H3 Hardy Takes Full Floor at 55 Broad Street
A prominent architecture firm will move from the Flatiron District to the Financial District in the second quarter of the year, Commercial Observer has learned.
H3 Hardy Collaboration Architecture, the company behind restorations like the Brooklyn Academy of Music and Lincoln Center Theater, signed a 10-year, 10,779-square-foot lease for the full 19th floor of the Rudin family’s 55 Broad Street, said officials with the Rudin Management Company, the family’s operating division. The property, which is also known as the New York Information Technology Center, commanded an asking rent of $44 per square foot, the officials said.
“We’re delighted to welcome this prestigious architecture firm to our building at 55 Broad Street, which is recognized as an elite address for technology, creative and telecommunications firms here in New York,” said Bill Rudin, the chief executive officer of Rudin Management, in a prepared statement.
Kevin P. Daly, the company’s vice president of commercial leasing, represented the landlord in-house in the negotiations, while Scott Vinett and Michael Higgins of JLL negotiated on behalf of the tenant.
The company will join other notable occupiers such as Carnegie Mellon University, Cornell University and NYU Polytechnical School of Engineering at the property, which the landlord wired for broadband access in the early days of the 1990s Internet boom. Starbucks renewed and expanded its retail space at the building in 2013, as CO previously reported.
Officials at H3 Hardy didn’t immediately respond to a request for comment.