News: Owners Developers & Managers

Durst Organization launches capital improvement program at 1155 Avenue of Americas

1155 Avenue of the Americas - Manhattan, NY

Manhattan, NY According to The Durst Org., 1155 Avenue of the Americas is undergoing over $110 million in capital improvements.  The 790,000 s/f office tower, located between West 44th and 45th Sts. and designed by Emery Roth & Sons, was completed in 1984.  The building is Energy Star certified and is LEED Silver certified under LEED v4 Existing Buildings: Operations + Maintenance (O+M).bAlong with The Durst Org.’s 1133 Avenue of the Americas, the buildings were one of the first projects in NYC to receive a certification under the LEEDv4 rating system, the new, more stringent, version of LEED.

1155 Avenue of the America’s main entrance has been expanded and relocated and at the corner of Avenue of the Americas and West 44th St..  The building’s new lobby features sustainable materials within various elements including a reception desk in back-lit sea-glass and natural wood finishes around the core walls, turnstile security access and installation of destination dispatch elevator controls. New low-iron energy efficient casement windows have been installed.  The building will feature a new life safety generator, BMS upgrades, chiller and mechanical upgrades, new bathrooms, a new energy efficient curtain wall with floor-to-ceiling clear glazing at the chamfered corners and new elevator cabs. 

 “We are extremely pleased with the transformation that has already taken place at 1155, said Jonathan Durst, president of the Durst Org. “The new lobby entrance and plaza on West 44th St. opened this fall. The triple height glass entrance brings in natural light and the building’s plaza, which will have seating and garden areas, connects tenants and the public to the outdoors and Bryant Park. And on each office floor, by creating floor-to-ceiling glass at the chamfered corners, we will bring in even more light to tenant spaces and take advantage of the views from each of the floors.”

The Durst Organization, founded in 1915 by Joseph Durst, is the owner, manager and builder of 13 million s/f of premiere Manhattan office towers and 1,950 residential rental units with 2,400 in development. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by  Ron Cohen

NYC's Community Opportunity to Purchase Act is back - and multifamily owners should pay attention - by Ron Cohen

New York City’s Community Opportunity to Purchase Act (COPA) is back, and this latest version could have a much better chance of becoming law. The proposal would give qualified nonprofit organizations
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily