LCOR’s LEED Gold (for Core and Shell) hopeful 545 Madison Avenue is back in the news after the developer recently inked British retailer Alfred Dunhill to a 10-year, 7000-square-foot lease for two floors of retail space. The upscale men’s clothier is currently located at 711 Fifth Avenue but will receive 175 feet of street window frontage along Madison Avenue and East 55th Street. CB Richard Ellis represented LCOR and Alfred Dunhill in the lease negotiations, which resulted in a deal at $600 per square foot. The store should open up this summer; LCOR is aiming the 17-story project’s 140,000 square feet of office space at seventeen (or fewer) boutique legal or financial services firms.
June 17th, 2008 | Stephen Del Percio | 0 comments | ContinuedAll Posts Tagged With: "LCOR"
Tenants to Swim in Gold at Macklowe’s 510 Madison Avenue
Other pieces of sustainable architecture that have been unveiled in Manhattan to date may be a bit more dramatic, but we’ve been remiss in not mentioning Macklowe Properties’ 510 Madison Avenue previously. The 30-story project at 53rd Street was designed by SCLE Architects with collaboration from Moed de Armas & Shannon. Each floor plate in the building is 15,000 square feet or smaller and the speculative tower is thus being marketed at high-end tenants capable of occupying an entire floor of space. Trusses on the sixth floor transfer the structural load to three interior base columns, which allows for the type of column-free tower floors that Macklowe’s target investment firm tenants crave.
January 16th, 2008 | Stephen Del Percio | 0 comments | Continued