DOI to lease 275K sf at 180 Maiden Lane

EDC also considering FiDi move

TRD New York /
Oct.October 18, 2016 08:30 AM

The City’s Department of Investigations is set to lease 275,000 square feet at 180 Maiden Lane, while the New York City Economic Development Corporation is also looking for a larger space Downtown.

The DOI will occupy floors 15 through 25 in Clarion Partners TRData LogoTINY and MHP Real Estate Services’ 1.35 million-square-foot tower, according to a City filing reviewed by the New York Post. The new office will replace the agency’s five current locations, adding 75,000 square feet to its total footprint. “With a staff that’s grown from 500 to 700 over the past three years, we’ve outgrown our current nearly 200,000 square feet at five sites,” a spokesperson told the paper.

The Post had previously reported that the agency was considering the building.  Cushman & Wakefield’s Tara Stacom is the property’s leasing agent, along with MHP’s Jesse Rubens, Richard Doolittle and James Tamborlane.

The DOI’s current locations are at 80 and 83 Maiden Lane, 250 Broadway and 160 Water Street. In July, the agency published a report on the city’s role in the lifting of a deed restriction at former nursing home Rivington House that enabled its sale to condo converters.

The New York City Economic Development Corporation is considering moving out of Its 110 William Street office, the Post reports, and is eyeing Fosun International’s 28 Liberty Street, 55 Water St. and 32 Old Slip as new locations.

As The Real Deal reported in June, the nonprofit agency is looking for a 250,000-square-foot spread either in the Financial District or Downtown Brooklyn. NYCEDC hired a Newmark Grubb Knight Frank team led by James Kuhn and Neil Goldmacher to advise on the search.

The number of City employees has grown to 287,002 from 271,767 two years ago, according to the New York Times, leaving many offices overcrowded. [NYP]Konrad Putzier


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