NEW YORK | 250 W. 55th St | 592 FT/ 180 M | 40 FLOORS

[uaarkson]

That view is going to be extra superb soon, with Mercedes House, the BIG Pyramid, 250 W. 55 St., 1715 Broadway, and all the 57 St. supertalls. 21st century New York marches on!

[babybackribs2314]

From today, full update:

http://www.yimbynews.com/2012/05/con...55th-gets.html

[CarlosV]

cloudy hazy day so the tower was not as shinny as before...


IMG_4549 copy by Ceva321, on Flickr

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IMG_4550 copy by Ceva321, on Flickr

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IMG_4551 copy by Ceva321, on Flickr

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[reencharles]

My gosh... The first pic is amazing. Great angle!
Thanks for update...

[NewYorkDominates]

Law firm expands to 180,000 s/f at topped out Boston Properties tower
11:28 AM, JUNE 6, 2012



http://www.rew-online.com/2012/06/06...perties-tower/

"The firm’s original 15-year lease, for approximately 180,000 s/f on floors 17 through 23, was signed just over a year ago. The latest agreement tacks on the 25,000 s/f 24th floor, for a total of roughly 20 percent of the building."

[NYguy]

Originally Posted by NYguy

http://blogs.wsj.com/developments/20...fice-building/

In Manhattan, ‘Topping Out’ a New Office Building



May 21, 2012
By Laura Kusisto

Another look from Daniella Zalcman

[John Q. Public]

This weekend, on schedule, they are removing the crane on West 54th Street, with the one on 8th Avenue to follow in about 5 weeks. A great photo op today.

[Theoryg]

Originally Posted by NYguy

http://www.rew-online.com/news/story.aspx?id=514

Morgan Stanley troubles shed light on delayed Proskauer deal
Financial firm likely can no longer shell out financial incentives to make 250 West 55th Street deal happen

Daniel Geiger
11/25/2008

For months, talks have dragged on for a roughly 500,000 square feet deal that the law firm Proskauer Rose was said to be in negotiations to take at 250 West 55th Street, a new office tower on Eighth Avenue that is being developed by Boston Properties.

There has been speculation that the deal will crumble amid the sagging economy or that Proskauer has leveraged the uncertainties in the office market to improve the economics of its deal. Other brokers say that it is going along smoothly and that large deals simply require months of negotiations to hammer out.

Astory yesterday in The Wall Street Journal sheds light on what could be one major complicating factor.

The Journal wrote about the panic that engulfed Morgan Stanley in September, just after Lehman Brothers collapsed and how rival firms may have spread false rumors that the investment firm would also fall in order to profit on short positions and other complex investments they had betting against the firm.

Morgan Stanley’s shares plummeted and even though the firm reorganized within a more stable structure, a bank holding company, its stock price still hasn’t recovered.

Morgan Stanley was said to have played a role in Proskauer’s deal at 250 West 55th Street when it was first being negotiated late last year. Both firms have space in 1585 Broadway and Morgan Stanley was said to be offering Proskauer financial incentives to vacate the building so that the investment firm could have the building’s 1.3 million square feet of space all to itself. It’s easy to see, given the magnitude of Morgan Stanley’s troubles described in the article, how sweetening such a real estate deal would have become impossible for the embattled firm.

And given the slowdown in the office market, it’s also clear that Proskauer would be more sensitive to having to pick up the premium rents that Boston Properties is seeking for the space without any contribution from Morgan Stanley.

Hence the talks that appeared to go on and on.

It is a great design the only one I have seen for New York ina number of years that makes me notice. I just hope the towers shape does not break the street and canyon wall. The images suggest it would be buldging across the street line as if NY needs a tower imposing into too much.

[babybackribs2314]

From a few days ago:

http://www.yimbynews.com/2012/06/con...5th-nears.html

[CarlosV]

IMG_4809 copy by Ceva321, on Flickr

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IMG_4812 copy by Ceva321, on Flickr

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IMG_4810 copy by Ceva321, on Flickr

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IMG_4814 copy by Ceva321, on Flickr

[ThatOneGuy]

It looks 100X better with base glass

[NYguy]

http://www.commercialobserver.com/20...ters-decision/

Microsoft Close To NYC Headquarters Decision




By Daniel Geiger 6/22/12

In a leasing market starved for activity, eyes in the brokerage business have turned to Microsoft, which is on the cusp of a roughly 225,000-square-foot lease for its Manhattan headquarters.

The software company, according to sources with direct knowledge of its real estate decision making, has whittled its choices to two locations, a renewal at its current home in 1290 Avenue of the Americas or a move to a new office tower being built on Eighth Avenue by Boston Properties, 250 West 55th Street.

Both locations can fullfill what Microsoft has made a key requirement in its search; ground floor retail space that will give the company the ability to have its own entrance as well as host events and meetings.

[TechTalkGuy]

That would be pretty cool for Microsoft.

[NewYorkDominates]

Originally Posted by fish

That would be pretty cool for Microsoft.

Now all we need is for Apple to move to 2WTC.

[TechTalkGuy]

Originally Posted by NewYorkDominates

Now all we need is for Apple to move to 2WTC.

That would be so perfect -- then a genuine Apple store (like the one at their Cupertino location) with apparel (hats, T-shirts, logo items, etc.) would be available to the NY public !!

[ThatOneGuy]

No, Microsoft should rent the top half of the building and Apple the bottom half. See how that plays out.

[babybackribs2314]

Yesterday & full update:

http://www.yimbynews.com/2012/06/con...sing-from.html

[aquablue]

a nice tower that adds a little light and class to what is arguably one of the ugliest and depressing zones of the city in terms of buildings.

[yankeesfan1000]

Boston Properties gets second large tenant for Midtown tower
July 03, 2012 01:00PM



"Boston Properties is on the verge of landing a second large tenant for its under-construction Midtown office tower in Kaye Scholer. Crain’s reported the law firm signed a letter of intent to move to 260,000 square feet at 250 West 55th Street from its current offices at 425 Park Avenue. The 1 million-square-foot new building is slated to open in 2014.

Scholer has agreed to pay an average of $85 and $90 per square foot over the course of a 20-year lease at the tower, located between Broadway and Eighth Avenue. Scholer could not renew its lease at its Park Avenue building because its owner, L&L Holding, will be demolishing most of the building once all its leases have expired to build a new tower..."

[JACKinBeantown]

So what does that mean for 425 Park? Is that a known project?

edit... Yes it is.