Now that I see them side by side- I wish the residential tower was taller and not eclipsed by the office building. Would have enjoyed seeing the residential tower peer above the rest for variety.
I hope they can find a major tenant for the building. It turned out great, and everything around it is growing up so quick with residential and restaurant. It would be such a shame for this thing to sit vacant for years.
Really wish another major tech company or healthcare company would move in. Google, microsoft, NCR, Anthem all together around Tech. The synergy between these players has got to be mutually beneficial.
I think it was completely on spec. Keep in mind that these towers are in the works for several years before reaching construction. So the circumstances were very different at the time that they approved and financed this tower.
Almost certainly spec, yeah. They would have talked about a major tenant if they had one, even if they couldn't share the name. It will most likely sit vacant for a long time. Vacancy is something like 25% in Midtown now and this building would presumably be one of the more expensive options since it's new.
It won't be 100% empty. There is a sushi restaurant at least going in the office building lobby level with an Omakase experience on the 8th floor as well.
It’s quite a bloodbath out there. Most of the new spec buildings can attract a signature tenant though to anchor some portion of it. I would assume signage rights on this building would be a significant consideration.
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