Op-ed: Reports of the death of the office are greatly exaggerated
Everywhere I go, people ask if the New York City office market is doomed, offering me sympathetic looks The gloomy sentiment is not surprising. Headlines have promoted doomsday predictions about the health of the office sector. A real estate industry conference even recently kicked off a panel discussion posing the question: “Is the office market f**ked?” Kastle, a building security provider, posts a weekly “back to work barometer" that would have you believe that every office building in New York is half empty. It’s a flawed and misleading data point based only on a segment of buildings in which they…
Date 2023-07-28
Author David Neil
Farm-to-table Italian restaurant Rosemary’s to open third location
Italian restaurant Rosemary’s is planning to open a new location, at 825 Third Ave., later this year. The farm-to-table establishment recently signed a lease for 6,000 square feet at the Durst Organization’s 530,000-square-foot office tower currently undergoing renovations at the address Rosemary’s third location will consist of a 140-seat indoor dining room and bar, and a 50-seat outdoor space. The restaurant’s management said the new spot will be open from breakfast to dinner and will also include a grab-and-go counter that will serve coffee, pastries and sandwiches. News of the restaurant group behind Rosemary’s latest endeavor was first reported in…
Date 2023-07-28
Author Mario Marroquin
Italian Spot Rosemary’s Opening Outpost at 825 Third Avenue
This Italian eatery recently featured in the “Sex and the City” reboot is setting up a Midtown East outpost Rosemary’s is opening a new location at the foot of The Durst Organization’s 825 Third Avenue after signing a 3,000-square-foot lease, the New York Post first reported. Rosemary’s Midtown East location will be its third in New York City. The latest spot is scheduled to open by the end of 2023 with indoor and outdoor seating in the corner retail space, according to the landlord. Asking rent was $250 per square foot and the lease was for 20 years, according to…
Date 2023-07-28
Author Mark Hallum
Rosemary’s gives ‘green’ light to Durst tower over developer’s ties to organic farm
Many factors go into a restaurant’s decision about where to open, but this one might be uniquely “organic.” Casual-Italian mini-empire Rosemary’s just signed a lease at the Durst Organization’s 825 Third Ave., a 1960s-era, 535,000 square-foot office tower at East 50th Street now in the midst of a $150 million upgrade program. Rosemary’s owner Carlos Suarez was drawn to the spot by confidence in troubled Third Avenue’s commercial future and the belief that his eatery is “the perfect fit” for East Midtown –an area he said that “lacked the warmth” of his other locations in the West Village and Stuyvesant…
Date 2023-07-28
Author Steve Cuozzo
The Durst Organization Announces 29 Tenants Have Leased Nearly Half a Million Square Feet of Durstready Space
The Durst Organization today announced that its DurstReady office offering has accounted for more than 445,000 square feet of leasing activity with 29 tenants since its launch in 2019. DurstReady offers exceptionally designed, furnished, wired and move-in ready offices from 2,000 to 45,000 square feet “DurstReady offers a compelling solution for a growing segment of the office market, appealing to a wide range of tenants from dynamic startups growing out of co-working spaces to established firms seeking a quick and seamless move-in process, convenience, and flexible lease terms in class A office buildings,” said David Neil, a principal of The…
Author Real Estate Weekly