Two Sigma hedge fund hot new mover and shaker in NYC

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Technology-driven hedge fund Two Sigma is in the market for a significant house enlargement and consolidation that might be value a fortune to a lot of Manhattan landlords.

Although it’s hardly ever in the press, the worldwide, privately held agency boasts $58 billion in property underneath administration. It’s presently headquartered in a mini-campus at 100 and 101 Sixth Ave. in Tribeca, in keeping with its Web website.

Now, we’re informed by sources that the setup and ground plates there now not work for the company. With lease expirations looming in 2023, Two Sigma is prowling for bigger new digs — of 400,000 to 600,000 sq. ft — in both the FiDi space or Midtown South. Cushman & Wakefield is claimed to be main the search.

Landing Two Sigma could be a breakthrough for a number of older office buildings which might be both vacant or quickly might be. Among them: EQ’s 1740 Broadway, Paramount Group’s 60 Wall St., Rudin’s 3 Times Square and 80 Pine St., RXR’s Five Times Square and Nightingale’s 111 Wall St. 

Large blocks are additionally up for grabs at Brookfield’s brand-new Two Manhattan West, Tishman Speyer’s Spiral and L&L Holdings’ 425 Park Ave., in addition to at two utterly redesigned towers — Brookfield’s 660 Fifth Ave. and Olayan Group’s 550 Madison Ave. 

There’s life eventually for the long-planned Alamo Drafthouse cinema advanced at Fosun’s 28 Liberty St. The Texas-based luxurious chain accomplished its chapter sale to Altamont Capital Partners final week and plans to open the FiDi location this fall. 

Progress was gradual at 28 Liberty since we first reported Alamo’s 40,000 square-foot lease there again in 2017. Repeated delays had been blamed on building points associated to the tower’s landmark standing.