It’s Sloan alone
Cancer Center leases 330 E. 62nd
MEMORIAL Sloan Kettering Cancer Center has leased the entire new medical building under development by Joy Construction and Maddd Equities at 330 E. 62nd St.
Along with a 48-year lease, the cancer hospital, which has tentacles throughout the neighborhood, has options to purchase the more than 100,000-square-foot building as well as the right of first refusal. According to New York City documents, the lease was valued at just under $86 million.
Eli Weiss, principal and director of development for Joy, said they waited for the highest and best use. “Zoning there is curated … and favorable to community facilities.” Justin DiMare and Howard Kesseler, from Newmark Knight Frank, marketed the building.
Designed by Karl Fischer Architects, DiMare says it was positioned “to meet the growing demand for new medical space on the Upper East Side.”
Last year, the Newmark team completed a deal with the same developer and the Hospital for Special Surgery for a new ambulatory surgical center at 1233 Second Ave.
In 2015, they helped orchestrate a land swap between the city and MSKCC at 525 E. 73rd St. where the new David Koch Center for Cancer Treatment has just topped off
Rents for the rare new medical space on the Upper East Side are now at least $65 per foot.
An 11-acre site near JFK airport now used for parking is being pitched to supermarkets and shopping center tenants.
Long owned by Linx Industries, a family company led by principle Arik Kislin, the site straddles both Queens and Nassau County on the east side of Rockaway Boulevard. The parcel is just southeast of the road’s intersection with Brookville Boulevard.
The property’s southern border already hosts a Lowe’s, K-Mart, TJ Maxx and others, plus plenty of residential units in the Five Towns of Long Island.
The site was once considered for a series of townhouses geared to those 55and-over, but as retail became stronger, Kislin says the company switched gears.
“Fifty-five would have been fantastic but the family decided to keep the site for the long run,” he said.
“Now, retail is a sensitive subject but food hasn’t been affected as much as everything else. Not everyone is getting peaches and milk from Amazon,” Kislin said. Broker Kenneth Schuck
man of Schuckman Realty is marketing the 75,000square-foot project that will be built on five acres so as not to interfere with nearby wetlands.
Any supermarket anchor is expected to pay $40 to $45 per square foot. End cap space in the Nassau County portion is estimated at $60 to 70 per foot while a pad site should garner $100-plus per foot.
Already, there is a letter of intent with Starbucks, Kislin said. With over 77,000 cars a day passing by along Rockaway Boulevard, he added, “We think a grocer is ideal.”
A brass band played, huge flags flew and Gov. Cuomo cut a ribbon to open the first half of the new Tappan Zee Bridge on Sunday.
Now named the Governor Mario M. Cuomo Bridge for his father, threetime governor Mario Cuomo, the moniker is so unpopular in both Westchester and Rockland counties that Gannett’s Journal News wrote an entire article to explain that AP style requires them to call it by its official title.
But everyone else can keep calling it the Tappan Zee, which honors the local Native American tribe.
The 3.2-milelong bridge, its eight, 419-foot tall towers, its 192-giant stay cables and 82 under piers, were lighted for several nights. Just like the New York City bridges controlled by the state, its colors can be changed for events such as the Fourth of July.
The second part of the bridge is expected to be open by year’s end.