Elevator World

Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com RECENT LEASES AT MANHATTAN OFFICE TOWER POINT TO RECOVERY Office tenants including investment firms U.A.E.-based Mamura Holdings LLC, MSD Partners and asset manager Nearwater Management recently signed leases with SL Green for space in the Kohn Pedersen Fox-designed One Vanderbilt, a new, 1,401-ft-tall supertall in Midtown Manhattan, Real Estate Weekly reports. A total of 11 new leases signed during the pandemic brings occupancy to 79% at the tower — which is served by a Schindler vertical-transportation system that includes 43 elevators and five escalators — and points to post-pandemic recovery. MSD will occupy 35,000 ft2 of space under a 10-year lease, and MSD, the entire 26th floor, under a 15-year lease. Steven Durels, executive vice president and director of Leasing and Real Property at SL Green, said the firm anticipates “leasing velocity to remain strong as NYC’s revitaliza