Silverstein Properties is set to open the future home of the Port Authority of New York and New Jersey at 150 Greenwich Street, marking a historic first for the redevelopment of the World Trade Center site.
Archive | Market Analysis
Penn 2023: Making the Case for a New Penn Station, MSG, & Midtown West
By Stephen Del Percio on October 23, 2013 in Hudson Yards, Manhattan, Market Analysis, Midtown West, New York City, Urban Planning
The first in a series of reports from the Alliance for a New Penn Station begins building a strong case for a new Midtown West anchored by a twenty-first century, regional mass transit hub where Madison Square Garden stands today.
The Top 5 Issues For Technology Companies Leasing Office Space in New York City
By Stephen Del Percio on October 17, 2013 in Leases, LEED-CI, Market Analysis, New York City, Transactions
Commercial office leasing is a topic that stands on its own, but there are specific issues that technology companies should consider carefully when leasing office space in New York City. Here are our top five, which cut across green topics in several important ways.
Big Tower, Small Spaces: 1 WTC to Subdivide 2 Full Floors for 18 Office Tenants
By Stephen Del Percio on September 29, 2013 in 1 World Trade Center, Financial District, Leases, LEED-NC, Manhattan, Market Analysis, New York City, Transactions, World Trade Center
In an effort that could fuel more leasing activity at the LEED Gold-hopeful 1 World Trade Center, the Durst Organization has announced that two full floors of the 104-story tower will be subdivided to accommodate 18 smaller office tenants.
In Midtown, Two More Class A Office Buildings Earn LEED-EB: OM Certification
By Stephen Del Percio on September 25, 2013 in Energy Star, LEED-EB, Manhattan, Market Analysis, Midtown, New York City, Plaza District
Two more high profile, Class A Midtown office buildings have earned LEED-EB: OM certification from USGBC, pushing New York City’s total number of LEED-EB ratings to nearly 50.
WTC Construction Update: With Transit Hub on Horizon, Office Towers, Museum to Open By 2014
By Stephen Del Percio on September 10, 2013 in 1 World Trade Center, 3 World Trade Center, LEED-NC, Manhattan, Market Analysis, New York City, World Trade Center
By November, the first of the four office buildings that will make up the new World Trade Center will be finished, with 1 WTC to follow in early 2014. Let’s take a quick look at where construction and development efforts stand across the rest of the site.
Big, Bright, & Green: A Closer Look at the Future of Midtown West
By Stephen Del Percio on August 22, 2013 in Hudson Yards, LEED-NC, LEED-ND, Manhattan, Market Analysis, Midtown West, New York City, Urban Planning
Hudson Yards, Manhattan West, and associated infrastructure and transit improvements will transform the far West Side of Manhattan for good. Two recent panels discussed and revealed some important new insights on these two enormous projects, which will have wide-ranging effects on New York City’s real estate and construction industries.
IMT & RILA’s Industry Primer Takes Aim At Defining Retail Green Leasing
A new green leasing tool from the Institute for Market Transformation and the Retail Industry Leaders Association has the ambitious goal of beginning to disseminate green leasing practices within the retail industry, which has generally lagged behind office markets in implementing sustainability within leasing documents.
On West 43rd Street, Tech Firm Quickly Expands at Former New York Times Building
By Stephen Del Percio on August 11, 2013 in Historic Preservation, Leases, Manhattan, Market Analysis, New York City, Times Square, Transactions
In a transaction that highlights the continued attraction of Times Square for tech industry firms, the software company 10gen is already exercising its option to expand at the historic former New York Times headquarters building at 229 West 43rd Street.
The Top Five Possible Locations for a New Madison Square Garden
By Stephen Del Percio on July 29, 2013 in Hudson Yards, Manhattan, Market Analysis, Midtown West, New York City, Opinion, Urban Planning, Zoning
If the City Council gets its way and Madison Square Garden is forced to move to accommodate a new Penn Station, here are five of the most likely destinations for what would be a fifth iteration of the World’s Most Famous Arena.
