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
Chetrit’s Queens industrial loft signs warehouse startup for 90K sf
Chetrit’s Queens industrial loft signs warehouse startup for 90K sf
Chetrit’s Queens industrial loft signs warehouse startup for 90K sf
Tishman Speyer president Rob Speyer and Edgemere Commons (Getty)
Tishman Speyer grabs bulk of Arker’s mammoth, delayed project
Tishman Speyer grabs bulk of Arker’s mammoth, delayed project
37-12 Prince Street and F&T Group CEO Michael Lee (Margulies Hoelzli Architecture, F&T)
F&T, SGC America’s $800M project will bring Shanghai to Flushing
F&T, SGC America’s $800M project will bring Shanghai to Flushing
Shuttered Courtyard by Marriott LaGuardia up for sale
Shuttered Courtyard by Marriott LaGuardia up for sale
Shuttered Courtyard by Marriott LaGuardia up for sale
\665 Fifth Avenue in Manhattan and Rolex CEO Jean-Frederic Dufour (Getty, David Chipperfield Architects)
Building time: Rolex files for 199K sf Midtown building
Building time: Rolex files for 199K sf Midtown building
58-80 Borden Avenue in Maspeth (Images via Pinnacle Realty)
Sitex Group pays $50M for Maspeth industrial property
Sitex Group pays $50M for Maspeth industrial property
590 Fifth Avenue and SL Green CEO Marc Holliday (SL Green)
SL Green sells 590 Fifth Avenue for $103M
SL Green sells 590 Fifth Avenue for $103M
Ben Ashkenazy dumps Midtown retail building at $6M loss
Ben Ashkenazy dumps Midtown retail building at $6M loss
Ben Ashkenazy dumps Midtown retail building at $6M loss
arrow_forward_ios

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

Loading...