Douglas Durst
Douglas Durst was born in New York City, New York, United States on December 19th, 1944 and is the American Real Estate Businessperson. At the age of 79, Douglas Durst biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Douglas took over the Durst Organization in 1992 upon his father's retirement. He presided over the development of several major buildings in New York City:
Durst is a director of the Real Estate Board of New York. Durst is known for emphasizing density and sustainability in his projects.
Located on 14th Street and 5th Avenue in Manhattan, the New School university center was designed by Skidmore, Owings & Merrill and developed by The Durst Organization. The building is designed to LEED Gold standards.
In 2010, the Durst Organization bid on and won the right to invest $100 million in the One World Trade Center development becoming a co-developer with the Port Authority of New York and New Jersey.
The contract negotiated between the Port Authority and the Durst Organization specifies that the Durst Organization will receive a $15 million fee and a percentage of "base building changes that result in net economic benefit to the project." The specifics of the signed contract give Durst 75 percent of savings up to $24 million and stepping down thereafter (to 50 percent, 25 percent and 15 percent) as the savings increased. Durst had offered to work for a fixed $35 million fee, but the Port chose the incentive fee arrangement. Significant changes to the building have been made since his joining of the project.
In May 2010, Douglas Durst, former Vice President Al Gore, and New York Mayor Michael Bloomberg officially opened the Bank of America Tower. It was the first high-rise commercial tower to receive LEED platinum rating in the United States. The 55 story, 2.1 million square foot building located on the corner of Sixth Avenue and 42nd Street was designed by Cookfox Architects.
In June 2009, a group of banks provided Bank of America and Durst Organization $1.28 billion to refinance the building. Bank of America provided half of the loan. The other parts came from New York Mellon Corp., Wells Fargo, Westdeutsche Immobilien Bank, and Helaba Bank.
In the early 2000s, architect Bjarke Ingels met Durst when he was in Copenhagen with his wife, Susanne, a native of Denmark. He visited Ingels' studio in February 2010.
In spring 2010, Durst Fetner Residential commissioned Bjarke Ingels Group (BIG) to bring a new residential typology to Manhattan. In 2011, BIG opened an office in New York to supervise VIA's development and construction. Completed in 2016, VIA 57 West is a 709-unit, four sided, pyramid shaped tower of apartments on West Fifty-seventh Street.