Real estate in brief

New York /
Dec.December 16, 2009 11:58 AM

Construction begins on new police academy

Construction has begun on a controversial new police academy in the Queens neighborhood of College Point. The first phase of construction is expected to cost around $750 million, according to a press release from the city, which did not indicate what the total construction cost would be. The new academy, which has been designed to garner a silver LEED certification and will include an energy-efficient central utility plant and green roofs, will help address the growing “complexities of [the NYPD’s] mission,” said Police Commissioner Raymond Kelly. The plan had drawn ire from the community when it was first announced, with City Council member Tony Avella referring to it as a “monstrosity.” The first phase of construction is slated for a 2013 completion.

HSN inks lease at 545 Madison Avenue

Home Shopping Network has signed a seven-year full-floor lease at LEED gold-certified 545 Madison Avenue at the corner of 55th Street, according to a press release from building owner LCOR. The 7,114-square-foot space will be used for the network’s executive offices, boardrooms and marketing center. According to David Sigman, senior vice president of LCOR, Home Shopping Network chose the space because it “was looking for high-end, highly visible executive space.” In addition, the new tenant “appreciated that we catered to their specific and multi-purpose operational needs.” It was not immediately clear how much the space was leased for.


Related Articles

arrow_forward_ios
From left: Century Development's Group’s George Xu and City/Rybak Development’s Sergey Rybak with 78-29 Austin St./11-36 45 Road
Rybak, Century file to build Queens multifamily projects
Rybak, Century file to build Queens multifamily projects
61-01 Springfield Avenue in Bayside with Skyline Properties’ Robert Khodadadian and Daniel Shirazi (Google Maps)
Bayside shopping center goes for $32M to lead mid-market sales
Bayside shopping center goes for $32M to lead mid-market sales
Marx Realty president Craig Deitelzweig and 545 Madison Avenue (Marx Realty, Google Maps, Getty Images)
Milstein’s real estate firm extends at 545 Madison Avenue
Milstein’s real estate firm extends at 545 Madison Avenue
Ascent Development’s Tien Vominh and Modern Spaces' Eric Benaim with 45-30 Davis Street (LinkedIn, Modern Spaces, Marvel Architects)
Modern Spaces sues developer over LIC exclusivity agreement
Modern Spaces sues developer over LIC exclusivity agreement
Tavros Capital’s Nicholas Silvers and Charney Companies’ Sam Charney in front of 24-05 thru 24-19 Jackson Avenue in Long Island City (Getty Images, Tavros Capital, Charney Companies, Google Maps)
Tavros, Charney plan 55-story rental on long-stalled site
Tavros, Charney plan 55-story rental on long-stalled site
Brooklyn nursing home tops mid-market investment sales
Brooklyn nursing home tops mid-market investment sales
Brooklyn nursing home tops mid-market investment sales
43 East 53rd Street with ZG Capital Partners’ James Tamborlane and Bobby Zar (Google Maps, LinkedIn)
Bobby Zar buys Midtown office building for 15% less than 2015 price
Bobby Zar buys Midtown office building for 15% less than 2015 price
Innovo’s Andrew Chung with 28-90 Review Avenue (28-90 Review Avenue)
Andrew Chung’s Innovo plans ambitious warehouse in Sunnyside
Andrew Chung’s Innovo plans ambitious warehouse in Sunnyside
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...