Bain & Co. is relocating to the Grace Building at 1114 Sixth Avenue from 3 Times Square, the Wall Street Journal reported. The term of the lease is 16 years, according to a spokesperson from Brookfield Office Properties, who confirmed the deal.
The consulting firm has committed to take nearly 100,000 square feet on three upper floors at building, where asking rents are approximately $100 per square foot, and will relocate in mid-2014, according to the report.
“We have been looking for a while,” Bill Neuenfeldt, managing partner and head of Bain’s New York office, told the Journal.
The sales office for 20 West 53rd Street, Starwood Capital’s Baccarat-branded hotel and condo tower isn’t having its grand opening until next week, but the fancy glass maker turned hotelier has already settled on a price for its crown jewel. The dark crystal’s penthouse unit is asking $60 million, according to BuzzBuzzHome, which got its hands on the asking price.
A call to the sales office didn’t yield any additional details, but they did confirm the pricing of the top-floor penthouse, or “the pinnacle,” as Baccarat puts it. For $60 million, the buyer will get a duplex with 7,381 square feet of interior floor space, plus a 417-square foot balcony, according to BuzzBuzzHome. The unit has five bedrooms and 5.5 baths (the master with a floating sculptural tub). No word on whether or not chandeliers will be included.
Port Authority executive director Chris Ward earned a fair amount of ink last week when he made a comment that LaGuardia airport “should fundamentally be torn down and rebuilt.” (He went on to note that there is no money to do that, and the most the agency can do Read More
Architecture firm Skidmore Owings & Merrill has gotten a bit of new work, thanks in part to the federal stimulus package.
The state’s development agency on Thursday announced that it had awarded SOM design work for the first phase of its Moynihan Station project, the long-planned expansion of Penn Station into the Farley Post Office.
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Brookfield Properties seems to like the architectural veterans over at Skidmore Owings and Merrill these days. Brookfield brought on the longtime firm to design its two signature towers in its bid for the West Side rail yards, and now the mega-office landlord has released an SOM-designed rendering for two office Read More