One of the top "trophy" buildings in the city.
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The newest entrant to Manhattan’s office pipeline is poised to set a pricing benchmark at the very top of the market. Related Companies is marketing its forthcoming 52-story tower at 625 Madison Ave. with asking rents that could reach an unprecedented $400 per square foot on the uppermost floors.
The 840,000-square-foot project will target premier tenants in the technology and financial sectors, with base rents beginning around $250 per square foot and escalating sharply with elevation — ultimately delivering what would be the highest office asking rents ever recorded in New York City.
.......The design team has also evolved. Foster + Partners and Gensler — the latter also on Related’s 70 Hudson Yards — have been selected to create what is envisioned as the signature trophy tower to rule them all.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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