Chicago Trading Company Plans New York Office Relocation to Renovated Times Square Tower
Chicago Trading Company, a proprietary trading firm, is moving its New York office to a renovated tower in Times Square, making the building almost fully leased. It’s the latest sign of overhauled top-tier office buildings having a better shot at attracting tenants even as the market sits at record-high vacancies Chicago Trading Company, or CTC, signed a 15-year lease spanning 68,339 square feet on the 36th and 37th floors at 151 W. 42nd St. between Sixth Avenue and Broadway, taking up the last two available full floors, landlord The Durst Organization said Monday in a statement. The asking rent was…
Date 2022-07-14
Author Andria Cheng
Durst Organization’s Times Square tower fills last vacancy
The Durst Organization’s One Five One West 42nd Street – not long ago known as Four Times Square – took a big step toward a return to full occupancy with a new lease for Chicago Trading Company The firm just signed for 68,339 square feet on floors 36 and 37, which were the last two full-floor availabilities in the 52-story, 1.7 million-square-foot tower that was empty after its two original tenants, Conde Nast and Arps, moved out a few years ago. The deal marks a big Manhattan expansion for CTC, which is leaving behind only about 10,000 square feet at…
Date 2022-07-14
Author Steve Cuozzo
What Are You Paying For? Amenities We Love to See and Wish We Had More Of
Everyone knows that New York City apartments can be expensive, but most people consider it to be a worthwhile burden of city life. Some people pay to be in a specific location, others pay for square footage and outdoor space. However, there’s one thing every New Yorker is willing to pay a little extra for, and those are amenities. Building amenities can be pretty standard, like a laundry room, or they can be lavish, like the media rooms that have been popping up in luxury buildings. There are even some amazing amenities that barely anyone has! So let’s take a…
Date 2022-07-01
Author Russelll Poole
Durst megaproject in LIC offers fresh insights on city’s rental, office markets
Was trying to wait out the pandemic a smart development strategy That's the question on the verge of getting answered at Sven, a massive new rental project in Long Island City from the Durst Organization. Rather than cut Sven's ribbon in the spring of 2021—and possibly end up renting its apartments at less-than-ideal prices—Durst decided to delay marketing until the fall in hopes of the market improving by then. It's still too soon to know whether that was a wise bet. Sven, which offers 958 studios to three-bedrooms by the Ed Koch-Queensboro Bridge, likely won't be fully leased until the…
Date 2022-06-22
Author C.J. Hughes
Hive mind: Birds and bees become haute amenities at NYC condo buildings
Let’s talk about the birds and the bees … of residential real estate The latest spin on green amenities is landscaped areas with beehives that produce honey for residents and spaces that attract migratory birds. “Now, instead of just having pretty gardens for residents to spend time in, buildings are being more deliberate about the kind of nature experiences they offer,” said Corcoran real estate agent Tara King-Brown. “[Birds and bees] should be celebrated because they’re signs that warmer weather is ahead.” First to the bees. New York City had 326 registered hives in 2020, according to city’s Department of…
Date 2022-06-10
Author Shivani Vora