Quietly, Midtown Asserts Its Dominance

Downtown Manhattan grabbed headlines throughout the end of February, as Governors Spitzer and Corzine endorsed—however begrudgingly—the Freedom Tower and the board of the Port Authority signed off on $500 million in funding for the skyscraper.

Analysts ticked off the usual litany of benchmarks showing downtown’s resurgence in the last five years: the low vacancy rates Read More

The Afternoon Wrap: Wednesday

  • Marvel at the above top-secret image of future Cooper Square Hotel! When that glittery monolith goes up on Bowery, the East Village will have officially lost its last shred of punkish sleaze. (Now the area is sleazy in the shiny-condo way.) [Curbed]
  • Is Bryant Park a pretty place for an ice-skating date, or Read More

  • Fashion Boutique Closes on 1 Bryant Park Lease

    Women’s fashion boutique Elie Tahari has officially signed a 29,674-square-foot lease for the 50th floor at Doug Durst’s One Bryant Park, a deal The Observer first reported earlier this month.

    In related news, The Real Deal reports in its current issue that Elie Tahari is also busy buying the entire east end Read More

    1 Bryant Park Nears Full; Lever House at $150 a Foot

    The budding 54-story 1 Bryant Park is still a year from opening, but recent negotiations have moved the tower toward 100 percent occupancy.

    The Durst-developed building is on the verge of two new leases: one with the hedge fund Marathon Asset Management for two floors with a total of 75,000 square feet, said a Read More

    In This Week's [em]Observer[/em]…

  • 1 Bryant Park Inches Toward 100 Percent Occupancy
    “The budding 54-story 1 Bryant Park is still a year from opening, but recent dealings have nudged the tower toward 100 percent occupancy.”
    Lever House at $150 a Foot
    “Equity-investment firm Hellman and Friedman has signed a lease for the penthouse in Lever House Read More

  • Fashion Week Buys Time

    Mayor Bloomberg is saying Fashion Week could stay put for the fall shows (which are in February) but that the event “has outgrown its facilities at Bryant Park,” according to a statement. “We have determined that the search for a suitable home will require further analysis and planning.”

    -Matthew Schuerman