NYU Langone grows by 150K sf on Park Avenue

Expansion will bring its total footprint to about 630K sf

TRD New York /
Jun.June 04, 2018 05:01 PM

1 Park Avenue

NYU Langone Medical Center is adding 150,000 square feet to its building at Vornado Realty Trust’s 1 Park Avenue, bringing its total footprint to about 630,000 square feet.

The medical center has expanded multiple times before, according to Crain’s. In 2011, it doubled its space in the Park Avenue building to about 370,000 square feet and has grown by another 110,000 square feet since then.

Rents at the building were in the mid-$70s per square foot. Vornado was represented in-house, while NYU was represented by a Cushman & Wakefield team led by Bruce Mosler.

NYU Langone also recently said it would use all 200,000 square feet at 159 East 53rd Street for outpatient doctors’ offices and opened a 10-story, 365,000-square-foot science building earlier this year. Later in June, it will open a 21-story, 830,000-square-foot hospital building called the Kimmel Pavilion. [Crain’s]  – Eddie Small


Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)

Free and clear: Vornado pays off debt at 220 CPS

Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)

“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call

“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)

Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue

Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

“A recipe for disaster”: Fighting property taxes in a pandemic
arrow_forward_ios

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

Loading...