Boston Properties helping redevelop Eighth Avenue

Steven Spinola

President, Real Estate Board of New York

The redevelopment of 8th Avenue continues with an exciting new project to be completed by Boston Properties this summer.  

This 38-story, one-million rentable square-foot, Class-A office tower is located on the easterly blockfront of 8th Avenue between 54th and 55th streets.

The building site is located at the western core of midtown, an area that has changed dramatically in recent years with other major projects like the Time Warner Center, the new Hearst Tower, and the three new hotels being built on the same block.

Offering stunning Hudson River and Central Park views, 250 W. 55th Street, features a two-story podium with a landscaped green roof on the third floor.

For the project, architectural firm Skidmore, Owings & Merrill created an updated version of the Lever House, designed by SOM more than 60 years ago.

The building’s exterior is made up of semi-reflective, low-iron glass and reflective vertical fins which add visual depth to the surface of the building. Additionally, Gensler was brought in to help plan the floor layouts.

The LEED gold-certified building was designed with 25,000 square foot column-free floor plates to be particularly efficient for law firms, with interior dimensions that work well for a variety of users. The building has 14-foot floor to floor heights allowing for 10-foot-high ceilings throughout, and utilized a 4’ – 9” window module that adds an additional office to each long face of the building.

Tenants for the new building include law firms Morrison & Foerster, Kaye Scholer and TD Bank. In addition to the high-end office space, the facility will also house 25,000 square feet of restaurants and retail space.

This project was part of the New York City Building Department’s Stalled Site Program, created in October 2009 to help protect the public from unsafe stalled construction and allow developers to renew their active work permits for up to four years so that construction could resume quickly once conditions permitted.

The Real Estate Board of New York strongly encouraged this program and is pleased that REBNY member Boston Properties benefitted from it.

Before the project stalled, the company made sure the building’s foundation was finished, the construction brought up to grade, and the steel was all fabricated. These actions helped bring the project back online significantly faster. Work resumed in the summer of 2011.

REBNY looks forward to the completion of 250 W. 55th Street, another exciting chapter in the redevelopment of 8th Avenue. 

In other REBNY News:

Don’t miss a great panel discussion of “Snap Shots: Creative Deals Outside the Box” during REBNY’s Members Luncheon from 11:45 am to 2 pm on Thursday, April 25, 2013 at the Hilton New York, 1335 Avenue of the Americas. Panelists are Kenneth F. Bernstein, President & CEO of Acadia Realty Trust; Christopher Schlank, Managing Partner at Savanna; and Michael Stern, Managing Partner of JDS Development. Robert A. Knakal will serve as the panel’s moderator. Tickets are $90 per person; $900 for a table of 10 and $1,080 for a table of 12. For registration, contact Desiree Jones at djones@rebny.com.

Join REBNY’s Sales Brokers Committee for the presentation of the real estate industry’s highest honors for commercial brokers. The Most Ingenious Deal of the Year Awards will be presented during the 69th annual cocktail party on Tuesday, April 23, 2013 from 5:30 to 7:30 pm at the 101 Club, 101 Park Avenue. To register, contact Desiree Jones at djones@rebny.com.