Author NY1
Asset manager's deal at Times Square office tower brings building above 92% leased
Asset manager Varagon Capital Partners has taken a full floor at 151 W. 42nd St., where it will move its New York offices The deal brings the Times Square skyscraper — called One Five One — up to more than 92% leased, according to a spokesperson at The Durst Organization, which owns the property. Varagon signed a five-year lease for 31,500 square feet on the 53rd floor. It will relocate its offices from 299 Park Ave., less than a mile from One Five One. The building, where retailer H&M has a store on the ground floor, has massive H&M signs…
Date 2022-03-21
Author Liz Young
Durst Organization Reveals Plans For Sven Park In Long Island City, Queens
The Durst Organization has released the first renderings of a new public outdoor space at the base of Sven, the developer’s latest residential skyscraper at 29-37 41st Avenue in Long Island City. The half-acre space will debut as Sven Park and offers a new playground, dog runs, workout and parkour facilities, ping-pong tables, swinging benches, and stationary seating Sven Park is designed by Starr Whitehouse, a landscape design studio based in New York City. Special features within the park will include “Nest,” an undulating wooden climbing structure for children, a diverse range of flowering plants and trees, and shaded areas…
Date 2022-03-21
Author Sebastian Morris
The Durst Organization Unveils Plans For New Sven Park
The Durst Organization (Durst) unveiled on March 10 plans for Sven Park, a new half-acre public park in the heart of Long Island City. The dynamic new green space will include a range of features, from a playground and dog runs, to workout facilities and swinging benches where park-goers can unwind. Located next to Sven, The Durst Organization’s newest luxury residential tower that launched leasing in November, the park will be open to the public and provide an additional amenity for residents of Queens’ second- tallest tower. The park is expected to open early next year The park, designed by…
Author Queens Gazette
Asset Manager Varagon Takes 32K SF at Durst’s One Five One
Asset manager Varagon Capital Partners inked a deal for a full floor at the Durst Organization’s One Five One, Commercial Observer has learned Varagon snagged 31,515 square feet on the 53rd floor of the building and will relocate from its slightly smaller offices at 299 Park Avenue, according to Durst. Asking rent was $110 per square foot in the five-year deal. “[Varagon] felt comfortable taking a little more space in this building for the next five years,” said Durst’s Rocco Romeo, who brokered the deal for the landlord in-house alongside Tom Bow and Tanya Grimaldo. “Varagon actually has a short-term…
Date 2022-03-18
Author Celia Young