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NYguy Mar 8, 2017 12:43 AM

NEW YORK | 1100 6th Ave | FT | FLOORS (Recladding)
 
A redevelopment of the HBO headquarters building...


http://rew-online.com/2017/03/07/bro...-the-americas/

Brookfield, Swig plan 386,000 s/f office, retail tower at 1100 Ave. of the Americas

BY CHRISTIAN BRAZIL BAUTISTA
MARCH 7, 2017


Quote:

Brookfield Property Partners and The Swig Company have signed a long-term net lease at 1100 Avenue of the Americas.

The site, which is owned by the Nickerson family, will likely be redeveloped into a 386,000 s/f office and retail building, the companies announced.

Photo via 42Floors
PHOTO VIA 42FLOORS
“At the epicentre of Midtown, Bryant Park has become one of the most sought-after office and retail destinations in New York,” said Ric Clark, the senior managing partner and chairman of Brookfield Property Group and Brookfield Property Partners. “The addition of 1100 Avenue of the Americas into our portfolio provides a major opportunity for us to reposition the property while enhancing the shared Grace Plaza, significantly benefitting both buildings.”

“As the original developer and long-term owner of The Grace Building we have long recognized the area around Bryant Park as one of midtown Manhattan’s most vibrant commercial districts. Our successful partnership with Brookfield provides a further opportunity to add long-term value to the neighbourhood,” added Ken Perry, the CEO of the Swig Company.

The deal comes as the 15-story building’s only tenant, HBO, prepares to move to 30 Hudson Yards. The company is set to vacate its 315,000 s/f office space in the tower in 2019. HBO has been in the building since 1984.

According to an earlier report from Crain’s, the Nickerson family started looking for an investor to take over the property in May of last year. The leasehold may have a duration that stretches to 99 years. Once the deal ends, the property will be returned to the Nickersons. Brookfield and Swig declined to disclose the terms of the agreement.

yankeesfan1000 Mar 8, 2017 2:39 AM

Good riddance. The current building is awful, especially considering its location. I would love to see a tear down, but I imagine that's unlikely.

Design-mind Mar 8, 2017 4:13 AM

Quote:

Originally Posted by yankeesfan1000 (Post 7733635)
Good riddance. The current building is awful, especially considering its location. I would love to see a tear down, but I imagine that's unlikely.

The current building is awful but it does not look very old or dilapidated.
With Brookfield making big inroads into the Manhattan market I am sure they will build something impressive. Bryant Park is after all becoming very sought after real estate.

yankeesfan1000 Mar 8, 2017 1:36 PM

Unless I'm mistaken this only has an additional 60k s/f of development rights, which is crazy given its location.

NYguy Mar 9, 2017 2:43 AM

There's also the issue of the plaza on 43rd Street. I imagine those air rights were used up.



Something I didn't know about this building:

https://www.bisnow.com/new-york/news...-comapny-71882


https://imageserver-bisnow1.netdna-s..._Sixth_Ave.png


Quote:

The land where the building stands was first acquired by Nickerson's great-great-great-grandfather, Garrit Storm, in the 1830s. The lower six floors of the building were built in 1906; nine floors were added in 1926. The building was reconstructed to add 25% more space in 1980.

NYguy Nov 21, 2017 5:24 PM

Space is already spoken for before the renovation...


https://therealdeal.com/2017/11/21/b...-hbo-building/

BoA plans to lease entire HBO building
Brookfield, Swig plan to redevelop property at 1100 Sixth



November 21, 2017


Quote:

Bank of America plans to lease nearly 400,000 square feet at 1100 Sixth Avenue, across the street from its current headquarters.

The bank is taking the entire 386,000 square feet of the 15-story building, which has been home to HBO since 1981, the New York Post reported. Bank of America is headquartered across Sixth Avenue at the Durst Organization’s One Bryant Park.

Brookfield Property Partners and California’s Swig Co. bought the leasehold earlier this year, and plan to redevelop the property in 2019 once HBO moves out. The premium cable channel is relocating to Related Companies’ 30 Hudson Yards with its parent company, Time Warner.




https://nypost.com/2017/11/21/bank-o...-hbo-building/

Bank of America plans expansion into HBO building


https://thenypost.files.wordpress.co...4&h=441&crop=1

By Steve Cuozzo
November 21, 2017


Quote:

Brookfield is expected to soon announce a top-to-bottom redesign of 1100 Sixth. The publicly traded giant knows from redesign — its 5 Manhattan Yards, 450 W. 33rd St., is unrecognizable from its ugly concrete-faced old self after a $350 million recladding in crystalline glass.

Submariner Nov 22, 2017 2:36 AM

Too bad it couldn't be redeveloped into a proper tower - it's in too good a location to be a boring, low rise box.

NYguy Nov 23, 2017 4:18 AM

Quote:

Originally Posted by Submariner (Post 7994132)
Too bad it couldn't be redeveloped into a proper tower - it's in too good a location to be a boring, low rise box.

Yeah it is, but it's a good choice for BofA. Too bad an extra million sf of space can't be added to the site.


Quote:

Brookfield is expected to soon announce a top-to-bottom redesign of 1100 Sixth

We'll see what this "redesign" brings us.

mrnyc Nov 23, 2017 2:29 PM

i could understand remaking the inside, but unless they rebuild it as a tower, any redesign of the outside is worrisome. its just fine as it is and a rather pleasant sight from bryant park. it unobtrusively rings itself with shops rather well.

JSsocal Nov 23, 2017 3:00 PM

It's air rights are all used up. But this one could use an update. A stronger embrace of the Grace building plaza would be nice.

The building's original look:
https://digitalcollections.nypl.org/...0-e00a18064a99

antinimby Nov 23, 2017 3:07 PM

Quote:

Originally Posted by mrnyc (Post 7995469)
i could understand remaking the inside, but unless they rebuild it as a tower, any redesign of the outside is worrisome. its just fine as it is and a rather pleasant sight from bryant park. it unobtrusively rings itself with shops rather well.

Don’t worry, it’s a boring box that you can’t do much with other than slap on a new coat of glass.

I already know what they’ll do and it will be similar to what was done on the Hippodrome building on the next block up. They’ll remove the reflective 80’s style glass and put on the more contemporary clearer glass. The ground floor will also be updated but that’ll be about it.

antinimby Nov 23, 2017 3:14 PM

It’s interesting how BOA had a chance to take all the space in OBP when it was being built but elected not to and now they run out of space there and have to rent more space in another building across the street.

antinimby Nov 23, 2017 3:16 PM

Oh and because it will be a bank occupying the new space, expect to see bollards go up around this building as well to prevent terror attacks.

Dac150 Nov 23, 2017 3:21 PM

Quote:

Originally Posted by antinimby (Post 7995518)
It’s interesting how BOA had a chance to take all the space in OBP when it was being built but elected not to and now they run out of space there and have to rent more space in another building across the street.

That decision was likely made prior to the Merrill Lynch acquisition, which in turn greatly added to BAC's capital markets/brokerage businesses.

For years after the deal, the bulk of Merrill operations were still based in the WFC … they've been gradually migrating headcount up to Bryant Park.

NYguy Dec 26, 2017 4:57 PM

https://nypost.com/2017/12/25/bank-o...-hbo-building/

Bank of America signs lease for expansion into HBO building

By Steve Cuozzo
December 25, 2017


Quote:

Santa Claus came early for the new owners of 1100 Sixth Ave., the HBO building on Sixth and 42nd Street.

Bank of America and Brookfield Property Partners signed a lease on the eve of the Christmas weekend for the building’s entire 386,000 square feet, sources revealed.

The Post first reported that a deal was in the works on Nov. 21. BofA will move into 1100 Sixth Ave. when HBO moves to 30 Hudson Yards in 2019, along with parent Time Warner.

BofA, led by Chief Executive Brian Moynihan, plans to keep its Manhattan headquarters at the Durst Organization’s One Bryant Park across the street.

However, the bank also has offices at widely scattered buildings around town, including in Rockefeller Center and the GM Building at Fifth Avenue and 59th Street. The new space at 1100 Sixth Ave. will allow for staff consolidation while creating a “campus” with the mother ship at One Bryant Park on the other side of the avenue.

...Brookfield will soon announce a redesign of 1100 Sixth, which stands next door to the company’s giant Grace Building on West 42nd Street.


PeterQM Jan 23, 2019 4:10 PM

See REX's Design for Overhaul of 1100 Sixth Avenue
 
See REX's Design for Overhaul of 1100 Sixth Avenue, Future Address of Bank of America

https://ds4.cityrealty.com/img/50ee0...-avenue-04.jpg

https://ds4.cityrealty.com/img/8a69d...xth-avenue.jpg

jackster99 Jan 23, 2019 4:23 PM

Well hot damn. Based on the WR Grace building next door (which is 630 feet) this looks to be about 650. Nice

JMKeynes Jan 23, 2019 4:42 PM

The design sucks.

Crawford Jan 23, 2019 4:53 PM

Huge improvement for this site. I always disliked the HBO HQ bldg.

Busy Bee Jan 23, 2019 4:58 PM

For a sec I thought they were talking about 1095 that MdeAS just reskinned like 10 years ago. I was like whaaaaat?


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