Van Valkenburg Doubles Down in Brooklyn
In what appears to be a vote of confidence in the future of Brooklyn Bridge Park, the project’s landscape designer, Van Valkenburg Associates, is moving from its Union Square offices to 16 Court Street, just a few blocks from the new waterfront park. According to The Observer, the 30-person office will occupy the entire 11th…
In what appears to be a vote of confidence in the future of Brooklyn Bridge Park, the project’s landscape designer, Van Valkenburg Associates, is moving from its Union Square offices to 16 Court Street, just a few blocks from the new waterfront park. According to The Observer, the 30-person office will occupy the entire 11th Floor (12,000 square feet) at the SL Green-owned tower overlooking Borough Hall. So what prompted the move? In addition to the proximity to Brooklyn Bridge Park, it turns out that most of the firm’s employees live in Brooklyn and, as of last summer, so does Mr. Van Valkenburgh and his wife. They paid $3,400,000 for a fourth floor apartment at the tony One Pierrepont Street. There’s hope for all the struggling landscape architects out there after all! GMAP
Luckily and because of their great work, MVVAssociates is busy all over the world.
Yeah, BHA. You can bet the rent at 16 Court is half what it was in US.
“In what appears to be a vote of confidence…”
Actually, it appears to be belt tightening. Architectural contracts are falling off a cliff.
***Bid half off peak comps***
Altervoce, it is 12,216 rentable square feet.
Chris
Chris, how many square feet is the 11th floor?
We are real happy about this for many reasons: our building (i am co-leasing agent with Gary Kamenetsky/CBRE) leased a large space; we got a top creative tenant, arguably the most prominent designer actively working in BK today; we got a creative to Court Street and 16 in particular; great for BK and downtown Brooklyn itself; they are good folks.