390 Madison Avenue secures first post-renovation tenant
This month, Bisnow revealed that Hogan Lovells will be 390 Madison Ave’s first tenant following the building’s dramatic overhaul. The law firm is currently negotiating a 200,000-square-foot stake with building owner Clarion Partners. Crain’s New York reported that the building has undergone substantial renovation work, including removing entire floors to increase the ceiling heights of the once-cramped office spaces. Renovations are set to be completed by early next year. See our rendering of the building above.
Another huge milestone for Doha Metro
The Doha Metro has reached another milestone. The National has confirmed that Qatar Rail has completed the 111 kilometers of tunneling work required to deliver the first phase of the project. The end of tunneling means that the first phase of the major project is now more than 50 percent complete. The Doha Metro is set to become the world’s largest metro station and is slated for completion in 2020. Check out our film above for a preview of the Metro in action.
Assembly Row’s condo sales soar a year before opening
This month, Curbed Boston reported that more than 45 percent of Assembly Row’s condos have been spoken for after just eight weeks of pre-sales. Collaborative Companies, the marketing firm charged with selling the condos, says that some units have traded for more than $1,000 per square foot – a historic price for the neighborhood. The condos will be part of a larger, 13-floor development that includes retail and a 159-key Autograph Collection Marriott. Interested in what life at Assembly Row would be like? Our film above offers a first look at the experience.
Verizon moves in to 230 Park Avenue
Verizon and workspace provider Regus announced a deal earlier this year that would relocate Verizon employees into Regus co-working spaces in 47 cities across the U.S. According to Real Estate Weekly, the first move-ins happened this summer at Regus’ 230 Park Avenue location. Other tenants in the 34-story tower include analytics firm Reed Elsevier and mattress maker Casper. Verizon’s move to 230 Park Avenue comes after Monday Properties reintroduced this iconic NYC building. We created the film above to illustrate the building’s transformation over time.
Canadian Embassy consolidates with move to 237 Park Avenue
Just in time for the United Nations General Assembly this September, news broke that the two Canadian offices had plans to conjoin their offices at 237 Park Avenue. The Permanent Mission of Canada to the United Nations and the Consulate General of Canada signed on to a new lease and 77,000 square feet of space, according to Commercial Observer. According to city records, RXR Realty purchased the 1.2-million-square-foot building in October of 2013 for $810 million and spent $50 million on renovations thereafter. During the renovation and repositioning process we collaborated with RXR Realty to share how 237 Park Avenue had transformed through a film, highlighting the building’s new identity and its modern, minimal look and feel.