By signing a term sheet last week for 300,000 square feet, the General Services Administration has vaulted the LEED Gold-hopeful 1 World Trade Center past the critical 50 percent-leased threshold.
Tag Archives | LEED Gold
The news that CBRE Capital Partners has originated $61 million in financing for the LEED Gold-hopeful Riverhouse condominium project also provides a bit of backdrop to the fledgling Gidumal litigation.
In one of their rare turns in the gbNYC spotlight, Jamestown Properties is acquitting itself well. Jamestown recently announced a commitment to do up to $10 million worth of green retrofits on its entire U.S. building portfolio. Given the size of Jamestown’s $4 billion portfolio, that’s a lot of buildings, with such major New York City properties as LEED Gold-hopeful 1250 Broadway and Chelsea Market among them. While Jamestown isn’t doing this out of the goodness of its Multinational Corporate Heart — they’ll make their money back through energy savings and higher rents and sale prices — their choice carries with it a number of heartening potential effects. In the Times, Alison Gregor explains the possible curve-bending effects of Jamestown’s decision to green its fleet.
While it’s tempting to write, “if you’ve seen one luxury condominium, you’ve seen them all,” it’s probably more accurate of me to write, “if you’ve seen one Flash-driven website for a luxury condominium, you’ve seen them all.” At some point, though, all these listings kind of collapse into one — one endless state-of-the-art fitness center, one sprawling rooftop sundeck, and so dully on. But while Brooklyn’s Toren has many of the same amenities and attributes as the endless parade of luxury condos in Manhattan that fills my days, a few notable things set Toren apart. For one thing, Toren is pursuing LEED Gold certification. For another, it’s architecturally striking in the extreme, thanks to a gutsy Skidmore Owings & Merrill design. And for a third, Toren is flourishing where many cookie-cutter condos in Brooklyn and Manhattan are not. Call it real estate meritocracy, if you want. I’m just happy not to have to have to write anything about its gourmet kitchens or windowed baths or whatever.
The owner of an Indian restaurant in Midtown has filed a lawsuit against Boston Properties in connection with excavation and foundation work for the (currently suspended) LEED Gold-hopeful 250 West 55th Street project.
The Chinese real estate investment firm Beijing Vantone Industrial Co., Ltd. has formally signed its 20-year, 190,000-square-foot lease with the Port Authority at the LEED Gold-hopeful 1 World Trade Center.
It’s both symbolic and important: the LEED Gold-hopeful Freedom Tower has secured its first lease with a Chinese real estate company for nearly 200,000 square feet of office space.
At Astor Wines and Spirits, two microturbines are providing enough electricity to heat, cool, and power the store and its upstairs cooking school and gallery space.
With $2 billion in construction contracts already on the street for the $20 billion redevelopment of the World Trade Center site, Larry Silverstein calls the project a “freight train – the only way to stop it will be when all of the [LEED Gold] buildings are complete.”
The first set of microturbines to be installed under new New York City legislation authorizing their operation has been completed in Battery Park City.