Everybody Go Downtown
Does not reading Vogue mean the terrorists will have won?
Douglas Durst and his cousin Jody may be the most powerful pair in New York real estate. They’ve taken up Seymour Durst’s Midtown empire and stretched it across Manhattan, so why not try the trick on another island far, far away?
The Observer: There was a lengthy gap between when the unofficial deal with Condé Nast leaked to the press more than a year ago and when the deal actually became official earlier this month. What transpired between then and now?
Mr. Durst: There were significant issues that needed to be worked out, and significant negotiations that took place. Condé certainly wasn’t going to tell us two years ago, before a deal had been structured, that they were going to come down. Obviously, they needed to ensure that it was under business terms that they could agree with, and that it was in the best interest of their company and employees to go down there.
They did a tremendous amount of due diligence between then and now, and there were, as I said, significant deal terms and issues that needed to be addressed.
Great views of the Park are much-talked-about and rarely achieved. And so with a mixture of awe and schadenfreude, The Observer went near the top of Durst Fetner Residential’s new 42-story tower, and looked clear across the sparkling vista of Central Park on a spring morning.
Durst and Mount Sinai topped out on one of the Read More
How will the Dursts contain their excitement this week? A scant 36 hours after we crowned Messrs. Douglas and Jody the kings of New York real estate, we learn that they’ve signed 22,000 square feet of new leases.
Yes, dear reader, the home of the national debt clock at 1133 Sixth Avenue has one new tenant Read More
Fun With Panels
Connie Milstein was in a tough spot when once she was asked about the challenge of being part of a prominent real estate family. “A lot of what Connie said was not suitable for TV or radio or anywhere,” said Faith Hope Consolo, who recounted the story at last night’s “The Women Leading NY’s Real Read More
Hole in One
For at least half the population, the mourning over the shuttered ESPN Zone was short and sweet. On, we hope, to better things, as the Durst Organization has put the 45,000-square-foot Times Square mega-space back on the market.
Though ESPN’s testorone-fueled hub at the base of 4 Times Square shuttered last spring, Disney has been Read More
Back to School
Now that Conde Nast is headed south, the publishing giant’s landlord, Douglas Durst, reveals there is already active interest in Conde’s current digs in 4 Times Square.
“It’s a good building and a good space,” Mr. Durst, chairman of the Durst Organization, said Wednesday, following a lecture to an overflowing room with members of Columbia’s Real Estate Development Program. There Read More
At street level, 1155 Avenue of the Americas is Thomas Pink, but upstairs it’s Don Draper meets Dow Jones. The News Corp.-owned publisher has signed a 117,000-square-foot lease for 10 years for advertising-sales offices on the third and fifth through eighth floors of the Durst Organization‘s 41-story black granite tower.
The 1984 Emery Roth & Sons-designed Read More
At the Movies
Robert Durst, the estranged son of Times Square developer Seymour Durst, thought Ryan Gosling did a decent job playing him in Andrew Jarecki’s new film All Good Things. The movie follows Mr. Durst through a failed marriage and three alleged murders.
Mr. Gosling’s performance was “close,” but “not as good as the real thing,” Mr. Read More