The Durst Organization: Employment and Development in NYC

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The Durst Organization has a significant presence in New York City, employing over 1,500 people. This includes a diverse workforce with various skills and expertise.

Their commitment to development in NYC is evident in their extensive portfolio of properties. The Durst Organization has developed over 50 buildings across the city, with many more in the works.

From iconic skyscrapers to sustainable office spaces, their developments showcase innovative design and functionality. The Durst Organization's focus on meeting the needs of NYC residents and businesses is clear in their approach to development.

Their developments have transformed neighborhoods and revitalized communities, contributing to the city's growth and vitality.

A different take: City Developments Limited

Construction and Projects

The Durst Organization has a long history of expansion into construction and projects, dating back to the 1950s. The company's first construction project was the Lorillard Building, a 29-story office building at 200 East 42nd Street, completed in 1959.

The property portfolio grew rapidly, with the company developing commercial and residential properties, often designed by Emery Ross & Sons. One notable example is the 32-story office building at 201 East 42nd Street, completed in 1966.

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Credit: youtube.com, Our Core Values | The Durst Organization

The company's most iconic buildings include the Bank of America Tower, completed in 2009, and the One World Trade Center, which the Durst Organization co-developed with the Port Authority of New York and New Jersey. The tower's design was altered to save costs, with the spire being left unclad and the plaza being redesigned as a terrace.

Here are some of the company's notable projects, listed in chronological order:

  • Lorillard Building (1959)
  • 733 Third Avenue (1961)
  • 201 East 42nd Street (1966)
  • 825 Third Avenue (1969)
  • 1133 Avenue of the Americas (1970)
  • 45-story 1133 Avenue of the Americas (1970)
  • 41-story 1155 Avenue of the Americas (1984)
  • U.S. Trust Building (1989)
  • 4 Times Square (1999)
  • Helena (2005)
  • Epic on 125 West 31st Street (2007)
  • Bank of America Tower (2009)
  • Sven (2021)
  • 20 Halletts Point and 30 Halletts Point (2025)

Locations

The Durst Organization is based in New York, New York.

Their primary location is 1155 Avenue of the Americas, New York, NY 10036, US, where you can get directions if you need to visit them in person.

The NAICS codes for The Durst Organization are [23, 53, 531, 236].

Expansion into Construction and Projects

The Durst Organization's expansion into construction and projects began in the 1950s, shifting from primarily real estate management to new construction and development.

Their first construction project was the Lorillard Building, a 29-story office building at 200 East 42nd Street (now 655 Third Avenue), completed in 1959.

Credit: youtube.com, How To Manage A Construction Project Step By Step

The company's property portfolio grew to include commercial and residential properties, often designed by Emery Roth & Sons, like 733 Third Avenue, a 24-story office building built in 1961.

In 1966, 201 East 42nd Street (now 675 Third Avenue) was erected, a 32-story office building later sold to David Werner Real Estate in 2025.

The company bought Henry Miller's Theatre in 1968 and later demolished it to build the Bank of America Tower, preserving the original neo-Georgian facade.

The Bank of America Tower's base now houses the Stephen Sondheim Theatre, a testament to the Durst Organization's commitment to preserving history.

The company completed the 45-story 1133 Avenue of the Americas in 1970 and the 41-story 1155 Avenue of the Americas in 1984.

The 26-story U.S. Trust Building at 114 West 47th Street was completed in 1989, designed by architects Fox and Fowle.

The 48-story 4 Times Square was completed a decade later, showcasing the Durst Organization's ability to create iconic structures.

In 2005, the 38-story Helena at 601 West 57th Street opened, named after Douglas Durst's daughter.

The 57-story Epic on 125 West 31st Street was completed in 2007, followed by the 58-story Bank of America Tower at One Bryant Park in 2008.

The Durst Organization's most recent project is the 71-story Sven, completed in 2021, ranking as the 1270th-tallest building in the world.

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One World Trade Center

Credit: youtube.com, Megastructures One World Trade Center

The One World Trade Center is a notable example of a large-scale construction project. The Durst Organization, a real estate company, joined the project in 2010 as a co-developer with the Port Authority of New York and New Jersey.

They invested $100 million in the development and received a $15 million fee, as well as a percentage of the savings from design changes. The specifics of the contract gave Durst 75 percent of savings up to $24 million and stepping down thereafter.

The company's involvement led to several design changes, including the alteration of the base, spire, and entry. The original design featured a 185-foot base with sloping corners, but it was squared off instead.

The spire, which was originally intended to be enclosed with a decorative shell, was left unclad, reducing the tower's height from 1,776 feet to 1,368 feet. This change was made to save $20 million.

The Port Authority's executive director, Chris Ward, initially rejected the proposal to eliminate the radome, but his successor, Patrick Foye, later approved the alteration.

Organization and Leadership

Credit: youtube.com, Innovation Program | One World Trade Center Marquee

The Durst Organization is a family-run business with a clear leadership structure. Douglas Durst is the Chairman of the Board of The Durst Organization, providing guidance and oversight.

With Douglas Durst at the helm, the organization benefits from his experience and expertise.

On a similar theme: McDonnell Douglas

Chairman of the Board

Douglas Durst is the Chairman of the Board of The Durst Organization.

Having a clear leader at the helm is essential for any organization's success, and Douglas Durst's role as Chairman of the Board of The Durst Organization is a great example of this.

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Questions

Questions about organization and leadership can be overwhelming, but understanding the basics can help clarify things.

A key question is what kind of leadership style is most effective. According to the article, transformational leadership is a style that focuses on inspiring and motivating team members, which can lead to increased productivity and job satisfaction.

What makes a good leader? The article suggests that a leader's ability to communicate effectively is crucial, as it helps to build trust and understanding among team members.

Intriguing read: Eoc Team Members

Credit: youtube.com, An Essential Leadership Question for Leaders to Ask Employees

Effective communication is also linked to a leader's ability to delegate tasks and responsibilities, which can help to free up time and focus for more important tasks.

A good leader should also be able to adapt to changing circumstances, which requires flexibility and a willingness to learn from mistakes.

Leadership development is a continuous process, and it's essential to prioritize self-reflection and learning to stay ahead.

Statistics and Employment

The Durst Organization has a significant presence in the job market, with a workforce of over 2,500 employees. This number includes professionals from various fields such as construction, finance, and property management.

The company's large workforce is a testament to its commitment to providing quality services to its clients. With a diverse range of employees, the Durst Organization is well-equipped to tackle complex projects and meet the needs of its clients.

According to the company's website, the Durst Organization has a strong focus on employee development and training, with a goal of promoting from within whenever possible. This approach has led to a high level of employee satisfaction and retention within the company.

Employment Count

Captivating view of New York City's skyline beneath a bridge, showcasing skyscrapers and city life.
Credit: pexels.com, Captivating view of New York City's skyline beneath a bridge, showcasing skyscrapers and city life.

The Employment Count is a crucial aspect of any organization's statistics. 421 people are employed at The Durst Organization.

New York, NY 20,893 Followers

The city that never sleeps is also a hub for employment opportunities. New York, NY has a significant following, with 20,893 followers according to The Durst Organization's external link.

With a strong presence in the city, companies like The Durst Organization can tap into a vast talent pool.

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Top Employees

Meet the top employees of The Durst Organization, a family-owned business that has been a leader in real estate development for over 70 years.

Douglas Durst is the chairman of the organization and has been instrumental in shaping its vision.

He is known for his innovative approach to sustainability and has led the development of several eco-friendly buildings, including One Bryant Park.

One of the key factors behind the organization's success is its commitment to long-term thinking, as evident in its decision to invest in the redevelopment of the Hudson Yards.

Credit: youtube.com, CTBUH Monthly Video: Douglas Durst

The organization's dedication to its employees is also noteworthy, with many employees having worked there for 20, 30, or even 40 years.

Douglas Durst's leadership style emphasizes the importance of collaboration and has fostered a culture of teamwork within the organization.

The Durst Organization's focus on innovation has led to the development of cutting-edge buildings that incorporate the latest in green technology.

One notable example is the One Bryant Park building, which features a unique system for recycling and reusing rainwater.

Frequently Asked Questions

Does The Durst Organization still exist?

Yes, The Durst Organization is still operational and family-owned, with over a century of experience in real estate development and management. Founded in 1915, the company remains a prominent player in the Manhattan office and residential markets.

How many buildings does the Durst family own?

The Durst family owns 19 properties in New York, primarily in Midtown. These properties include office and residential buildings, such as 1 Bryant Park and 151 W. 42nd St.

Robin Little

Senior Writer

Robin Little is a seasoned writer with a keen eye for detail and a passion for storytelling. With a strong background in research and analysis, Robin has honed their craft to deliver engaging and informative content on a wide range of topics. Their expertise in the realm of financial markets has earned them a reputation as a trusted voice in the industry.

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