In one of the largest downtown deals this year, EmblemHealth will remain at 55 Water St. with 440,000 square feet on 13 floors.
Emblem was represented in the early 15-year renewal by the Colliers International team of Vice Chairman Brian Given, Sheena Gohil, Steve Jaray and Tom Shirocky.
Building owner New Water Street Corp., an entity of The Retirement Systems of Alabama, was represented by a CBRE team led by Howard Fiddle, vice chairman, along with Dave Caperna, Brad Gerla, Evan Haskell and CBRE’s tri-state CEO, Mary Ann Tighe.
Late last year, The Post’s Steve Cuozzo was advised the health care company might leave and sublease. Now the responsive private owner has ensured the building’s long-term health.
A Cushman & Wakefield report found Class A downtown asking rents for the first quarter of 2019 were $67.74. The largest lease was NYC Health & Hospitals Corp.’s 526,552-square-foot deal at 7 Hanover Square.
Vornado Realty Trust and Rudin Management are so far along with plans to combine their Park Avenue sites into a 1,350-foot-tall office tower that they have already commissioned a world-class design and marketing brochure to woo an anchor tenant.
I told you last month that the developers were considering combining their 350 Park Ave. and 40 E. 52nd St. properties to create a major skyscraper, because that is now allowed under the new East Midtown zoning.
Now, a rendering shows a new 70-story tower with 1.68 million square feet that would have numerous angled set-backs for outdoor terraces.
In keeping with the need to attract and retain employees through modern office spaces, the building would also offer 50,000 feet of amenity spaces like a sky bar, fitness center, auditorium and arts club. A porte cochere would allow for executive drop-offs.
No architect was identified, but the YIMBY website suggests Foster + Partners, the architects of 425 Park, may be in the mix.
The companies declined comment other than noting this is just one option of many that could include separate buildings.
A television production company exiting 345 Hudson St. where Google is swallowing numerous floors will move to Soho.
Casey Patterson Entertainment signed a lease for 3,940 square feet at 76 Greene St. The four-time Emmy award nominee, which produces programs like the “Saturday Night Live 25th Anniversary Special,” “Lip Sync Battle” and others, also has offices in Los Angeles.
It was represented in this five-year lease by Louis Puopolo of Douglas Elliman Commercial. Class A Soho asking rents are $114 per foot and overall office asking rents are $87 per foot, according to Cushman & Wakefield.
The cast iron, prewar building is known as “The King of Greene Street.” The ownership venture of L3 Capital and ABS Real Estate Investments was represented by Ethan Silverstein, Jessica Loiacono and Anthony Cugini and Cushman & Wakefield.
The global music lesson firm, School of Rock, signed a 3,500-square-foot lease for a new Williamsburg location at the base of the Glove Factory Lofts at 294 Graham Ave. in Brooklyn.
The School of Rock teaches guitar, bass, vocals, keyboards and drums, and combines weekly private music lessons with group band rehearsals for live audiences.
The concept was founded in Philadelphia in 1998. While now headquartered in Canton, Mass., the franchise has numerous locations around the world and in the tri-state area. This is its second spot in Brooklyn.
Harry Safter of Jonathan Barry Associates acted on behalf of the tenant, which chose the site as Williamsburg, Greenpoint and Bushwick have numerous rehearsal spaces, studios and live music venues.
Ben Waller of ABS Partners represented the ownership, which had an asking rent of $50 per foot for the former Khim’s Millennium Market.
The retail condo as well as the upstairs apartments on the northeast corner of Powers Street are owned by the entity Gloveman LLC. This is just one of the hundreds of companies registered to a local mail drop.
