Renovation and Repositioning
Elizabeth Berger, president and CEO of the Alliance for Downtown New York and president of the Downtown-Lower Manhattan Association, has died at 53 after a battle with pancreatic cancer.
Ms. Berger helped shape the reimagining and rebuilding of Lower Manhattan after the 9/11 attacks and recently led a multifaceted effort to assist Lower Manhattan businesses and residents following Superstorm Sandy.
The Brodsky Organization is renovating and repositioning 157 Columbus Avenue following the departure of longtime tenant Walt Disney Co., The Commercial Observer has learned.
The renovation is the first at the Upper West Side office building since it was built 30 years ago, in 1983 – the same year Walt Disney signed its lease there.
Ownership hired architecture firm Davis Brody Bond LLP to design the new lobby, elevator cabs, bathrooms, and upgraded building infrastructure, while a team from Cushman & Wakefield will resume its leasing efforts on the roughly 70,000 square feet of available space after the renovations, expected to conclude this summer, are complete.
Capital One Bank has grown steadily since it was founded by current chairman, CEO and president Richard Fairbank in 1993. Along the way it grew from a mono-line credit card company funded through the capital markets into a more diversified entity with commercial and consumer banking. It managed to make Visigoths funny and capitalize on Alec Baldwin’s Words With Friends meltdown, while simultaneously deepening its reach into lines of business like commercial real estate.
The bank as a whole had $294.5 billion in loans outstanding and $216.5 billion in deposits as of March 31, 2012, according to its first quarter 2012 results. The commercial and multifamily real estate portion of this increased when comparing year-end results recently as well—rising to $15.4 billion for the period ended Dec. 31, 2011 from $13.4 billion the previous year.
A release from brokerage Cushman & Wakefield confirms that Century 21 will indeed open its second Manhattan store in the space evacuated by the Lincoln Square Barnes & Noble. Century 21 had just yesterday denied rumors that the switch was afoot.
MyUpperWest reported that the department store would be opening a branch at the 61,000-square-foot Read More
A set of persistent neighbors opposed to Fordham University’s Lincoln Center campus have failed to block the school from expanding through a court case.
As with most every major controversial development, the opponents of the expansion—chiefly residents of the Alfred, a condo tower that shares a superblock with Fordham’s campus—filed a suit in court to Read More