News: Brokerage

Harvey expanding office at Columbia Property Trust's 315 Park Ave. South

Manhattan, NY Columbia Property Trust, Inc. has secured a full-floor lease expansion with Harvey at 315 Park Ave. South, its 20-story office building located in Midtown South’s Flatiron District.

Harvey is doubling its space to 34,100 s/f. The San Francisco-based generative artificial intelligence firm, which initially leased the 17,050 s/f fifth floor earlier this summer, has added the entire 17,050 s/f seventh floor. Harvey, which is backed by OpenAI, Sequoia Capital, Kleiner Perkins, and Google Ventures, is dedicated to building the future of professional services.

Columbia Property Trust was represented in-house by Maria Blake and Ted Koltis, in addition to a Newmark team of David Falk, Peter Shimkin and Jonathan Fanuzzi. Harvey was represented by JLL’s Todd Stracci, Hugh Scott and Jack Nelson.

“We’re thrilled to be able accommodate Harvey’s expansion needs so soon after establishing their New York office at 315 Park Ave. South,” said Columbia Property Trust’s head of real estate, Ted Koltis. “Harvey’s decision to quickly double its presence is a testament to their continued success as well as to 315 Park Ave. South’s ability to attract cutting-edge firms to a world-class working environment in one of New York City’s most vibrant neighborhoods.”

The 332,000 s/f tower is home to a range of prominent technology and finance firms, including PitchBook and Twitch. Its retail spaces are currently occupied by luxury fitness chain Equinox, the robot-run food purveyor Kernel, and Just Salad.

The century-old building blends classic exterior architecture with modern building systems. Columbia has instituted and maintains a series of technology and operating enhancements that emphasize occupant health, wellness, and safety, earning the tower ENERGY STAR, Fitwel, LEED Gold, and WiredScore Platinum certifications. 315 Park Ave. South also received the Building Owners & Managers Association (BOMA) of New York’s 2022 Pinnacle Award for Operating Building of the Year.

The building provides exceptional transit access and walkability to Madison Square Park, Gramercy Park, and a wealth of upscale food options, hotels, and shopping.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent