The Plan

The Plan: 275 Seventh Avenue

FreeWheel Media office space at 275 Seventh Avenue.

When tech advertising firm FreeWheel Media, which was recently acquired by Comcast Corporation, decided to move to a full-floor space at 275 Seventh Avenue, the company knew it wanted an open plan with collaborative offices and break-out spaces.

FreeWheel hired the architecture firm Fogarty Finger, which two years ago started a $10 million renovation of the 600,000-square-foot Art Deco building, to design its 19,000-square-foot 24th floor office. Read More

Lease Beat

Coffee Replacing Crumbs Cupcakes in Chelsea

A Crumbs Bake Shop.

A new coffee shop serving Italian-style coffee and in-house, hand-made baked goods, is building out the 950-square-foot space where Crumbs Bake Shop used to be in Chelsea. Seven Grams Caffe signed a 10-year lease in June and plans to open at 275 Seventh Avenue between 25th and 26th Streets in the second week of September.

The owners don’t anticipate any bad joo joo from Crumbs’ demise. Read More

Business Lounging

Regus Adapts as Work Habits Change

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As co-working and temporary space increase in popularity for both start-ups and established businesses, office provider Regus has expanded its available options by opening two street-level business lounges offering short-term access over the past six months, at 747 Third Avenue and 275 Seventh Avenue.

“We are meeting the demand of the increase of people using drop in access,” Grant Greenberg, spokesman, told The Commercial Observer. Read More

Lease Beat

Regus Signs Deal at 31 Penn Plaza


Continuing its aggressive expansion across New York, office suite provider Regus has signed a 10-year, 23,000-square-foot lease on the 15th floor at 31 Penn Plaza.

Regus will take responsibility for the build out of the space and is expected to move in during the first quarter of 2014. Asking rents were in the low-$50s per square foot, according to a source familiar with the negotiations. Read More

Prebuilt Building Out in Manhattan

The ground floor business lounge at 747 Third Avenue. (photo courtesy of Regus)

Regus announced plans to expand its prebuilt office space footprint in Manhattan with four new locations slated for leasing in the coming year. The Luxembourg-based company has 60 such business centers in the tristate area, 26 of which are in New York City.

New locations include 23,000 square feet at 747 Third Avenue, two floors Read More