I suspect that an office tower on this ite will be a banal 500 to 700 foot box, but I'd rather have that than an eternally empty lot. I'm sure that BP, SLG, Related, and Extell would love to partner with Soloviev.
https://therealdeal.com/new-york/2026/06...s-record-400-rent-at-9-west-57th-street/
Soloviev eyes record $400 rent at nearly full 9 West 57th Street
Looks to set new record as developer inks another $300 deal at iconic tower
Quote:
By Rich Bockmann
Manhattan office leasing is red-hot. But is it $400 a foot hot?
Stefan Soloviev is marketing an office space at 9 West 57th Street that, if achieved, would shatter the $327 record rent his building achieved earlier this year.
His Soloviev Group is eyeing $400 per square foot for the 11,155-square-foot space on the 50th Floor, one of two remaining spaces in the 1.5 million-square-foot tower.
“Filling 9W is something that has never been done before and has always been a moderate goal of mine because I put a lot of time into this building throughout my life,” Soloviev told The Real Deal. “My father assembled 17 parcels and bet everything he had to build this amazing building and though our business styles clashed — as did we — it’s somewhat satisfying that through it all we collectively made 9 West 57th Street the best building in the world.”
Soloviev’s father, Sheldon Solow, developed his iconic office tower in 1974, and famously kept portions of the building empty because he was so selective about the kinds of tenants he allowed at the exclusive address.
Soloviev — who clashed with his father and spent much of his career building a farm-and-agriculture empire across the U.S. heartland — took over the tower when his father died in 2020 at the age of 92. He’s spent the last several years modernizing the crown jewel in the family portfolio, which was beginning to show signs of its age and slip behind newer towers. To help attract new tenants, the company is debuting a new 20,000-square-foot amenity floor with Central Park views, executive dining and a hospitality area.
Over the last few months Nine West has inked a pair of leases in the $300 range — a figure that until recently was uncharted territory.
In April, Soloviev announced he had signed a 5,000-square-foot lease on the northwest corner of the 50th floor at $327.50 per square foot, topping the previous high-water mark at SL Green’s One Vanderbilt, which in 2022 signed a 9,871 square-foot deal on its highest office floor with the Canadian waste management company GFL Environmental.
|
Prev
Linear Mode
