News: Brokerage

Glorious Sun Robert Martin renovates Blue Hill Plaza: $1 million project

Glorious Sun Robert Martin, LLC has completed $1 million in improvements and renovations at Blue Hill Plaza, its class A office complex. The recently completed renovations have resulted in enhancements to the complex's main lobby and concourse, including the installation of full-height mahogany wall panels and satin aluminum reveals, as well as acoustical tile ceilings with architectural, energy-efficient pendant lighting. Ownership has installed new 32" touch screen directories and digital LCD screens in the complex, featuring The Wall St. Journal Office Network with up-to-the-minute news, market indexes, weather and other information. Glorious Sun Robert Martin has invested an average of $1 million annually for the past several years toward upgrades at the complex, and is committed to continuing to enhance the property along these historical lines. Renovation of the complex's second lobby and additional improvements are scheduled to begin this fall. "Current economic conditions have created a flight to quality in the marketplace, and tenants today are seeking office space that affords a modern, technologically advanced environment to support and improve their business operations," said Timothy Jones, managing director/partner of Robert Martin Co.. "Our ongoing improvement program at Blue Hill Plaza furthers our goal of providing the many companies that occupy space here with a corporate address that enhances their brand reputation." "Additionally, these renovations will further solidify Blue Hill Plaza's position at the forefront of the marketplace and its desirability among the many prospective tenants seeking to relocate into the region's premier class A office complex," Jones said. Blue Hill Plaza consists of two class A office buildings totaling 1.1 million s/f. The ownership represents a partnership of Westchester County-based Robert Martin Company and a Hong Kong- and Manhattan-based real estate company, Glorious Sun. "Ownership's commitment to continuously improving Blue Hill Plaza has created strong interest in the complex's available space," sidd Michael Grossman, executive VP at Mack-Cali. "Additionally, the complex's existing tenants appreciate the attention-to-detail paid by ownership, as well as the benefits of having attentive, on-site management, which has resulted in phenomenal tenant retention at the property." Blue Hill Plaza provides tenants direct access to numerous on-site amenities such as retail establishments, a childcare center, fitness club, cafe and ample parking. The office complex is located off Veterans Memorial Dr. between the Tappan Zee and George Washington bridges with convenient access to Interstates 80, 87, 95 and 287, as well as the Garden State and Palisades parkways.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced