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Originally Posted by Raysiri
Wait, I'm confused, does that mean there is another skyscraper at 345 Park Ave or just 350 Park Ave???
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Yes, there is a skyscraper at 345 Park Avenue. 350 Park Avenue is the
new skyscraper being developed across the street (in place of Vornado's 350 Park and Rudin's 40 E. 52nd).
Quote:
Originally Posted by JMKeynes
Indeed! There is no other way to interpret this. No one signs a 7 year lease.
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The most significant thing about the lease, (besides the expansion), is that
it's only a 1 year extension. It lines up with 350 Park, that wouldn't be ready for occupancy until 2027-28.
Quote:
https://therealdeal.com/2020/07/29/b...-headquarters/
Blackstone eyes new 1M sf NYC headquarters
Financial giant has asked landlords to submit proposals for massive space
TRD New York
July 29, 2020
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Blackstone, headed by CEO Stephen Schwarzman and president Jon Gray, has asked a handful landlords to submit proposals for a new headquarters in Midtown and the Far West Side.
...Among the sites under consideration is a supertall office tower on Park Avenue proposed by Vornado Realty Trust and Rudin Management. The two have floated the idea of developing properties they separately own into a 1,450-foot-tall, 1.68 million-square-foot tower at 350 Park Avenue.
The project is particularly attractive to Blackstone, sources said, because the site sits catty-corner to the firm’s current headquarters at Rudin Management’s 345 Park Avenue. Between that location and another office at Boston Properties’ 601 Lexington Avenue, Blackstone occupies about 800,000 square feet on leases that expire in 2027.
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