Burger chain phenom Danny Meyer is opening a second Shake Shack in the Grand Central area.
The burger joint will open in the 4,774-square-foot, ground- and lower-level spaces formerly occupied by Qdoba Mexican Grill at 600 Third Avenue, between 39th and 40th Streets, in a 15-year lease. The eatery is slated to open in the fall.
Tech and social media news blog Mashable has signed a 10-year, 38,580 square-foot lease for the entire 14th and 15th floors at 114 Fifth Avenue, becoming L&L Holding Company’s first long-term tenant at the redeveloped office tower.
The media company expects to relocate from its current New York headquarters at 304 Park Avenue South later this year, according to an announcement released this afternoon.
The owners of 28-46 West 23rd Street are exploring an expansion of the building amid a hot streak in the Midtown South office district that has driven down vacancy and pushed rents up, The Commercial Observer has learned.
Big Real Estate
Speeches were casually ignored, drinks were spilled and bonds were formed at last Thursday’s 116th annual Real Estate Board of New York Gala, which this year drew an estimated 2,000 brokers, owners, advertising buyers and real estate reporters to the New York Hilton for an evening of conviviality, honorifics and hushed deal making. Among the fray was Commercial Observer staff writer Daniel Geiger, who during the course of the evening saw his stenopad tossed by an irate real estate broker and who unabashedly accosted Studley’s Woody Heller in the hotel’s bathroom, all for the sake of the story. Below, a timeline of gala comings and goings, from the innocuous gossip down to the downright obnoxious.
Editor’s Note: This article reflects the following correction. L&L Holding is not, in fact, the owner of the office tower at 635 Madison, but owns the ground fee under the building. Therefore, the news that the building is about to sell at 56 percent off was also incorrect. The Observer regrets the error.
Family firm Read More
It’s finally official. Tiffany & Co., the legendary jeweler whose Fifth Avenue, multi-tiered wedding cake of a flagship store regularly attracts hordes of bauble-seeking tourists and New Yorkers alike, will relocate its corporate headquarters from midtown Manhattan to the Flatiron district, according to a just-issued press release. The Observer broke the news about Tiffany’s imminent Read More
Madison Square Park may soon play host to an enormous cluster of jewelry professionals.
Tiffany & Co. has a lease out—industry jargon for being this close to a signed contract—for more than 200,000 square feet at the beautifully restored Toy Building at 200 Fifth Avenue, the former merchandise mart for the “children’s entertainment” industry.
If Read More
Human hubbub may soon be returning to 200 Fifth Avenue, the so-called Toy Building that once housed dozens of toy makers, but that, aside from four retail tenants, now stands empty.
Landlord L&L Holding Company, which just got legal permission to evict Cipriani, has had a number of prominent visitors lately, according to David Read More