On the Market
The Brodsky Organization has announced the availability of 3,000 square feet of ground-level retail space at 1156 Madison Avenue, between 85th and 86th Streets, Commercial Observer has learned.
Asking rent for the space, which includes an additional 1,300-square-foot cellar is $450 per square foot, according to Alexander Brodsky, a principal of the Brodsky Organization, who is handling the leasing assignment. The space will be available October 1.
Renovation and Repositioning
The Yard has signed a long-term lease at The Brodsky Organization’s 157 Columbus Avenue, bringing the building to full occupancy after a renovation first reported in Commercial Observer paved the way.
The coworking space provider will occupy 28,638 square feet on the entire fourth and fifth floors, and the lease follows four tenants that recently completed transactions that followed the renovation: Fusion Learning leased 14,319 square feet, CrossFit leased 11,116 square feet, Citi Habitats leased 8,335 square feet and Quinlan Development leased 5,984 square feet.
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.