TD Bank Inks 20-Year Lease at Historic LEED Gold-Hopeful Argonaut Building

This historic, landmarked tower at the corner of 57th and Broadway dates from 1909 and was originally the headquarters for GM. Today, it’s seeking a LEED Gold rating from USGBC.

Argonaut Building

TD Bank has signed a 20-year commercial lease at M1 Real Estate’s 10-story Argonaut Building at 224 West 57th Street and Broadway in Midtown. The historic tower was landmarked by the city back in 2000 and was initially built in 1909 as the headquarters for General Motors.

M1 is currently seeking LEED Gold certification for the tower in connection with $45 million in ongoing renovations designed by Gensler. Its 4700-square-foot deal with TD Bank leaves around 15,000 square feet of retail space left across the tower’s lower three floors; 135,000 square feet of Class A office space above is still available.

The neo-Gothic, terra cotta tower was named for GM’s real estate holding company and was also the home to Hearst prior to that company’s move one block west to its LEED Gold-certified headquarters on Eighth Avenue. Cushman & Wakefield represented TD Bank with FirstService Williams for M1.

About Stephen Del Percio

Stephen Del Percio has written for gbNYC+ since 2006 and currently serves as in-house counsel for one of the world's largest engineering, construction, and technical services companies. He earned a B.Eng. from Columbia, his J.D. at William & Mary, and lives in New York City with his wife and daughter. You can follow Stephen on Twitter, email him at stephen@gbNYC.com, or join gbNYC on Facebook to continue the conversation.

about gbNYC

gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

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