By: Lance Leighton | Hedge Fund Spaces Blog
As more and more finance, technology, media, advertising and information companies are being priced out of Midtown and Midtown South, the next big thing has become Lower Manhattan. With companies such as Goldman Sachs, American Express, Moody’s, Harper Collins, Group M, Conde Nast, McMillan Publishing, and a plethora of other financial and creative users inking large deals Downtown, the precedent has been set that this is the new hip and cool place to be. Accordingly, the demand for office space around the World Trade Center areas have improved dramatically. Though the interest has spiked and the market improved tremendously, the most highly anticipated commercial real estate to hit the market has yet to come. The new World Trade Center development sites, specifically 4WTC, will have some of the best product to ever hit the market in New York City and perhaps the world.
Courtesy of Silverstein Properties, HedgeFundSpaces.com had the honor and privilege of a private tour at 4 World Trade Center. Though we have seen some of the most breathtaking office space availabilities to date, 4 World Trade has perhaps taken the crown. As one of the most advanced office buildings of the 21st Century, this building is absolutely INCREDIBLE. Designed by Pritzker-prize winning architect Fumihiko Maki, this steel and glass structure measures 72 floors and boasts over 2.3 million rentable square feet of office space.
Upon entering the building, tenants and guests are welcomed into an exquisite main lobby with 46’ ceilings and floor-to-ceiling glass. The luxury finishes such as imported granite, marble and wood add to an unparalleled sensory experience that executives, employees and guests can expect every time they enter the trophy asset. After registering with security and going through the turnstiles, the state-of-the-art, high-speed dispatch elevators zoom to the upper floors in no time, where tenants will have unrivaled 360 degree views. With 13’6” slab heights and 10’ finished ceilings, the floor-to-ceiling glass exemplifies the views, light and air sought after by high-end tenants seeking out brand new construction. With column-free floorplates, the building is suitable for any hedge fund, private equity firm, investment bank, family office, or financial services firm seeking best in class office space. Though similar space in Midtown would command a triple digit number, ownership is asking $75 on the partial 44th and will divide and build-to-suit an incoming tenant’s needs.