Asset Manager Varagon Takes 32K SF at Durst’s One Five One
Asset manager Varagon Capital Partners inked a deal for a full floor at the Durst Organization’s One Five One, Commercial Observer has learned Varagon snagged 31,515 square feet on the 53rd floor of the building and will relocate from its slightly smaller offices at 299 Park Avenue, according to Durst. Asking rent was $110 per square foot in the five-year deal. “[Varagon] felt comfortable taking a little more space in this building for the next five years,” said Durst’s Rocco Romeo, who brokered the deal for the landlord in-house alongside Tom Bow and Tanya Grimaldo. “Varagon actually has a short-term…
Date 2022-03-18
Author Celia Young
The Green Building That’s Flunking New York’s Climate Law
On the corner of 42nd Street and Sixth Avenue in Manhattan, Pete Sikora gazes up at a glass-enclosed tower that twists with unexpected grace as it rises 51 stories into the sky. Sikora is director of climate and inequality campaigns at New York Communities for Change, an activist organization. On this breezy September day, however, he’s posing as an energy specialist in the hopes of gathering intelligence about the skyscraper, One Bryant Park, also known as the Bank of America Tower in honor of its primary tenant Tall and bespectacled with the mischievous air of a professional agitator, Sikora says…
Date 2022-03-14
Author Devin Leonard
New Public Park Coming to Queens Plaza in Long Island City
Residents living in the densely populated area of Queens Plaza will soon be getting a new public park The park, which will be around a half-acre in size, will open early next year next to Sven, a 71-story luxury building located in the Queens Plaza section of Long Island City. Sven has a unique curved shape façade and wraps around the historic Clock Tower at 29-59 Northern Blvd. It is the second tallest building in Queens —with the Skyline Tower being the tallest. The new green space will be situated at the rear of Sven and will feature a playground,…
Date 2022-03-14
Author Michael Dorgan
See renderings of the new public park coming to Long Island City
While Long Island City has gorgeous views of the East River and Manhattan skyline, many of its residents are subject to views of construction and industrial activities. Every bit of green space is needed in LIC, and thankfully, more of it is on the way Sven Park is a new half-acre public park located next to Sven, The Durst Organization’s newest luxury residential tower that launched leasing in November. Technically, the park will be in the Dutch Kills neighborhood, which has the smallest amount of park space per capita of any neighborhood in Queens, according to The Durst Organization. "In…
Date 2022-03-11
Author Shaye Weaver
New Public Park Included In Long Island City Tower: See It
LONG ISLAND CITY, QUEENS — The new 67-story apartment tower recently completed at Queens Plaza will also include a small public park, developers revealed Thursday Sven, a 762-foot-tall luxury rental building, stands complete at the corner of Queens Plaza and Northern Boulevard, featuring a distinctive design that curves around the landmark Chase Manhattan Bank building. Right behind the building, facing Northern Boulevard, will be a half-acre public park with a playground, dog runs, workout equipment and swinging benches, according to The Durst Organization, which built the tower. It is expected to open in early 2023. Designed by the landscape architecture…
Date 2022-03-11
Author Nick Garber