In a monumental Manhattan upheaval, IBM is relocating its thousands of Big Apple employees from ten different addresses into one – namely, to One Madison Avenue. The 328,000 square-foot lease was signed just hours ago on Monday and appears to be the largest new lease in the city so far this year.
The 1.4 million-square-foot One Madison is a redevelopment of SL Green, which is adding a new, glass-wrapped tower on top of the 19th Century limestone-façade original at the corner of East 23rd Street across from Madison Square Park. Construction is to wrap by November, 2023.
The Post called the project a risky, “$2.3 billion speculative plunge” by the developer in December 2020, when the city’s commercial world was shut down and no one knew what the future might hold.
Load More
Yorumlar
Kalan Karakter: