News
HIP TO BE (HUDSON) SQUARE
July 21, 2011
| Yesterday was a picture perfect day in Lower Manhattan—not only did 250 readers join Bisnow for our “The World Trade Center and Future of Downtown” event at 7 WTC, but Getty Images announced it inked a 15-year, 83k SF lease at One Hudson Square. |
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| Now Trinity Real Estate’s 1.1M SF building is 100% leased, and the stock image firm joins a slew of other creative, media, and entertainment companies increasingly making their way Downtown (Viacom, New York Magazine, PR Newswire, Epoch Films, CBS Radio East, and WNYC are only some of the tenants taking space in the Hudson Square ‘hood.) It’s at a nice price: One Hudson Square’s only asking $50/SF. Newmark Knight Frank’s Brian Waterman,Lance Korman, Daniel Levine, and Matthew Feigen repped Getty, while Trinity was repped in-house by Marc Packman and Cushman & Wakefield’s Robert Constable, Andrew Peretz, and Mikael Nahmias. |
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| Hudson Square’s not the only place feeling Downtown’s momentum. RFR Realty’s AJ Camhi (center, with colleagues Steve Morrows and Ryan Silverman) tells us 17 State Street has quietly leased over 100k SF in the past year and has 40k SF in six deals pending. Half of the tours are Midtown tenants looking to save money while upgrading from an average Midtown building to a trophy property, he says. The 42-story glass tower includes new high-end pre-builts, a newly renovated outdoor plaza, almost column-free floorplates, and can accommodate tenants from 2,500 to 30k SF. Bonus: views of the harbor, Lady Liberty, Ellis Island, and Battery Park. Who needs a double-decker tourist bus? |
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| Helpern Architecture’s Jane Gertler, Strategic Building Solutions’Andrew Weinberg, Swanke Hayden Connell Architecture’s (and AIA-NY prez elect) Joseph Aliotta, and WB Engineers’ Guy Cleveland. Jane’s seeing an uptick in hospitality work, particularly in Midtown—and it’s across all types of hotel product. Even though room square footage is down, clients are increasing guest amenities like gardens and rooftop developments. Want to hear more about the sizzling hospitality market? (This week’s weather’s not the only thing that’s hot.) Join Bisnow next Wednesday for our New York Hotel Investment Summit at The Roosevelt to hear top names from companies like Starwood Hotels & Resorts, Felcor Lodging Trust,Denihan, and Morgans Hotel Group. Lots of schmoozing, too! Sign up here. Although we can’t guarantee a mint on your pillow, we promise you’ll leave informed. |
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| And here's The Alliance for Downtown New York’s Jeff Simmons, ICSC’s Madison Gross, MC&M’s Liz Napoli, and CJF Marketing’s Carolyn Feimster. Madison tells us that ICSC will be launching a global educational study with 40 members from around the world, visiting shopping centers in New York City, New Jersey, and Pennsylvania (making a Lower Manhattan stop in early March). |
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| Carlton Architecture’s Beth Shaw, Macerich’s Sandi Danick, Columbia student Nicholas Greenberg, and The Lansco Corp’s Robin Abrams (also a panelist at yesterday’s event). Nicholas is going into real estate, just like mom Robin. |
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| It was quite the family affair yesterday: Jonathan Mechanic, who moderated our World Trade Center panel, and son Marc of Morgan Stanley flank Paradigm-Exeter Advisor’s Dana Rowan and Old Republic National Title Insurance’s Antinea Rivera. |
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| Gensler’s Julia Simet and Ken Lunstead with Kastle Systems’ Bob DiProspero. |
