Office unease: Tenants are paying up but staying away
Law firm Morrison Foerster has signed a letter of intent to become the anchor tenant at Boston Properties’ new 250 West 55th Street tower, the Post reported. The firm is said to be taking upwards of 200,000 of the 843,564 square feet at the building, in a move that one source said finally renders it “a viable project.” Construction on the 40-story, Skidmore Owings & Merrill-designed property stalled in 2009 when the economy sank, causing it to lose prospective tenants like Proskauer Rose, which had been in negotiations to lease 400,000 square feet there before opting instead for 11 Times Square. Ultimately, 250 West 55th Street is slated to encompass 25,000 square feet of restaurants and retail, 22,000-foot floor plates and a garden on the third-floor setback. Law firm Chadbourne & Park, which will be ousted from its 30 Rockefeller Center home when Deloitte moves in, is also now said to be in talks for space at the building. [Post]
