News Summary
Global consultant Arup has signed a lease for 99,400 square feet at 140 Broadway in New York City, marking a significant relocation from 77 Water St. This move aims to enhance collaboration and adapt to the evolving needs of their clients. With a lease spanning 16 and a half years, Arup is committed to a long-term presence in a prime area of Lower Manhattan. Their previous location will be transformed into residential housing, reflecting a shift in urban development. Arup’s new space in the Financial District promises a fresh environment for innovation and teamwork.
Big Changes Ahead for Arup in New York City!
Amazing news is breaking out in the Big Apple! Global sustainable development consultant, Arup, is set to make a pivotal move by relocating its office within the vibrant heart of New York City. Buckle up, because this transition is expected to be nothing short of exciting!
New Digs at 140 Broadway
Arup has officially signed a lease for a hefty 99,400 square feet of office space at the stunning 140 Broadway, which towers majestically over Manhattan’s Financial District. This impressive 51-story office building is owned by Union Investment and marks a delightful fresh start for Arup as it seeks to elevate its collaboration efforts.
Say Goodbye to 77 Water St.
For over a decade, Arup has called 77 Water St. its home, but with a vision for a more dynamic and flexible workplace, they’ve decided to take the plunge. The new space will be nestled between the 17th and 20th floors of the 140 Broadway building, providing an incredible view of the bustling city below. Juggling the demands of local, regional, and global clients is no small feat, and this new location is designed to help Arup do just that!
Lease Details and Future Plans
The new lease spans an impressive 16 and a half years, which shows Arup’s commitment to establishing a long-term presence in this prime location. This decision comes at a time when Lower Manhattan’s office leasing activity is experiencing an uptick, steadily bouncing back from record lows. It’s an exciting sign that the city’s commercial heart is beating stronger!
What’s Cooking at 77 Water St.?
News surrounding Arup’s current office hints that changes are afoot for the building itself! The owner of 77 Water St., VanBarton Group, has plans to convert the existing office space into residential housing. This transition reflects a broader trend in urban planning and development, creating more living spaces in bustling areas.
Join the Movement!
As the office leasing climate shifts in Manhattan, it’s worth noting that the average asking rent in Downtown Manhattan sits at around $67.14 per square foot. This competitive rate offers a multitude of opportunities for firms looking to plant their roots in the city. Did you know that even after Arup’s move, 140 Broadway will still have approximately 300,000 square feet of office space available? It sounds like there’s plenty of room for more businesses to jump on board!
Arup’s Global Impact
With over 96 offices around the world, Arup is no newcomer to innovative projects. The company has played a significant role in designing architectural marvels like the illustrious Sydney Opera House, the stunning Water Cube in Beijing, and London’s iconic Aquatics Centre. Their expertise and commitment to sustainable development shine bright, promising a brighter future ahead.
Excitement in the Air
The energy surrounding this relocation is palpable, as colleagues are thrilled about transitioning to a fresh new environment that aims to foster teamwork and cutting-edge solutions. As they pack their boxes and prepare for this exciting chapter, Arup seems ready to make waves not only in their field but also within the inspiring backdrop of New York City.
As the story unfolds, New Yorkers can look forward to seeing how Arup’s fresh new office will transform the way they work and interact with the amazing city around them!
Deeper Dive: News & Info About This Topic
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- Architectural Paper: Pool Testing New York
- Google Scholar: Arup NYC Relocation
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- Encyclopedia Britannica: New York City
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- Google News: Arup New York
Author: STAFF HERE NEW YORK WRITER
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
