BusinessWeek is reporting that News Corp Chairman (and Fox CEO) Rupert Murdoch is reportedly buying the top 4 floors of the new condo development One Madison Park (23 East 22nd Street between Broadway and Park Ave) for 57.3 million. The 4 floors (57-60) total about 10,160 square feet putting the price at a staggering (and likely […]
Entries for the ‘Business’ Category
Bisnow reports that a major new residential condo tower is in the works at the corner of 5th Avenue and 30th Street in Nomad (281 5th Avenue). Kushner Real Estate Group has apparently purchased 3 buildings on the corner with plans for a 40-story luxury condo tower (135k square feet!) with HWKN Architects doing the […]
Crains reports that Barnes & Noble has closed its store at 105 5th Avenue (at 18th Street). The location, known as its college bookstore, saw declining demand by students in recent years. There is also a large Barnes & Noble just a couple blocks away on the north side of Union Square that probably cannibalized […]
There were rumors in mid-2012 that Credit Suisse would be leaving the neighborhood, but a Bloomberg News report says they will stay at 11 Madison Avenue adjacent to Madison Square Park. As part of the deal, the approximately 1.2million square feet of space on floors 1-11 will reportedly undergo renovations this year.
“This project represents a significant investment in our Americas headquarters and demonstrates our commitment to providing staff with a modern, effective working environment,” stated Rob Shafir, Credit Suisse’s CEO for the Americas.
In 2013, Sony announced that they will move their US headquarter to the same building.
Credit Suisse was one of the first big companies to take a chance on this neighborhood back in 1996 when Madison Square Park was in disrepair and has done a lot to support the park and the neighborhood.
We learn from BuzzBuzzHome that plans are in the works for a 7-storysingle family home in the Flatiron at 30 West 21st Street. The home will feature a garage, 6500 square feet of living space and a terrace. The development is the work of Skyway Development Group, and we believe it will go up on the empty lot next to the existing office building at the address. The new home should be one of the largest single family homes in the neighborhood.