Vornado Realty Trust

Bloomberg has extended its headquarters lease through 2040 at 731 Lexington Avenue, a 56-story, mixed-use tower with breathtaking views of Central Park and panoramic vistas of New York City. Maintaining its exclusive occupancy, Bloomberg will retain all 946,815 square feet of office space at 731 Lexington Ave. To learn more, head to the link below. https://lnkd.in/egXFYkEc

Fast Company recently toured THE PENN DISTRICT, exploring its remarkable transformation into a vibrant, pedestrian-friendly tech hub. “Where once there was a FedEx, there is now a Blue Bottle Coffee. Just next door, there is an upscale sushi bar, a hip taqueria, a Roberta’s Pizza, and an Anita Gelato, both opening this month. The surrounding buildings have been retrofitted, reskinned, and repositioned for tech giants...and the stretch of 33rd street where I am sitting—between 7th and 8th Avenue—has become a pedestrian oasis called Plaza 33, complete with a swooping new entrance to MSG and Penn Station.” Read more about THE PENN DISTRICT’s transformation at the link below. https://lnkd.in/eZufHpyz

The Commercial Observer’s Spring State of Office Forum, held at PENN 2’s Town Hall and hosted by Vornado Realty Trust and Cushman & Wakefield, brought together key real estate leaders, including Glen Weiss, Vornado’s EVP, Co-Head of Real Estate & Office Leasing. The event took place in the 4,000 SF multi-use theater space suspended above Plaza 33. Executives discussed how they navigated 2023 to end the year on top, assessed market performance with 2024 Q1 data, and explored the trajectory of the office sector as tenant’s needs evolve.

The Real Deal recently toured PENN 2, led by Brad Zizmor of Architecture Plus Information (A+I) and Dan Shannon of MdeAS Architects, who designed the interior and exterior of PENN 2. Their collaboration focused on "designing from the inside out," emphasizing that an office worker’s experience extends beyond the office to the building’s surroundings. PENN 2 is an architectural icon that continues Vornado's WorkLife amenity ethos by featuring over an acre of outdoor terraces and various flexible tenant spaces for working, socializing, and private events. Read more about PENN 2’s $750 million transformation at the link below. https://lnkd.in/ekmEYCxE

Vornado Realty Trust's Rego Center, where nearly one million square feet of premier, value-driven retailers converge with over 300 luxury rental units, is now home to an interactive mural brought to life by Queens-based artist Rob Anderson. With a profound dedication to community engagement, Anderson's interactive mural serves as a beacon of creativity, drawing the community together as they collaborate to transform visions into vibrant reality.

555 California Street has been recognized by CleanPowerSF, an initiative that rewards customers for cutting down their energy consumption during peak demand periods on California’s electric grid. The 2023 season, spanning from July to October, witnessed the highest number of participants and the largest load reduction in the program’s history. We look forward to continuing our commitment to sustainability. To learn more, head to the link below. https://lnkd.in/dSXZxcAy

Vornado participated in the recent Rutgers University Career Fair, an event designed to enhance connections between employers and job seekers. Vornado was represented by employees who are also Rutgers University alumni, offering real-life success stories and career guidance.

Newsday Media Group recently highlighted Vornado Realty Trust’s $65 million transformation of Penn Station and the 33rd Street Plaza. In the article, a spokesperson for the New York City Department of Transportation called it a “world-class public space” in the heart of Midtown, “benefiting New Yorkers who live and work in the area, as well as those who travel through the busiest transportation hub in the Western Hemisphere.” To learn more, head to the link below.

We’re proud to be recognized with a 2024 Better Practice Award from the U.S. Department of Energy’s Better Buildings Initiative. The annual awards highlight select partners for innovative and industry-leading accomplishments in implementing and promoting practices, principles, and procedures of energy management. We have been honored for adopting organics collection in 100% of Vornado’s in-service office portfolio to achieve a nearly 65% diversion rate that kept over 1,600 tons of food waste from disposal and avoided over 14 MTCO2e. To learn more, click the link below.

Check out this new article in Design NYC Magazine highlighting THE PENN DISTRICT. 300 West 30th Street offers an exemplary display of form and function, and it’s only the beginning of THE PENN DISTRICT’s meteoric rise. “It’s very appealing for a purchaser to live in an area full of bold public and private investment,” says John Felicetti, vice president of Corcoran New Development, who exclusively handles sales alongside the Gavrilov-Grosso Team at Corcoran. “Our first buyers, the governor, and leaders in tech, restaurants, and real estate can all agree on one thing: The Penn District is New York’s next big neighborhood.” Read the full article at the link below.