If 3D printing is indeed the wave of the future, New York City is riding out in front of the curve thanks to two recent leases with a Netherlands-based custom 3D-printing manufacturer.
With $400 million in financing secured from Bank of America and a Middle East wealth fund, Related is ready to break ground on the first commercial office tower at its 300-acre Hudson Yards project, which will be home to Coach and seek a LEED Platinum rating from USGBC.
The U.S. General Services Administration has, finally, formally signed its 20-year, 270,000-square-foot lease for six floors (50 through 55) at the LEED Gold-hopeful 1 World Trade Center: rent is rumored to be in the low $50s per square foot.
A year ago, green was the “key” for LinkedIn’s 25,000-square-foot lease at the world’s most famous office building. Now, the social network is expanding by 10,000 square feet in a 6-year deal that will start next February.
Houston-based Hines has secured construction financing that will allow it to proceed with 7 Bryant Park, a 28-story LEED-hopeful trophy office tower in Midtown.
The LEED for Core and Shell Gold 148 Lafayette Street – which dates from 1913 – has been sold to the real estate investment firm EPIC for approximately $850 per square foot.
In deals totaling 130,000 square feet, two tenants have agreed to anchor a new Green Manufacturing Center at the Brooklyn Navy Yard, an effort that the city hopes will help spur manufacturing and innovation within the environment-friendly technology sector.
Edward Minskoff’s Fumihiko Maki-designed 51 Astor Place is close to landing its first tenant: Hult International Business school is in discussions to lease the entire second floor of the 12-story, 400,000-square-foot tower in what would be a 55,000-square-foot deal mandated by the site’s zoning requirements.
What’s most interesting about two recent deals totaling 12,400 square feet at 7 WTC is that at least one of the tenants was attracted to the building’s LEED rating, in addition to its stunning views and Downtown location.
Although the tower doesn’t sport a LEED or an Energy Star label – yet – a recent deal at Malkin Properties’ historic 250 West 57th Street is notable for a number of important reasons.