Latest news with #KohnPedersenFox
Globe and Mail
29-07-2025
- Business
- Globe and Mail
BXP Launches Vertical Construction of 343 Madison Avenue in Midtown Manhattan
BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the commencement of full vertical construction of 343 Madison Avenue, a 930,000 square foot premier workplace with direct access to Grand Central's Madison Concourse between 44 th and 45 th Street. Designed by Kohn Pedersen Fox, the 46-story tower will offer a hospitality-forward amenity program and market leading sustainability features. A dramatic double-height, client-exclusive club on the top floors will include spaces to dine, connect, and collaborate indoors and out, with striking terraces and expansive views overlooking Midtown. A robust food and beverage program including a lobby café and bicycle storage with cabanas and showers round out the amenity program. 'We are thrilled to move forward with vertical construction of 343 Madison,' said Owen Thomas, Chairman & CEO, BXP. 'At the best positioned office development site in New York, BXP will deliver a premier workplace that represents a strong and significant value creation opportunity for BXP's shareholders as well as a core long-term asset within our portfolio.' BXP has executed a letter of intent with a prestigious, investment grade financial institution to anchor 343 Madison Avenue and occupy 30% of the building, in the lower-middle section of the tower. This commitment marks another major milestone in the project's momentum, positioning 343 Madison as the unrivaled opportunity for premier businesses in the heart of Midtown. 'The unprecedented level of client interest and the strong commitment of our anchor client underscore 343 Madison's position as New York's next iconic address,' said Hilary Spann, Executive Vice President, NY Region, BXP. 'This project represents an unparalleled opportunity for premier companies to establish a world-class workplace in the heart of Midtown Manhattan. The demand for luxurious, sustainable, and thoughtfully designed workplaces is driving the next generation of development at BXP in New York and beyond.' The building will offer 40 premier workplace floors, ranging from 27,500 square feet in the podium to 21,500 square feet in the high-rise. Specialty floors including private terraces and elevated ceiling heights allow clients to design a multi-functional workplace that accommodates a variety of work styles and space needs. Sustainability is a key pillar of the property, with the building designed to be fully electric with zero on-site combustion and a high efficiency direct outside air system. Climate resiliency, decarbonization, and health & wellness are at the core of the building design. Target certifications include LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum. About BXP BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2025, BXP's portfolio, including properties owned by unconsolidated joint ventures, totaled 53.7 million square feet and 186 properties, with ten properties under construction or redevelopment. For more information, visit or follow us on LinkedIn or Instagram. This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words 'future,' 'will,' 'would,' 'expects,' 'intends' and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond BXP's control. Should one or more of these known or unknown risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. These factors include, without limitation, BXP's ability to complete the development project within budget, on schedule or at all, the uncertainties of real estate development activity, BXP's ability to enter into a definitive lease agreement with the firm referenced above, BXP's ability to enter into other leases on favorable terms, on schedule, or at all, BXP's ability to obtain satisfactory certifications for the project, including LEED Platinum certification, and other risks and uncertainties detailed from time to time in BXP's filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Business Wire
29-07-2025
- Business
- Business Wire
BXP Launches Vertical Construction of 343 Madison Avenue in Midtown Manhattan
NEW YORK--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the commencement of full vertical construction of 343 Madison Avenue, a 930,000 square foot premier workplace with direct access to Grand Central's Madison Concourse between 44 th and 45 th Street. Designed by Kohn Pedersen Fox, the 46-story tower will offer a hospitality-forward amenity program and market leading sustainability features. A dramatic double-height, client-exclusive club on the top floors will include spaces to dine, connect, and collaborate indoors and out, with striking terraces and expansive views overlooking Midtown. A robust food and beverage program including a lobby café and bicycle storage with cabanas and showers round out the amenity program. 'We are thrilled to move forward with vertical construction of 343 Madison,' said Owen Thomas, Chairman & CEO, BXP. 'At the best positioned office development site in New York, BXP will deliver a premier workplace that represents a strong and significant value creation opportunity for BXP's shareholders as well as a core long-term asset within our portfolio.' BXP has executed a letter of intent with a prestigious, investment grade financial institution to anchor 343 Madison Avenue and occupy 30% of the building, in the lower-middle section of the tower. This commitment marks another major milestone in the project's momentum, positioning 343 Madison as the unrivaled opportunity for premier businesses in the heart of Midtown. 'The unprecedented level of client interest and the strong commitment of our anchor client underscore 343 Madison's position as New York's next iconic address,' said Hilary Spann, Executive Vice President, NY Region, BXP. 'This project represents an unparalleled opportunity for premier companies to establish a world-class workplace in the heart of Midtown Manhattan. The demand for luxurious, sustainable, and thoughtfully designed workplaces is driving the next generation of development at BXP in New York and beyond.' The building will offer 40 premier workplace floors, ranging from 27,500 square feet in the podium to 21,500 square feet in the high-rise. Specialty floors including private terraces and elevated ceiling heights allow clients to design a multi-functional workplace that accommodates a variety of work styles and space needs. Sustainability is a key pillar of the property, with the building designed to be fully electric with zero on-site combustion and a high efficiency direct outside air system. Climate resiliency, decarbonization, and health & wellness are at the core of the building design. Target certifications include LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum. About BXP BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of June 30, 2025, BXP's portfolio, including properties owned by unconsolidated joint ventures, totaled 53.7 million square feet and 186 properties, with ten properties under construction or redevelopment. For more information, visit or follow us on LinkedIn or Instagram. This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of the words 'future,' 'will,' 'would,' 'expects,' 'intends' and similar expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond BXP's control. Should one or more of these known or unknown risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by the forward-looking statements. These factors include, without limitation, BXP's ability to complete the development project within budget, on schedule or at all, the uncertainties of real estate development activity, BXP's ability to enter into a definitive lease agreement with the firm referenced above, BXP's ability to enter into other leases on favorable terms, on schedule, or at all, BXP's ability to obtain satisfactory certifications for the project, including LEED Platinum certification, and other risks and uncertainties detailed from time to time in BXP's filings with the SEC. BXP does not undertake a duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Malay Mail
26-06-2025
- Business
- Malay Mail
Plaza 66's Pavilion Extension Tops Out, Opening in Second Half of 2026
Expanding Retail Space by 13% to Boost the New Consumption Economy in Shanghai The Pavilion Extension at Plaza 66 has topped out on schedule and will expand the mall's retail space by 13% based on leasable floor area Artist's impression of Plaza 66 Pavilion Extension Notes to Editor – Facts of Plaza 66, Shanghai Opening year Phase 1 (Mall and Office Tower 1): 2001 Phase 2 (Office Tower 2): 2006 Phase 3 (Pavilion Extension): Second half of 2026 Total gross floor area Phase 1 and 2: 213,255 square meters Mall: 53,700 square meters Office towers: Approx. 160,000 square meters Phase 3 (Pavilion Extension): 3,080 square meters above ground Number of retail brands More than 145 Phase 1: More than 120 Phase 3: Approximately 25 Sustainability awards and features Phase 1 and 2 "Leadership in Energy and Environmental Design V4.0 Existing Building: Operations and Maintenance – Platinum certification" by the U.S. Green Building Council in 2022 "WELL V2 Core Platinum certification" by the International WELL Building Institute in 2022 100% use of renewable energy since April 2024 Phase 3 Nearly 100% use of low carbon emissions steel for all above ground structural steel (to be manufactured into columns and beams) and reinforcement bars, marking the first commercial real estate project in mainland China and achieving 35% reduction in the steel's embodied carbon compared to conventional steel alternatives Architect and interior design consultant Phase 1 to 3: Kohn Pedersen Fox (KPF) HONG KONG SAR & SHANGHAI, CHINA - Media OutReach Newswire - 26 June 2025 - Hang Lung Properties Limited (SEHK stock code: 00101) (the "Company" or "Hang Lung") has achieved a major construction milestone and topped out its Plaza 66 Pavilion Extension in Shanghai. This low-rise, standalone building will expand the complex's retail space by 13% based on leasable floor area, adding a total of 3,080 square meters above ground. The project is set for completion in mid-2026 and opening in the second half of the Pavilion Extension, i.e., Phase 3 of Plaza 66's development, will be seamlessly connected to the existing mixed-use complex which consists of a luxury mall and two premium office towers, currently covering a total gross area of 213,255 square meters of office and retail space in Shanghai's vibrant Jing'an District. The Pavilion Extension also includes around 3,850 square meters of public space along Nanyang Road, enhancing placemaking and creating a vibrant urban destination connecting the 66, distinguished by its unparalleled luxury offerings and positioning, is being expanded to cater to the evolving tastes of discerning consumers who are increasingly prioritizing personalized and exceptional experiences. New concepts of retail, dining, wellness and lifestyle, as well as event spaces will be introduced to the Pavilion Extension, further strengthening its appeal as a top-tier lifestyle destination."This topping out represents a major step in our development strategy in mainland China, which is designed to address new consumption trends and overwhelming interest from retailers seeking to establish a presence at Plaza 66," said Mr. Derek Pang, Senior Director – Mainland Business Operation of Hang Lung Properties. "We are also committed to curating novel experiences that blend emotional engagement with authentic cultural resonance, thereby supporting Shanghai's urban renewal and development as an international consumption city as we continuously upgrade our portfolio. Through the extended Plaza 66, along with our other iconic property in Shanghai, Grand Gateway 66, we strengthen our retail leadership as the Pulse of the City by delivering world-class experiences that capture Shanghai's vibrant spirit."Hashtag: #HangLung #Plaza66 The issuer is solely responsible for the content of this announcement. About Plaza 66, Shanghai Plaza 66 is a landmark mixed-use development located in Shanghai's prestigious Nanjing Road West business district, with a total gross floor area of over 210,000 square meters. The complex features a high-end mall and two Grade A office towers. The mall houses over 120 leading international brands and a diverse array of dining establishments. Its Phase 3 expansion, currently under construction, will add 13% more retail space based on leasable floor area and is scheduled to open in the second half of 2026. The office towers host approximately 100 tenants, including the China headquarters of renowned multinational corporations in consumer goods, professional services, and finance, as well as leading domestic enterprises. About Hang Lung Properties Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With premium positioning under the '66' brand, the Company's mixed-use developments in Mainland have established their leading position as the 'Pulse of the City'. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities. At Hang Lung Properties – We Do It Well. For more information, please visit
