First Tenant Near Signing at 51 Astor

Maverick developer Edward Minskoff is close to bagging his first tenant for 51 Astor Place, the spec office building he is boldly building in Cooper Square without any guaranteed tenants in hand.

Hult International Business School is in talks to take 51 Astor’s entire second floor, a roughly 55,000-square-foot space. Sources say the school could pay rents that begin in the $60s per square foot but escalate to around $100 per square foot over the life of a long term lease at the roughly 400,000-square-foot property.
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