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New York & Tri-State  + Downtown New York  + Office  | 

Paramount Group Plans $250M Makeover for 60 Wall St.

Paramount Group plans to launch a $250-million makeover of 60 Wall St. as soon as Deutsche Bank, the Financial District office tower’s only tenant, vacates the property in June of 2022, the New York Post reported. Deutsche Bank is set to begin moving to the Related Companies’ Time Warner Center later this year.

A CBRE team led by Paul Amrich and Howard Fiddle will handle leasing at the redesigned 1.6-million-square-foot tower. Tenants will likely be able to move in by mid-2023. But 60 Wall must compete for new tenants with nearby FiDi addresses which also are vacant or will be, reported the Post

However, the Post reported Paramount CEO Albert Behler is confident that 60 Wall’s modern, column-free floor plates, panoramic views and the planned upgrades will carry the day. “With the reimagining of the building, 60 Wall will compete with the best in Manhattan, including new construction,” he said. 


Inside The Story

Paramount Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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