The Real Deal reports that an affiliate of Ruder Finn has acquired the five-story, 34,000 square-foot commercial building at 425 East 53rd Street, in Midtown East, for $30.7 million. The building will be converted to office space to house the firm’s new headquarters, and Spagnolo Gisness & Associates is designing. The currently occupying tenants will vacant the building this summer.
Crain’s Business reports Nike has leased 147,000 square feet of office space at the Durst Organization’s 42-story, 570,000 square-foot mixed-use building at 855 6th Avenue, in Midtown South. The third through sixth floors will by occupied by Nike, and their lease will include the 15,000 square-foot outdoor deck. The building was revealed by YIMBY in 2014, and completion is expected in early 2016.
BNF Realty has filed applications for a six-story, 37,620 square-foot automobile manufacturing facility spanning 607-611 West 47th Street, on the Far West Side, past Eleventh Avenue. Bohler Engineering NY is the architect of record, and an existing two-story auto-repair shop must first be demolished.
The famed Rizzoli Bookstore at 31 West 57th Street has bitten the dust, to be replaced by a “seven-star” hotel developed by the LeFrak Organization and Vornado Realty. The 109-year-old shop between Fifth and Sixth Avenues shuttered a year ago, despite the efforts of preservationists who tried to get Landmarks protection for the interior.
Per The Real Deal, Raphael Toledano has acquired the six-story, 39-unit rental building at 125 West 16th Street, in southeastern Chelsea, for $41.5 million. The new owner plans to add two stories and 20 units to the top of the building, and the existing structure will also be renovated. Madison Realty Capital provided $34 million for the purchase and construction costs.
