With three recent new leases, the Durst Organization and the Port Authority seem to be climbing out of a three-year slump to fill One World Trade Center.
The first new tenant after the dry spell was KiDS Creative followed by BMB Group, a London-based wealth-management company. Legends Hospitality is setting up its headquarters in the building and will also run One World Trade Center’s 1,766-foot-high observatory.
In total, this brings us to seven tenants who have signed to lease in the 3 million-square-foot building and more potential deals are in the works. The building is now 56 percent leased.
“There is leasing activity I can’t talk about,” a Durst spokesman told the New York Post.
Over the last few years, Durst dropped the rents for floors below the 64th. While rent started at $ 75 per square foot, it’s now $ 69. Higher floors still have higher rents. Anywhere higher than the 64th floor, rents are between $ 80 and $ 100 a square foot.
The building is scheduled to open at the end of the year. [NYP] — Claire Moses