A new, luxury office building featuring the latest in green technology is in the works on the edge of Manhattan's Bryant Park. NY1’s Real Estate reporter Jill Urban filed the following report.
In recent years there have been a few new developments taking shape around Bryant Park in Midtown Manhattan. And now another one is in store for the park’s southwest corner, an ultra-modern boutique office building called 7 Bryant Park.
“7 Bryant Park will be a 28-story building, 470,000-square-feet. It’s really aimed at boutique-scale users. Those users will take advantage of a new building right in the heart of Midtown in the transportation triangle,” says Tommy Craig, senior managing director at Hines Development.
Located on the corner of 40th Street and Sixth Avenue, this steel and glass tower will offer tenants direct views of the park, the public library and other city landmarks.
The tower is being developed by Hines Development and its mission is to create a building that can offer small and modest-sized companies big business infrastructure.
“We have column-free trading floors with a 65-foot span. We have high-density occupancy. We have ultimately high-density electrical and cooling loads and we really planned spaces in the core, in the equipment rooms,” Craig says.
The building will also incorporate the latest in environmentally friendly technology.
The base level will offer a small retail component but it has not been determined what kind of tenant will occupy that space.
The building’s unique hourglass look, designed by Pei Cobb Freed & Partners, was inspired by Bryant Park and the area around it.
“This building is designed for its place. It’s very distinctive. It’s a glass and steel building with a very distinctive element in the corner, two cones, one pointing up and one pointing down. That’s what you’ll remember. That’s what makes this building special in the city. Those conical incisions face Bryant Park and celebrate that location on Bryant Park,” says Henry Cob, partner at Pei Cobb & Partners.
The project just received the financing, which means construction will begin later this year. It should take about two years, so tenants should be able to move in by the end of 2014.