Commercial Observer's Power 100: #7 Douglas Durst and Jonathan “Jody” Durst, Chairman; President at The Durst Organization. Last year's rank: 9
After months without any sizable Manhattan leases signed, the Durst Organization provided a beacon of hope for Gotham when TikTok took 232,000 square feet at One Five One in May 2020 While Durst lost two other potential tenants in the building due to concerns about the coronavirus pandemic, that didn’t stop the TikTok deal. But it did almost fall through when President Donald Trump tried to get the social media network banned in the U.S. “That was a nail-biter for month after month as to what was going to happen,” Douglas Durst said. “Finally, it just sort of disappeared.” TikTok…
Date 2021-05-20
Author The Editors
New Renderings Released For 300 North Columbus Boulevard In Old City, Center City
New renderings have been released for 300 North Columbus Boulevard via a Civic Design Review submission, giving an updated look at the high-rise that will stand just to the north of the Benjamin Franklin Bridge. The structure will rise 28 stories and 316 feet tall, and will be located on the north side of the Old City neighborhood, near the boundary of Center City and Northern Liberties to the north, where several projects underway and many proposals have been revealed. The building was designed by Handel Architects, which had also designed the 805-foot Madison House at 15 East 30th Street…
Date 2021-05-05
Author Thomas Koloski
Charity Angel Dawson, Nick Rashad Burroughs, and More Set For THE BLUES BROTHERS at Radial Park
The cast has been announced for this spring's The Blues Brothers, the latest "Broadway at the Drive-In" cinemersive experience at Radial Park as it continues its residency at Halletts Point Play Leading the company of The Blues Brothers are Broadway's Charity Angel Dawson (Mrs. Doubtfire, Waitress) as Mrs. Murphy, Nick Rashad Burroughs (Radial Park's Purple Rain, Kinky Boots) as Reverend Cleophus James, F. Michael Haynie (Wicked, Charlie and the Chocolate Factory) as Elwood Blues, Brian Charles Johnson (Spring Awakening, American Idiot) as "Joliet" Jake Blues, and Antoine L. Smith (Carousel, The Color Purple) as Ray. Additionally, The Blues Brothers will…
Date 2021-04-21
Author BWW News Desk
Sven’s Exterior Hoist Begins Disassembly At 29-37 41st Avenue In Long Island City, Queens
Exterior work is wrapping up on Sven, aka Queens Plaza Park, a 762-foot-tall skyscraper at 29-37 41st Avenue in Long Island City. Designed by Handel Architects for The Durst Organization, the 67-story project currently holds the title as the second-tallest structure in Queens and will yield a total of 978,000 square feet. Selldorf Architects is serving as the interior designer, Hunter Roberts as the general contractor, and Jaros, Baum & Bolles Engineering is handling the required mechanical systems. The project is aiming for LEED certification Recent photos show the exterior hoist in the process of disassembly since our last update…
Date 2021-04-21
Author Michael Young
Durst refinances office-tower debt with $1.1B deal
The Durst Organization is marketing $1.1 billion in commercial mortgage-backed securities to refinance office buildings at 1133 Sixth Ave. and 114 W. 47th St. in Midtown Investors were being shopped top-rated securities Monday with yields that could range 98 to 99 basis points over a swap-spread benchmark for 10-year paper. That compares to an 80-basis point range for similar pre-Covid single-asset deals for office buildings in February 2020. A junk-rated tranche might have as much as a 335 basis point spread over benchmark, compared with 240 on a similar pre-Covid deal, according to data compiled by Bloomberg. The offering is…
Date 2021-04-12
Author Adam Tempkin and Charles Williams