One Worldwide Plaza | The Real Deal New York

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One Worldwide Plaza

825 Eighth Avenue
New York, NY 10019
Office

One Worldwide Plaza is a 778-foot mixed-use office and residential skyscraper in Midtown, Manhattan. It was built in 1989 by Zeckendorf Realty and the office portion was designed in the postmodernist style by David Childs of Skidmore, Owings & Merrill. Residential architecture was done by Frank Williams, The building totals 2,080,000 square feet. It is located at the former site of the third Madison Square Garden. The tower top, known as Davids Diamond, is made of 200 tons of copper.

In 2009, Deutsche bank sold the building for $600 million, after having bought it for $1.74 billion just two years previous from Harry Macklowe. George Comfort & Sons bought the property from Deutsche Bank. In 2013, American Realty Capital (now New York REIT) bought 48.9 percent of the building and rights to purchase the rest. They beat out RXR Realty to win the bid.

Commercial tenants in the building include Nomura Securities International, who leases a gargantuan 717,248-square-feet, covering 16 floors. Law firm Cravath, Swaine & Moore lease 617,135-square-feet. Other big leases include WNET (102,710 square feet), WebMD (47,342 square feet) and M Shanken Communications (38,418 square feet).

  • Year Built 1987
  • square feet 2,080,000
  • block and lot 1-01040-0029
  • BIN 1076203

03/15/17
...Nadeem Meghji and One Worldwide Plaza Blackstone Group is the largest private landlord in America. Over the past decade, it...

01/24/17
...either a partial or full stake. Those include One Worldwide Plaza, 245 Park Avenue and a stake in Brookfield Place...

01/20/17
...Bill Shanahan renewing their contracts at CBRE and One Worldwide Plaza going back on the market. To see some of the biggest news of the...

01/19/17
...Secured is also bringing to market the 1.8 million-square-foot One Worldwide Plaza in Midtown. – Rich Bockmann...

01/18/17
...From left: Roy March, One Worldwide Plaza and Wendy Silverstein New York REIT's One Worldwide Plaza, a 1.8 million-square-foot skyscraper in Midtown...

09/29/16
...Steve Witkoff, One Worldwide Plaza and Michael Ashner Another week, another argument over the future of New York REIT...

08/29/16
...percent stake in the 1.8 million-square-foot office tower at One Worldwide Plaza the 750,000-square-foot office building at 1440 Broadway. In the letter, Ashner and Witkoff praised the...

08/04/16
...a 49 percent stake in the 1.8 million-square-foot office tower One Worldwide Plaza and the 750,000-square-foot office building 1440 Broadway, among other properties. Ashner and Witkoff, who hold...

05/26/16
...One Worldwide Plaza (inset: W. Matt Kelly and Michael Happel) New York REIT shareholders aren't nearly as...

05/19/16
...option early next year on the 49-story, 1.8 million-square-foot One Worldwide Plaza office building in Midtown. The REIT holds a 49 percent ownership interest in One Worldwide...

02/26/16
...a possible sale of core, trophy assets like One Worldwide Plaza or even the entire company. SL Green Realty, the city's largest office landlord, was...

12/09/15
...portfolio valued at roughly $3 billion – including the 49-story One Worldwide Plaza office tower in Midtown, which the company holds a purchase option to acquire outright...

11/05/15
...its purchase option on its prized 49-story, 1.8 million-square-foot One Worldwide Plaza office building in Midtown West, in which it holds a 49 percent interest. The purchase...

08/27/15
...signed a 10-year lease for 33,000 square feet in One Worldwide Plaza, at 825 Fifth Avenue in Midtown West, to house publications including Adweek and Mediabistro, The...

06/22/15
...and calling for the sale of assets like One Worldwide Plaza in Midtown West. Explaining the initiatives, New York REIT CEO Michael Happel said the...

06/17/15
...Michael Happel and One Worldwide Plaza in Midtown West Shareholders of New York REIT expressed concern this week about the...

06/12/15
...move from a Midtown South tech hub to One Worldwide Plaza on the West Side. Prometheus Global Media, which the Nielson Company spun off in...

06/11/15
...talked up the REIT’s primary asset at One Worldwide Plaza, describing how the property’s location, on West 50th Street between Eighth and Ninth...

04/27/15
...Michael Happel and One Worldwide Plaza in Midtown West UPDATED, 11:34 a.m., April 28: American Realty Capital's New York REIT has...

10/08/14
...stakes in 21 commercial properties in the city, including One Worldwide Plaza and 1440 Broadway. -- Mark Maurer...

08/16/14
...That’s not too mention helping to build One Worldwide Plaza and a skyscraper across from Carnegie Hall. In 1991, Newsday reported that Cohen had his...

10/31/13
...RXR’s Scott Rechler and One Worldwide Plaza The owners of One Worldwide Plaza got the green light from a New York...

10/28/13
...RXR’s Scott Rechler and One Worldwide Plaza RXR Realty saw a silver lining today when the court ordered a delay in...

10/15/13
...Scott Rechler and One Worldwide Plaza RXR Realty, which reached a deal to pay $605 million for a 40 percent stake in...

06/10/13
...RXR's Scott Rechler and One Worldwide Plaza RXR Realty has agreed to buy a 49 percent stake in the office building at...
  • Event Office Leasing
  • Address 1 Worldwide Plaza
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 33,000
  • Event Office Leasing
  • Address 1 Worldwide Plaza
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 32,600
notes
The media company signed a lease to occupy the 30th floor. The reported asking rent was $70 per square foot.
  • Event Retail Leasing
  • Address 825 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,685
  • Publication Date 08/01/2012
  • Event Date 06/22/2012
  • Party 1 Worldwide Plaza
  • Party 1 Brokerage In-house
  • Party 2 Pret A Manger
  • Party 2 Brokerage RKF
  • Party 2 Broker Joshua Strauss, Jackie Totolo
notes
The sandwich chain signed a lease for another location.
  • Event Retail Leasing
  • Address 825 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,300
notes
The café signed a lease.
  • Event Office Leasing
  • Address 825 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 95,000
  • Price per foot $ 50.00
notes
The public television station signed a 16-year lease on the 12th and 14th floors and on the concourse level
  • Event Office Leasing
  • Address 825 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 50,000
  • Price per foot $ 62.00
notes
The online healthcare advice provider signed a 10-year lease for the entire 11th floor
  • Event Sales
  • Building Name Worldwide Plaza
  • Address 825 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 1,600,000
  • Price $ 600,000,000
  • Price per foot $ 375.00
notes
After the last deal fell apart in June, George Comfort & Sons and RCG Longview recently completed a $600 million deal with Deutsche Bank to purchase Worldwide Plaza. Rather than creating a joint venture, Deutsche Bank will provide a $470 million mortgage for George Comfort, which will put up about $135 million in equity. The price comes to about $375 a square foot. Deutsche Bank will write down the original $1 billion mortgage it held on the property when Macklowe Properties bought the building in 2007. Deutsche Bank seized the property last year, along with six others, from Macklowe to settle unpaid debt.
  • Event Office Leasing
  • Address 825 Eighth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 30,000
  • Publication Date 01/01/2007
  • Event Date 11/22/2006
  • Party 1 Equity Office
  • Party 1 Brokerage CBRE
  • Party 2 International Creative Management
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker D Schlather, Michael Burlant, Ryan Masiello
notes
The tenant is relocating from 40 West 57th Street.
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