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The rent guidelines board meets every year to determine how much the landlord can charge. Violations may cause a tenant's rent to be lowered. [4] There are multiple ways a building owner can free their property from rent regulation: two popular methods are to claim substantial rehabilitation or the need for demolition. [18]
The Times space on the 2nd to 27th stories covers 800,000 square feet (74,000 m 2), about 58 percent of the office space, while the 29th to 52nd stories spans 600,000 square feet (56,000 m 2), covering the remaining 42 percent. [22] [23] The lobby and the mechanical spaces on the 28th and 51st stories are shared by the building's major operators.
By the end of the year, three-quarters of the building was occupied. Due to declining demand for office space, Hines Interests no longer expected to lease space to a few large tenants. [48] An Italian restaurant named Toscana Ristorante opened on the 54th Street side of the building in 1987, [49] while a cafe opened on the 53rd Street side in ...
Cold Spring, New York Nightly rate: $185 Book it. New Yorkers in need of a break from the rat race can step off a Metro-North commuter train, walk 20 minutes, and find themselves at this woodland ...
Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, 'big box' stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated ...
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