BOMA New York’s Post

https://lnkd.in/eV7VCKpG Many leases are being quietly negotiated and signed. The Plaza District and Park Ave. near Grand Central are filling up as companies see the need for speed to get the spot they want signed, sealed and delivered before it's too late. No kidding. Meanwhile it can take 5 years or more years to get a new building built and the tenant moved in. And if a tear down is required, such as at 350 Park, it may be nearly a decade. What's your timeline? How far out are your clients looking? Even the city's "newest" buildings in Times Square are already 30 years old!

Lansdale Revitalization: Mixed-Use Developments - Growing & Thriving Soleil Luna Hair Salon expands and moves to new location. Day One at their new location on Madison Street in the Lansdale Station Apartment complex. Challenges to Mixed-Use Developments: Lansdale Station is a 180 unit, upscale apartment complex in Lansdale’s downtown. Part of the project’s redevelopment included 7,500 sq/ft of mixed-use retail space. Property owners had the initial lease rates at 64% above the average lease rate in Lansdale’s downtown. There has been considerable interest in this prime location and we have toured scores of prospects through the site. However, as a result of the higher lease rates securing a tenant proved insurmountable. As a result the first floor commercial space sat vacant for more than five years, until now. Solution: The property owners reevaluated their lease rates, adjusted them to align with the community’s norms and have now begun to lease the spaces. #makeitmontco #chamberGMC #discoverlansdale #northpennnow #johnernst #soleillunahairsalon #barthconsultinggroup

Lansdale Revitalization: Mixed-Use Developments - Growing & Thriving Soleil Luna Hair Salon expands and moves to new location. Day One at their new location on Madison Street in the Lansdale Station Apartment complex. Challenges to Mixed-Use Developments: Lansdale Station is a 180 unit, upscale apartment complex in Lansdale’s downtown. Part of the project’s redevelopment included 7,500 sq/ft of mixed-use retail space. Property owners had the initial lease rates at 64% above the average lease rate in Lansdale’s downtown. There has been considerable interest in this prime location and we have toured scores of prospects through the site. However, as a result of the higher lease rates securing a tenant proved insurmountable. As a result the first floor commercial space sat vacant for more than five years, until now. Solution: The property owners reevaluated their lease rates, adjusted them to align with the community’s norms and have now begun to lease the spaces. #makeitmontco #chamberGMC #discoverlansdale #northpennnow #johnernst #soleillunahairsalon #barthconsultinggroup

Exciting transformations are happening in this historic neighborhood! Known for its blend of vintage charm and modern affluence, Jackson Square is thriving amidst a changing urban landscape. 🏢📈 Real estate prices here have hit their highest mark in a decade, and new office leases are booming! Companies like Canva, Bain Capital, and Snap Inc. are choosing Jackson Square for its unique energy, cleanliness, safety, and stunning green spaces. Major investments, like the nearly $1 billion renovation of the iconic Transamerica Pyramid by Michael Shvo, are reshaping the area. Jony Ive's LoveFrom campus is also driving up property values, making Jackson Square a prime spot for innovation and creativity. If you're considering a move, now is the time to explore Jackson Square. Whether you're looking for a chic office space or a luxurious residential vibe, this neighborhood offers the perfect blend of history and modernity. 🏙️ 📲 Text us for exclusive listings and insider info on this hot market! Let's make your real estate dreams a reality in Jackson Square. ✨🔑 Justin Goldberg I DRE 01705028  M: 415-533-9202 #jacksonsquare #sanfrancisco #realestate #historicneighborhood #urbantransformation #luxuryliving #officespace #realestateinvesting #propertyvalues #innovation #realestatesuccess #realestateagent #realestateagentsf #realestatesf #agentsf #realtorsf #toprealtorsf #sfhomes #sflistings #sanfranciscohomes #luxuryrealestate #california #compass #compasssf #sanfranciscorealestate #compassagents #goldberggroup

Transformative Redevelopment of Willow Bend Mall in Plano Approved The Plano Planning & Zoning Commission has given the green light to Centennial's ambitious redevelopment plan for the Shops at Willow Bend. This project aims to rejuvenate the mall, located at the Dallas North Tollway and West Park Boulevard, into a vibrant mixed-use space. *Key Highlights:* 1. *Revitalization Plan:* The plan includes reducing the enclosed retail area to make way for an outdoor shopping streetscape, aligning with modern consumer preferences. 2. *Mixed-Use Development:* The project proposes the addition of 965 apartments, an 18-story hotel, and a seven-story office building, transforming the mall into a dynamic, multi-functional space. 3. *Community Impact:* Despite some concerns about the scale of the development, there was no opposition from citizens at the commission meeting. 4. *Economic Growth:* Steven Levin, CEO of Centennial, highlighted the potential for this project to become a significant tax-generating asset, drawing parallels with Austin's successful The Domain project. This redevelopment marks a significant step in adapting traditional retail spaces to meet evolving urban needs, offering a blend of shopping, living, and working spaces. https://lnkd.in/gXwYCVWC #landdevelopment #CRE #dfwrealestate

Today's Did You Know in Commercial Real Estate Recent news surrounding the Flatiron Building in Manhattan has focused on its conversion from office space to residential units. The current owners—GFP Real Estate, The Brodsky Organization, and The Sorgente Group—are pushing forward with plans to transform the iconic building into 60 luxury condominiums. This comes as the building has remained vacant since 2019, when Macmillan Publishing left, and amid high office vacancy rates in Midtown Manhattan. The developers filed an application with the city to convert approximately 200,000 square feet of space into residential units, leaving only a small portion for ground-floor retail. Reports disclosed that the conversion may start in 2025. The Flatiron Building's distinctive triangular shape and historic status is said to remain largely unchanged, though it will undergo internal renovations to modernize it for residential use. This shift is part of a broader trend in New York City, where older office buildings are being repurposed to meet the growing demand for luxuryhousing. LEARN MORE: www.nyccrea.com FOLLOW US: Facebook: https://lnkd.in/gqGzQetJ Instagram: https://lnkd.in/gCX3yNkw LinkedIn: https://lnkd.in/ghpstcR8 #NYCCREA #NewYork #CommercialRealEstate #Leased #Sold #DouglasEllimanCommercial #DouglasElliman #DouglasEllimanNewYork #LlorensNakos #Llorens_nyccrea #AndreasNakosRealtor

When it comes to #flippinghouses, layout changes create the biggest profits because retail buyers want large master suites, open-concept living areas, and plenty of storage. In houses smaller than 1400sf, creating all those features can be exceedingly challenging, but that’s our favorite part of the process, and we can spend hours walking, measuring and discussing the best use of space in a home in order to properly assess renovation costs and possible after-renovation retail value, two very important numbers when calculating whether an investment makes the cut. Lena and Stephen have worked together since the day they met in 2007, first in professional photography, and then in real estate starting in 2015, and you could say they bond over finding the best layout solution for a given investment property. Watch how they work together in this recently-acquired East Atlanta acquisition to design a master suite worthy of the top buyers in the market. #professionalinvestor #eastatlanta #EAV #homelayout #layoutchanges #investmentrealestate #homedesign #interiordesign #atlantarealestate #atlantarealestateinvestor

Here's one of Brooklyn's best kept secrets 🤫 This deal is bound to turn some heads. 🏛 Introducing the Iconic Coignet Building A landmark of architectural beauty in the heart of Gowanus, Brooklyn. Nestled next to Whole Foods, this immaculate single-tenant corner commercial building is a solid gem. 🡾 Versatility & Potential The building spans 2,360 GSF with open floor plates for endless build-out possibilities. Imagine transforming this space into a vibrant boutique, an innovative office, or even a bespoke residential loft. 🡾 Zoning & Occupancy The CofO is for commercial use on the ground level residential use on the second floor, while the lot carries flexible M2-1 commercial zoning designation. The building will be delivered vacant, making it an ideal setup for a business owner seeking a standout flagship location or for those looking to blend working+living in a one-of-a-king historic setting. 🡾 Restoration & Recognition The building's façade underwent a $1 Million restoration in 2016, further cementing its status as a local landmark. Its historical significance is matched only by its modern-day potential. 💬Comment or 🔁Repost if you think this is just a really cool building. RIPCO exclusive brought to you by Stephen R. Preuss Sr. and yours truly. #CommercialRealEstate #CRE #NYCrealestate #BrooklynRealEstate #InvestmentProperty #luxuryretail #flagshipstore #retailnews

The Most Prestigious Manhattan Co-ops Cooperative housing found fertile ground in Manhattan during the early 20th century. Although the concept emerged earlier, it wasn’t until the post-World War I boom that co-ops truly flourished. Soaring rents and a burgeoning population fueled a demand for luxurious, stable living arrangements. Cooperative housing offered a solution, allowing residents to purchase shares in a building corporation and own a piece of the Manhattan dream. This era, particularly the 1920s and 1930s, witnessed a golden age for Manhattan co-ops. Visionary architects like Rosario Candela and Emery Roth capitalized on the desire for grandeur and permanence. Candela, often called the “Michelangelo of Apartments,” became synonymous with pre-war elegance. His iconic Park and Fifth Avenue buildings boasted palatial layouts, top-of-the-line finishes, and white-glove services, forever altering the Manhattan skyline. Today, their buildings are considered the finest in Manhattan. https://lnkd.in/ehWrh6Y4 #realestate #manhattan #homes #luxuryrealestate