Boies, Schiller & Flexner today announced that the powerhouse law firm is relocating its New York City headquarters to 55 Hudson Yards, which is expected to open in 2018. Boies, Schiller & Flexner has leased over 83,000 square feet across three floors. The Boies, Schiller & Flexner lease represents the first commercial tenant commitment on the four acre Hudson Boulevard, the west side’s new Park Avenue.
55 Hudson Yards is being developed by Related Companies, Mitsui Fudosan America, Inc. (MFA), and Oxford Properties Group. Bill Morris, Principal and Arthur Mirante, President, Tri-State Region of Avison Young represented Boies, Schiller & Flexner in the transaction. Howard Fiddle of CBRE and Stephen Winter of Related represented the ownership group. Jonathan Schiller, co-founder and a Managing Partner of Boies, Schiller & Flexner said,
“We are excited to be relocating our New York office to one of the most vibrant neighborhoods in the city. Fifty Five Hudson Yards is a perfect fit for our firm. The building’s strong and bold design is consistent with our firm’s positioning, and the new headquarters will allow us to offer a contemporary, light-filled office environment to our employees. The building’s efficient core design was a key feature for us because we can reduce our leased area while still providing space to continue to grow our firm. This location and new building will help us continue to attract and retain the top talent, and we love the amenities and transportation access that will benefit our employees and clients.”
“Boies, Schiller & Flexner has a well-earned reputation as a forward thinking and innovative law practice and their move to Hudson Yards is emblematic of the entrepreneurial culture David Boies, Jonathan Schiller and Donald Flexner have created,” said L. Jay Cross, President of Hudson Yards.
“Their new space at 55 Hudson Yards will allow them to not only create a modern environment that better reflects their office culture, but it will also offer them convenient transportation access and a park-front location. Hudson Yards is quickly becoming the top choice for employers looking to surround themselves with not only best in class business leaders and visionaries, but also a dynamic neighborhood atmosphere and rich amenities.”
The anticipated LEED Gold, 51-story, 1.3 million gross square foot building commenced construction earlier this year and was designed by A. Eugene Kohn of Kohn Pedersen Fox (KPF). It is one of the few office buildings in the entire city that opens directly onto a park with the main lobby of 55 Hudson Yards sitting at the southwestern edge of the City’s new Hudson Park. The new No.7 subway station is adjacent to the building and will open this year. The exterior of 55 Hudson Yards was inspired by the revitalized High Line district, the manufactured cast iron exterior of SoHo commercial buildings and the best of early modernism.
While the building references the solid exterior of the City’s classic cast iron buildings, it also shares their expansive windows and interior light. 55 Hudson Yards will offer floor-to-ceiling glass throughout the building, bringing light streaming across the entirety of each floor and helping to promote the open skyline and river views it enjoys. Fifty Five Hudson Yards is one of a trio of office towers underway at Hudson Yards that includes 10 Hudson Yards, home to Coach Inc., L'Oréal USA and SAP, and 30 Hudson Yards, home to Time Warner Inc. Hudson Yards is the largest private real estate development in the nation’s history. It is anticipated that more than 24 million people will visit Hudson Yards every year.
The site itself will include 17 million square feet of commercial and residential space, more than 100 shops and restaurants, including New York City’s first Neiman Marcus and a signature restaurant by Thomas Keller, approximately 5,000 residences, a unique cultural space, 14-acres of public open space, a new 750-seat public school and an Equinox® branded luxury hotel with approximately 200 rooms – all offering unparalleled amenities for residents, employees and guests. The development of Hudson Yards will create more than 23,000 construction jobs, and when completed in 2024, more than 40,000 people a day will either work in or call Hudson Yards their home. Hudson Yards will be accessible to the entire region with connections to commuter rail, the subway system, the West Side Highway, the Lincoln Tunnel and ferries along the Hudson River. Grand Central Terminal is six minutes away by subway, and Penn Station, the nation’s busiest train station, a short walk. Construction on the 52-story 10 Hudson Yards is topping off and will be ready for occupancy in early 2016. The public space, residential and hotel towers and the retail complex will be complete in 2018 with occupancy at 30 Hudson Yards in 2019. For more information about 55 Hudson Yards please visit 55HudsonYards.com or hudsonyardsnewyork.com.
ABOUT BOIES, SCHILLER & FLEXNER: Boies, Schiller & Flexner (www.bsfllp.com) is one of the premier law firms in the United States, regularly serving as lead counsel in the biggest, highest-profile disputes and representing some of the world’s largest and most sophisticated organizations when the results matter most.
ABOUT RELATED COMPANIES: Founded over 40 years ago, Related Companies is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. The Company’s existing portfolio of real estate assets, valued at over $20 billion, is made up of best-in-class mixed-use, residential, retail, office, trade show and affordable properties in premier high-barrier-to-entry markets. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London, São Paulo and Shanghai, and is well-known for having developed the 2.8 million square foot Time Warner Center in New York City and the 72-acre CityPlace in West Palm Beach as well as being a leader in green building. For more information, please visit www.related.com
ABOUT OXFORD PROPERTIES GROUP: Oxford Properties Group is a global platform for real estate investment, development and management, with over 1,400 employees and over $20 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company's portfolio includes approximately 50 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of the OMERS Worldwide Group of Companies. For more information, please visit www.oxfordproperties.com
ABOUT MITSUI FUDOSAN AMERICA, INC: Mitsui Fudosan America, Inc. (MFA) is a real estate investment and development company headquartered in New York City and is the U.S. subsidiary of Mitsui Fudosan Co., Ltd. – Japan’s largest publicly traded real estate company. MFA’s history in the United States dates back to the early 1970’s. Since its inception, MFA has acquired and developed numerous office, multifamily and hospitality properties in major markets throughout the U.S. including: 1251 Avenue of the Americas in Midtown Manhattan; The Homer Building and 1200 17th Street in Washington D.C.; 270 Brannan Street in San Francisco and the renowned Halekulani Hotel in Waikiki, Hawaii. In addition to its significant portfolio of office buildings, MFA recently expanded its development platform, with several office and multifamily development projects launched in New York, San Francisco, and Washington D.C. For more information, please visit www.mfamerica.com
Boies, Schiller & Flexner: