New York has now lost $1.4B in tax revenue from real estate deals, Flushing waterfront developers grilled on affordable housing plan, Investor puts spotlight on northern Bronx with new 42-unit project, Sponsored Content: Your not-for-profit reimagined. The project, which John Powers, an executive vice president at Boston Properties, estimated will cost more than $150 million, aims to make 159 E. 53rd St.’s 200,000 square feet of vacant office space more attractive to potential tenants. Acquired debt and ultimately converted to ownership a […] Maecenas tellus lorem, rutrum nec erat eget, euismod tincidunt sapien. For only $35, you can get the leading source of business news, anytime & anywhere, for an entire year. We offer a discounted rate through Student Beans for students with a valid .edu email address. You need to create a place where people will enjoy spending their time around work, a place with amenities and energy.”. TEL 1-415-354-7200. Existing condition of floor after demolition & before renovation . It is creating a new private lobby just east of that entrance that will serve the five office floors above. Clad in the same silver panels as the building above, 159 E. 53rd St. blends in, but Boston Properties is trying to make it stand out. Every office floor in the stepped building also has abundant terrace space. It is also gut-renovating the building’s ground- and lower-level spaces, where it plans to create a new food hall and fine dining space. The existing conditions had been in place since the late 1800’s. “This is the kind of space for a tenant that wants to be in midtown and still wants to attract a millennial workforce who might normally prefer to be in an area like midtown south,” Levin said. Privacy Statement & Cookie Policy Integer consectetur, nisi eu aliquam blandit, justo purus maximus est, in tincidunt nisl nulla sit amet mauris. Banks to waive mortgage payments for 90 days, How to clean the bundle of germs that is your phone, 'Pragmatic problem-solver' freshman Rep. Torres seeks to distinguish himself from AOC, NJ halts bar seating, late dining hours to curb virus spread, Biden administration will put New York back on its feet, mayor says, Biden wins White House, vowing new direction for divided US, Women can avoid the corporate ladder and still achieve, CEO says, State pulls country club’s license over ‘superspreader’ wedding, Pfizer’s Covid vaccine prevents 90% of infections, study says, Mass transit poised to benefit under Amtrak fan Biden, NYC tunnel work likely to start soon under Biden, NJ governor says, New York ride-share demand recovering despite big losses, Uber CEO says, MTA’s fiscal nightmare could infect the region’s economy, Revlon to avoid bankruptcy filing upon completing debt deal, Marathon CEO cites city costs, Covid, crime for new Miami outpost, Revlon nears creditor support for deal to dodge bankruptcy, Covid superspreader risk is linked to restaurants, gyms, hotels, Restaurants fail to upend Cuomo rules on indoor dining, Small-business relief grows more uncertain after election, Spotify agrees to buy podcast ad-tech company for $235M, The city’s high-tech vertical farmers have been boosted by pandemic demand, As Uber celebrates gig-economy win in California, the battle heads to Albany, How the largest private companies are enduring Covid-19, Tracing New York's journey through the pandemic, How Covid-19 is affecting New York's largest publicly held companies, How the city is spending money on Covid-19, Take a peek at New York's largest private companies, The List: Largest privately held companies, The List: Largest commercial property managers, Meet the 2020 notable class in accounting and consulting, Meet the 2020 notable class in health care, Meet the notable LGBTQ leaders and executives, What Covid-19 taught us about underserved communities in health care.
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