventh location for Chelsea Piers Fitness in New York City and the surrounding …
West End Labs, the state-of-the-art life sciences center recently completed by Elevate Research Properties, has secured its first tenant. Graviton Bioscience, a pioneer in developing therapeutics for autoimmune diseases, has leased a substantial 30,000 square feet in this impressive 400,000 square-foot building. This spacious area will serve as Graviton’s new research and office headquarters, with …
Coming soon to the bustling intersection of Ninth Avenue and West 14th Street is an incredibly beautiful and undoubtedly expensive addition to the Meatpacking area. Tavros, a renowned development firm led by Dov Barnett and Nicholas Silvers, is nearing completion of 50 Ninth. This project consists of a collection of historic 19th Century townhouses located …