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

12/12/17
...Now, history could repeat itself. Case in point: One Worldwide Plaza. New York REIT put the office tower on the market earlier this year, hoping...

11/30/17
...of their listings. Case in point: the 1.8 million-square-foot One Worldwide Plaza. In January, the seller, New York REIT, was in the midst of liquidating its...

11/16/17
...Lloyd Blankfein, John Cryan and One Worldwide Plaza The top Manhattan real estate loans recorded in October include refinancing, retail and residential...

11/14/17
...Realty agreed to buy a 49 percent stake in One Worldwide Plaza, in a deal valuing that building at $1.7 billion.  — Will Parker...

11/09/17
...Varick Street for $135 million; and a stake in One Worldwide Plaza, which values the building at $1.7 billion. The REIT opted to hang on to a...

11/07/17
...closed on the sales of a stake in One Worldwide Plaza, West 17th Street, and 218-220 West 18th Street. The portfolio’s retail holdings remain...

11/02/17
...August. The brokerages also teamed up to market One Worldwide Plaza, in which SL Green Realty and RXR Realty bought a 49 percent stake last month...

...of their listings. Case in point: the 1.8 million-square-foot One Worldwide Plaza. In January, the seller, New York REIT, was in the midst of liquidating its...

10/24/17
...From left: 16 Court Street, 1515 Broadway, Marc Holliday and One Worldwide Plaza Listed real estate investment trusts are acquiring U.S. properties at a steady clip...

10/04/17
...in contract to sell a 48.7 percent stake in One Worldwide Plaza to RXR Realty and SL Green Realty in a deal that values the tower...

09/29/17
...From left: 1515 Broadway, One Worldwide Plaza, One Vanderbilt and Marc Holliday Expect SL Green Realty to bring in more private...

09/28/17
...take the lead on a $1.2 billion refinancing of One Worldwide Plaza. Goldman, along with a consortium of lenders that includes Deutsche Bank, plans to securitize...

09/14/17
...Wendy Silverstein and One Worldwide Plaza (Credit: Getty Images) Foreign investors are becoming a rare species in New York’s...

09/12/17
...buy a 49 percent stake in New York REIT's One Worldwide Plaza, a property valued at $1.73 billion. The Real Deal first reported that the two companies...

08/23/17
...listings. The two brokerages are also jointly marketing One Worldwide Plaza, a 1.8 million-square-foot office tower. RXR Realty and SL Green are in advanced talks to...

08/23/17
...call questioned whether NYRT’s pending sale of One Worldwide Plaza, a 1.8-million-square-foot trophy Manhattan office tower, would fall short...

08/08/17
...the company bought the remaining 51 percent stake in One Worldwide Plaza, a 1.8-million-square-foot office tower. The next month, reports surfaced that SL Green Realty and...

...call questioned whether NYRT’s pending sale of One Worldwide Plaza, a 1.8-million-square-foot trophy Manhattan office tower, would fall short. Andrew Walker, of Rangeley Capital...

07/20/17
...recently made headlines with a blockbuster bid for One Worldwide Plaza, but another big investment rarely received attention. The real estate investment trust bought up...

07/12/17
...to land New York REIT's Midtown office tower One Worldwide Plaza after bidding $1.7 billion. The bid translates to around $810 per square foot, Real Estate Alert...

06/28/17
...Secured and CBRE are jointly marketing the 1.8 million-square-foot One Worldwide Plaza – as well as the 756,000-square-foot 1440 Broadway. Eastdil is also marketing the Viceroy Hotel on...

06/20/17
...of crown jewel in the portfolio – the 1.8 million-square-foot One Worldwide Plaza – as well as the 756,000-square-foot 1440 Broadway. Eastdil is also marketing the 240-key Viceroy Hotel...

...giant CBRE recently stepped in to jointly market One Worldwide Plaza with Eastdil, which initially had an exclusive contract on the property — a sign that...

05/11/17
...Wendy Silverstein and One Worldwide Plaza (Credit: Getty Images) Save the date: New York REIT expects the liquidation of its...

05/10/17
...One Worldwide Plaza and Wendy Silverstein New York REIT estimates that the planned sale of all its...
  • 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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