Mayor Eric Adams’ attempt to address the excessive number of sidewalk scaffolding in the city is turning into a farce. It has been revealed that NYCHA, the city’s public housing authority, has more long-standing sheds than any private landlord, totaling 26 miles in length. But the issue of never-ending, city-owned scaffold eyesores does not stop …
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 summer of 2022, the office tower at 787 Seventh Avenue, spanning 1.7 million square feet, had an occupancy rate of less than 20%. However, recent developments show a significant improvement in the building’s occupancy. According to Howard Fiddle, the leasing agent for 787 Seventh, the building is now “mostly full except on Fridays,” …
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 …
Experience the ultimate luxury on the hyper-competitive Hamptons summer scene with an extraordinary amenity from Curtis Bashaw’s Cape Advisors. Prepare to be captivated by a delightful boat ride, free for guests, between two magnificent resorts. In a never-before-seen offering on the East End, the charming Scout XSF 215 will transport you from the elegant Baron’s …
The iconic GM Building located at 767 Fifth Avenue is going the extra mile to cater to its technology-driven tenants. In addition to being home to the renowned Apple Cube, the building now boasts a new 35,000 square-foot amenities center on its second floor, called Savoy Club. Within this expansive space, tenants have access to …