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Thread: 150 Greenwich Street - WTC Tower #4 - by Fumihiko Maki

  1. #2296

    Default

    Like the glass on this one better than 1. Anyway, nice chunk being leased.

    Silverstein’s 4 WTC leases 106,000 sq. ft. to MediaMath


    By Steve Cuozzo

    July 21, 2014 | 11:44am


    MediaMath came up with the right number for Larry Silverstein.
    The global technology company has signed a lease for 106,000 square feet at 4 World Trade Center, making it the 2.3 million square-foot tower’s first private-sector tenant.

    The deal has been in discussions for months but was only finalized Monday morning. MediaMath will move more than 300 employees from three Midtown locations into 4 World Trade’s 44th, 45th and 46th floors, Silverstein said.
    The asking rent was in the mid-$70s a square foot, sources said.

    The lease is a breakthrough for Silverstein. Skeptics about the need to fully build out the new World Trade Center picked on the fact that 4 World Trade had thus far signed only government tenants, supposedly because private-sector demand wasn’t there. (The city previously signed for 600,000 square feet and the Port Authority for 520,000). But they might have forgotten the lesson of Silverstein’s earlier 7 World Trade Center, which fully leased up after a slow start.

    Silverstein’s World Trade Center president Janno Lieber cited “a major shift in momentum favoring the World Trade Center.” He added that 4 WTC has been getting “serious attention from virtually every major tenant” just six months since it opened.
    The whole complex is drawing increasing interest from cutting-edge new media firms — Box Studios offshoot KiDS Creative recently signed a deal for over $90 a square foot at the Port Authority and the Durst Organization’s 1 World Trade Center.

    MediaMath was repped by a CBRE team led by Harly Stevens and Mike Rizzo. The landlord was repped in-house by Silverstein’s Jeremy Moss and a CBRE team including Mary Ann Tighe, Stephen B. Siegel, Ken Meyerson and Evan Haskell.

    http://nypost.com/2014/07/21/silvers...-to-mediamath/

  2. #2297

    Default Another article, but with an interesting stat

    NEW YORK — A digital marking firm has leased 106,000 square feet at World Trade Center 4, the building's developer said today, making the firm the office tower's first private-sector tenant.

    The developer, Silverstein Properties, announced that MediaMath has signed a 15-year lease for the space on the 44th, 45th and 46th floors of the 72-story building. MediaMath will relocate 300 of its employees from three midtown Manhattan locations into WTC 4 in early 2015, Silverstein said.

    MediaMath, a global technology company specializing in digital marketing, was founded in 2007. The firm joins New York City and the Port Authority of New York and New Jersey as tenants in the 977-foot-tall office tower.

    "MediaMath joins a growing and diverse group of companies that have made long-term commitments to the new World Trade Center, and becomes the first global marketing technology company to commit to 4 WTC," Silverstein said in an announcement. "As DoubleClick anchored Midtown South, as Google anchored the Meatpacking district, having an anchor technology leader provides a magnet for others. This comes on top of more than five million square feet of office space that has been leased at the WTC by such blue-chip tenants as Condé Nast, Moody's, GroupM, BMI, Omnicom, WilmerHale, Fast Company and Inc. magazines."

    WTC 4 is one of three towers being developed at the trade center site by Silverstein, which had entered into a 99-year lease on the site a month before the terror attack of Sept. 11, 2001.

    Silverstein said the MediaMath deal means that 70 percent of the 7.4 million square feet at trade center towers 1, 4 and 7 has now been leased.

    WTC 4, which scrapes the sky at 977 feet tall, was designed by architect Fumihiko Maki to meet a LEED Gold standard of sustainability, Silverstein said. It is a shorter cousin to the 1,776-foot tall WTC 1, the nation's tallest building and the centerpiece of the redeveloped trade center site.

    The Port Authority, now headquartered on Park Avenue just above Union Square, will occupy 520,000 square feet of space at WTC 4, while the City of New York's human resources offices will occupy another 600,000 square feet.

    http://www.nj.com/news/index.ssf/201...l#incart_river

  3. #2298

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    So...is Silverstein's philosophy really that flawed?

    I assumed he used that as a reason to build the tower. Tenants can say whatever they want when the tower is on a sheet of paper, hell, they're still entitled to walk away from the deal, but a full scale building can do wonders.

  4. #2299
    Fearless Photog RoldanTTLB's Avatar
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    Flawed in what way? Saying Doubleclick anchored midtown south and google anchored the meatpacking district even though both companies were in the exact same building before Google bought Doubleclick?

  5. #2300
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    This thing is so clean.

  6. #2301

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    Quote Originally Posted by RoldanTTLB View Post
    Flawed in what way? Saying Doubleclick anchored midtown south and google anchored the meatpacking district even though both companies were in the exact same building before Google bought Doubleclick?
    No, I mean Silverstein's "If you build it, they will come" philosophy. I don't think anyone could have gotten luckier to have been given an ultimatum to rent 400k sqft of space in Tower 3 and then land an anchor tenant.

  7. #2302

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    Quote Originally Posted by nykid17 View Post


    This thing is so clean.
    The roads around the area will need repaving. Some day.

  8. #2303

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    Quote Originally Posted by IrishInNYC View Post
    The roads around the area will need repaving. Some day.
    NYC - especially Manhattan - has some of the worst roads (if not THE worst roads) in the country, and also in pretty much any First World country... I know the roads see a lot of traffic that wears them down, and that the sheer amount of "crap" (electricity, phone, broadband, water, gas, subway, sewage, etc.) under every road in NY means they're constantly being partially dug up and patched up ... but still. WTF?

  9. #2304

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    Quote Originally Posted by Stroika View Post
    NYC - especially Manhattan - has some of the worst roads (if not THE worst roads) in the country, and also in pretty much any First World country... I know the roads see a lot of traffic that wears them down, and that the sheer amount of "crap" (electricity, phone, broadband, water, gas, subway, sewage, etc.) under every road in NY means they're constantly being partially dug up and patched up ... but still. WTF?
    Expand that catchment area to all of the metro area. Jersey roads are horrendous too but Manhattan is truly shocking in places.

    When I return home to Ireland it feels futuristic driving along perfectly smooth, richly black-topped roads with pin point road markings. All of Europe for that matter is much the same.

    Understandably the sheer congestion under the city streets makes upkeep a nightmare. They recently paved a huge length of 1st Ave. It will be crisscrossed and pock marked by ECS burrowing in no time.

  10. #2305

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    I coulda sworn they were going to put pavers in all the roads around the WTC.

  11. #2306
    Build the Tower Verre antinimby's Avatar
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    Bad, potholed and poorly maintained roads is really a phenomenon that happens in eastern and midwestern U.S. cities and particularly in the Northeast.

    Go to other parts of this country and the roads are generally smooth. Exception is San Francisco and Seattle but even they are nothing like the NE.

  12. #2307

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    Hopefully they'll repave Liberty and Greenwich Street once they've completed the section between West Street and Church Street. I expect the same to happen there too, as it is for nearby Broadway.

  13. #2308

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    Quote Originally Posted by antinimby View Post
    Bad, potholed and poorly maintained roads is really a phenomenon that happens in eastern and midwestern U.S. cities and particularly in the Northeast.

    Go to other parts of this country and the roads are generally smooth. Exception is San Francisco and Seattle but even they are nothing like the NE.
    It's the cold.

  14. #2309

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    From what I saw today at Church & Liberty, more sidewalk space around 4WTC should be opening soon. While this is undoubtedly good news, I was quite dismayed to find two parallel rows of bollards bottlenecking Church Street. Whoever can convince me that this particular design feature was well warranted will receive a free chicken dinner.

  15. #2310

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    Apparently the entirety of the WTC complex is surrounded by security bollards. Basically any major venue has bollards to control foot traffic, I hear.

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