Times Square skyscraper full of amenities hits 50% – Business News
The amenities program at 1540 Broadway, half of a $150 million repositioning, boosted workplace leasing even earlier than the work overseen by design firm Fogarty Finger is totally accomplished in early 2027.
GFP Real Estate and MSD Partners, which took control of the 750,000-square-foot Times Square location final 12 months, scored an growth by Pandora Jewelry LLC that doubles its workplace space to 55,872 sq. toes. JLL’s Dan Posy represented the tenant.
Also, Korea-based Woori Bank New York Agency signed for 18,553 sq. toes, shifting from 245 Park Ave. Newmark’s Charles Han and Douglas Levine repped the bank.
1540 Broadway is now 50% leased. The tower as soon as home to Bertelsmann misplaced a number of giant tenants together with Viacom earlier than the present homeowners took over. Guillaume Gaudet
The offers convey the tower’s workplace flooring to 50% occupancy. (The retail portion is individually owned by Vornado). The workplace leasing agent, JLL’s Clark Finney, mentioned there’s “significant activity” on remaining availability and, “We expect to be well on our toward 80% leased by the end of the second quarter.”
The tower as soon as home to Bertelsmann misplaced a number of giant tenants together with Viacom earlier than the present homeowners took over.
GPF principal Brian Steinwurtzel mentioned, “We’re turning it into one of Midtown’s most amenitized buildings” – together with a 45,000-square-foot wellness facility on the complete eighth flooring and a personal eating membership on the thirty sixth flooring.
“We’re turning it into one of Midtown’s most amenitized buildings,” GPF principal Brian Steinwurtzel mentioned. The outside terrace, above. Wordsearch, design by Fogerty Finger
Asking rents are round $89 per sq. foot however “will likely go up given all the activity,” Finney mentioned.
