The push to revitalize New York City's aging office stock has taken a major step forward. RXR
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The gaming giant has finalized a nine-figure acquisition of municipal parkland in the Bronx, marking a major step forward for its planned casino development after securing state approval late last year.
RXR and One Investment Management have landed nearly half a billion dollars in financing to reposition a struggling Financial District office tower into nearly 800 rental units, marking one of the most significant adaptive reuse projects in downtown Manhattan.
386 Park Avenue South has secured three new tenants totaling over 65,600 square feet, with venture capital firm Primary Ventures and software company Sigma Computing each committing to approximately 26,250 square feet in the Manhattan property.