As the Internet and telecommunications companies have grown over the past several years, buildings have been retrofitted to house the computers, switches and routers that keep Web users connected. But, a new six-story building to be erected by the Durst Organization on the block bounded by 11th and 12th Avenues and 57th and 58th Streets may be the first of its kind. So says Robert Stella, senior vice president of CB Richard Ellis, which will lease the building. “Most of what’s out there are retrofits of buildings designed 30 to 60 years ago. As far as we know, there’s no other building in a major downtown CBD that been built for this purpose,” he says.

NYCyberCenter, as the half-million-sf facility will be known, is being tailored to fit the needs of telecom firms with reinforced floors, redundant service elevators and extra-high ceilings. Demolition of existing structures is scheduled to begin next June, with completion of the center slated for July 2002.

The recent financial difficulties faced by some on-line companies do not trouble Stella. “This building is being put up on the infrastructure side of the dot.coms, so as the Internet grows there’s going to be more demand for the services that these types of properties will house. There are things that haven’t been invented that this type of building will house. What’s more, New York City is the telecommunications capitol of the world. Everyone wants to be here,” he says.

No information was available about the cost of the development or the company’s projections on cost per sf. The architect is Fox & Fowle, the engineering firm is Jaros Baum & Bolles.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.