World Trade Center region now competes with Midtown’s key areas as leasing surge drives up rental prices
25 Years After 9/11 Years after 9/11, rental prices for large spaces in the World Trade Center are fairly similar to those on Park Street and Sixth Avenue, which are key areas in Midtown, according to a recent investigation. When Moody’s relocates from 7th World Trade Center in late 2027, Larry Silverstein anticipates rental rates […]
Midtown’s tallest skyscraper project by Ken Griffin gets approval
New Skyscraper Approved for Midtown The city council has approved plans for the tallest skyscraper in Midtown, tied to Ken Griffin’s financial firm, with a unanimous vote of 48-0. This ambitious initiative at 350 Park Ave represents a significant commitment by Griffin, a major player in two prominent development firms. The planned tower will stand […]
East Midtown’s Roosevelt Hotel could be migrant-free by end of 2024: sources
It’s been a year since the once proud Roosevelt Hotel was transformed into what was once called an “immigrant theme park.” Dr. Ted Long, executive director of the New York City Department of Health and Hospitals, cheerfully backed away from his long-held assertion to Spectrum News NY1 last week that the hotel is a “new […]
Veteran NYC restaurateurs join forces to inject new life into Midtown’s zombie food halls
Midtown’s Zombie Food Hall is getting new life. New York restaurant legend Stephen Hanson and international hospitality executive Alex Gaudret are investing in five Midtown mainstays previously operated by Urban Space, whose business has been decimated by the pandemic and rents have been delayed. Restart the hall. Hansons and Gaudret’s newly formed HF Food Halls […]
Sixth Avenue reclaims title as Midtown’s No. 1 office-leasing corridor
6th Avenue has regained the title of Midtown’s No. 1 office rental corridor, as measured by lowest vacancy rates. It’s the latest change in leadership in the never-ending bragging rights battle with Park Avenue. Colliers reported that 6th Street’s fourth-quarter occupancy rate was 11.5% of available space, the lowest of any Midtown corridor and just […]