One New York Plaza is officially open again – as of this past Saturday – following a shutdown due to tropical storm Sandy. Building owner, Brookfield Office Properties, said that the company has property, casualty and flood insurance and anticipates full coverage of losses. “The storm will have no material financial impact on the company,” the firm said as part of a release.
Hurricane Sandy caused a surge that increased ocean water levels and flooded numerous coastal areas of New York City, including the southern tip of Manhattan where One New York Plaza is located.
“Brookfield’s property operations and maintenance personnel removed all water, restored services and prepared the building for the safe return of tenants,” a Brookfield spokesperson said.
Law firm Fried, Frank, Harris, Shriver & Jacobson – a tenant with office space in the 50-story structure – apparently lost no productivity due to the shutdown of One New York Plaza, though have yet to return to their offices.
“Our lawyers have been working from the Firm’s midtown office, which now includes additional capacity, our other offices, as well as remotely,” firm spokesperson, Patricia T. Lojo, told The Commercial Observer in an email. “All of the firm’s systems have been and continue to be operational. We are working closely with our landlord and expect to be back in our offices at One New York Plaza in the near future.”
In a related story, tenants of 4 New York Plaza may be forced to wait much longer before returning to their old offices. Boston Properties chairman, Mortimer B. Zuckerman, suggested on Nov. 8 that it could be up to a year before the New York Daily News and U.S. News & World Report will be able to settle back into their headquarters in that building