The Kaufman Organization announced today that Domio, an upscale, tech-focused travel and hospitality firm, has signed a five-year, 8,000-square-foot lease to expand its headquarters from 1460 Broadway to 91 Fifth Avenue. The vacation rental company is leaving a WeWork space to cement its New York presence on the full sixth floor of the Flatiron District building.
Greg Albert and Jared Sternberg, both Associate Brokers with The Kaufman Organization, represented the tenant in the transaction. The landlord, The HRC Corporation, was represented in-house. Asking rent in the transaction was in the high $60’s-per-square-foot range.
“Domio needed a headquarters that would both accommodate its rapid growth and effectively showcase the exploratory and innovative spirit of the company,” said Mr. Albert. “91 Fifth Avenue provides the firm with a fresh, modern space featuring glass-finished offices and conference rooms, upgraded kitchens and bathrooms all set in an open floor plan to easily facilitate collaboration among Domio’s team members.”
Founded in 2016, Domio blends distinctive lifestyle aesthetic with boutique hotel design principles to offer dedicated leisure homestay properties for the next generation of travelers. The firm meticulously selects and maintains its own branded portfolio of homes that are designed to be both comfortable and inspiring. The properties feature uniquely curated furniture and artwork, quality linens, a fully stocked kitchen, discounted Lyft rides, in-unit massages and a 24-hour concierge service. The firm has rental homes in several major U.S. cities including Austin, San Diego, Boston, Honolulu, New Orleans and Nashville.
Constructed in 1894, 91 Fifth Avenue is an eight-story, 60,500-square-foot office building in the Flatiron District featuring hardwood floors, high, exposed slab ceilings, tenant-controlled HVAC systems and a recently renovated lobby. The property is close to the transportation hub of Union Square and also some of New York’s top dining and shopping options such as Nordstrom Rack, Barnes & Noble and Union Square Cafe.
About The Kaufman Organization
With over 100 years of experience and seven million square feet of owned or managed space, the Kaufman Organization has long been considered one of the most prominent and well-respected real estate companies in the New York metropolitan area. The company offers a fully integrated spectrum of leasing and management services to diverse owners and tenants and is continually looking to build its portfolio through property acquisitions. For more information, visit www.kaufmanorganization.com.
