The Plan

Inside the 10th Floor of 55 Hudson Yards

55 Hudson Yards.

The Related Companies’ 55 Hudson Yards, a 51-story, 1.4 million-square-foot office tower rising from 11th Avenue between 33rd and 34th Streets, will offer a terrace overlooking the adjacent Hudson River Park and its surroundings to whoever snaps up the 28,000-square-foot 10th floor. Related and its partner, Oxford Properties Group, tapped master architects Eugene Kohn, of Kohn Pederson Fox, and Kevin Roche, of Kevin Roche John Dinkeloo and Associates, to design the tower, slated to be standing by the end of 2017; and the two veterans arranged it with a 10-floor base that opens into a prime tier where the building sets back. “We think it’s a spectacular floor,” said Andrew Cantor, a Related vice president who is on the firm’s Hudson Yards team. “We would expect a larger user might want to take it as part of a bigger occupation.” Read More

Lease Beat

Bank Leumi USA Leases 60,000 Square Feet At Polished Up 579 Fifth Avenue

579 Fifth Avenue (Photo courtesy of Stawski Partners)

Bank Leumi USA signed a 20-year, 60,000-square-foot lease at 579 Fifth Avenue and will fan out across five floors of the 17-story, 150,000-square-foot Midtown building. The American satellite of the Israeli bank currently has a branch at the ground floor storefront. Asking rents were in the $60 per square foot range.

Brian Gell of CBRE represented the tenant. Sam Seiler, Stephen Kenneth Eynon and Edward Goldman–also of CBRE–represented the landlord, Axel Stawski. Read More