When the new building, to be known as 100 Morton St., opens inlate 2001, it is expected to fetch rents in the high $40/sf range.Redevelopment of the neighborhood began several years ago, led bythe Saatchi and Saatchi Building. Not long ago, the area was toofar west for office space, says Peter Berman, senior managingdirector of Julien J. Studley Inc., which represented the buyer."It's a very hot market over there," he says, " and the demandshows no signs of abating." Washington Street was formed byDonaldson Lufkin & Jenrette Real Estate Capital Partners,Thomas J. O'Gara and J.D. Carliste Development Corp.
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