Times Square skyscraper full of amenities hits 50% occupancy after

Times Square skyscraper full of amenities hits 50% occupancy after

The amenities program at 1540 Broadway, half of a $150 million repositioning, boosted workplace leasing even before the work overseen by design agency Fogarty Finger is absolutely accomplished in early 2027.

GFP Real Estate and MSD Partners, which took management of the 750,000-square-foot Times Square location last yr, scored an expansion by Pandora Jewelry LLC that doubles its workplace area to 55,872 sq. toes. JLL’s Dan Posy represented the tenant.

Also, Korea-based Woori Bank New York Agency signed for 18,553 sq. toes, shifting from 245 Park Ave. Newmark’s Charles Han and Douglas Levine repped the financial institution.

1540 Broadway is now 50% leased. The tower as soon as dwelling to Bertelsmann misplaced a number of large tenants including Viacom before the current homeowners took over.  Guillaume Gaudet

The offers deliver the tower’s workplace flooring to 50% occupancy. (The retail portion is individually owned by Vornado). The workplace leasing agent, JLL’s Clark Finney, said there’s “significant activity” on remaining availability and, “We expect to be well on our toward 80% leased by the end of the second quarter.”

The tower as soon as dwelling to Bertelsmann misplaced a number of large tenants including Viacom before the current homeowners took over. 

GPF principal Brian Steinwurtzel said, “We’re turning it into one of Midtown’s most amenitized buildings” – including a forty five,000-square-foot wellness facility on the total eighth ground and a non-public eating club on the thirty sixth ground.

“We’re turning it into one of Midtown’s most amenitized buildings,” GPF principal Brian Steinwurtzel said. The outside terrace, above. Wordsearch, design by Fogerty Finger

Asking rents are round $89 per sq. foot however “will likely go up given all the activity,” Finney said.

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