What tech firms look for in Midtown South space

TRD New York /
May.May 14, 2012 02:30 PM

It’s clear that technology firms have flocked to Midtown South to be close to their industry counterparts, but Crain’s noted that how such firms choose their specific space is not so clear. Thanks to the varying size, focus and age of tech firms it’s practically impossible to predict where they’ll choose space.

Landlords, including Jamestown Properties, whose Chelsea Market has been particularly successful in attracting technology tenants, say the most important thing is the “aura” of the property. Tech companies prefer a building with character that’s close to good restaurants and bars and doesn’t have any trace of corporate America.

Crain’s said that three landlords have recently developed or upgraded their properties specifically with tech tenants in mind. Kushner Companies, for one, added a roof garden with a putting green, ping pong tables and reflecting ponds to 200 Lafayette Street to mimic a Silicon Valley style campus. JCPenney recently inked a deal to take the office space in the building.

Meanwhile, at 100 Fifth Avenue the Kaufman Organization added a sleek lobby and a new telecommunication system to add tenants suchas as Apple and Yelp.com, and the Albanese Organization is developing 510 West 22nd Street with lounges, breakout rooms and outdoor gardens to land tech firms when the building is complete. [Crain’s]


Related Articles

arrow_forward_ios
Jared Kushner (Getty)

Jared Kushner will keep his stake in Cadre, for now

Jared Kushner will keep his stake in Cadre, for now
666 Fifth Avenue and Brian Kingston (Google Maps, Brookfield)

Brookfield buys out another tenant at 666 Fifth

Brookfield buys out another tenant at 666 Fifth
Photo illustration of Kusher Companies President Laurent Morali, Charles Kushner and the GM Building (Credit: Sasha Maslov, iStock, Trump Organization)

Kushner Companies moving from 666 Fifth to GM Building

Kushner Companies moving from 666 Fifth to GM Building
Douglas Eisenberg, Stephen Ross, Isaac Kassirer and Charles Kushner (Credit: Kushner by Sasha Maslov, Ross by Sean Zanni/Patrick McMullan via Getty Images)

Rent strike targets landlords who can “take the hit”

Rent strike targets landlords who can “take the hit”
Charlie Kushner and WeWork CEO Sandeep Mathrani with Dumbo Heights (Credit: Kushner via Sasha Maslov; Getty Images; Dumbo Heights)

For Kushner Cos., WeWork could be a problem at Dumbo Heights

For Kushner Cos., WeWork could be a problem at Dumbo Heights
Charlie Kushner and Harbor Point Estate in Maryland (Credit: Sasha Maslov; Harbor Point Estates)

Kushner Cos. pushes ahead with eviction lawsuits: report

Kushner Cos. pushes ahead with eviction lawsuits: report
Charles Kushner and 331 East 9th Street (Credit: Kusner Photo by Ilir Bajraktari/Patrick McMullan via Getty Images; Google Maps)

Judge grants Kushner tenants free rent at East Village complex

Judge grants Kushner tenants free rent at East Village complex
56 West 22nd Street and Michael Kasmierski (Credit: Google Maps)

Kaufman, AXA make $50M Midtown South buy

Kaufman, AXA make $50M Midtown South buy
arrow_forward_ios

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

Loading...