W&H Properties plans to spend $1.5 billion in top-to-bottom upgrade programs throughout its portfolio of nine Midtown office buildings. The upgrade programs are complete at the original four W&H properties - 60 East 42nd Street, 250 West 57th Street, 1359 Broadway and 501 Seventh Avenue - and W&H is pleased to announce the completion of several major projects in the five properties added to the portfolio in 2007 - 1333 Broadway, 1350 Broadway, 1400 Broadway, 112 West 34th Street and the Empire State Building.
At 1333 Broadway, windows throughout the building have been replaced and the renovation to the building entrance, lobby and elevators is underway, with scheduled completion in the fourth quarter of 2008. Additional ongoing upgrades include new restrooms, renovated air-conditioned public corridors, new roofs, and upgrades to all building systems, including electrical, plumbing, HVAC and security.
Across the street at 1350 Broadway, a $53-million upgrade program has begun. The renovations include a new lobby, renovated elevators, renovated air-conditioned public corridors, new restrooms, renovated façade and upgraded building systems.
At 1400 Broadway, the renovated lobby and entrance is now complete. The lobby, which was the focus of the first phase of the property's $81-million upgrade program, was designed by lobby specialist Fifield Piaker Elman. It features new entrance doors, a new canopy, an ornate new ceiling, new high-efficiency lighting, and new security desks with 24/7 concierge services, with controlled after-hours access. The next phases of 1400 Broadway's upgrade program include renovations of restrooms and air-conditioned public corridors, installation of new windows and HVAC systems, and upgrades to all building systems.
A renovated marble and stone lobby also is complete at 112 West 34th Street, which features a new undulating ceiling raised from 15 to 30 feet in height, a state-of-the-art security desk with concierge services, new turnstiles and new entryways on 34th and 33rd Streets. In addition, the installation of a sleek, modern and energy-efficient glass curtain wall is well underway.
This work is part of the second phase of the property's $80-million upgrade program. Also included in this phase are renovated air-conditioned public corridors and upgraded restrooms. The first set of corridors and restrooms recently was completed.
At the Empire State Building, the World's Most Famous Office Building, work on the Beyer Blinder Belle-designed restoration of the landmarked art deco lobby and original lobby ceiling mural has begun. This is the first stage of the property's ReBuilding initiative, which includes more than $500 million in upgrade projects throughout the building. The new lobby will feature separate entrances on 34th and 33rd Streets for office tenants and their visitors only, a new concierge desk on 34th Street, and a new messenger center with uniformed door-to-door delivery service. Also underway are upgrades to building systems and new restrooms and renovated air-conditioned public corridors.
If you want to get an idea of the finished project from the changes in store at these five properties, simply visit one of the four original properties in the W&H Portfolio, where the improvement programs are complete. The results speak for themselves: W&H has proved to tenant and brokerage communities that we deliver on our promises. Prestigious tenants - such as Skanska, Ellen Tracy, Coty, Aetna, Lufthansa, Pearson and Xerox, to name a few - have been flocking to the properties in transition, even before the renovations are complete.
Stop by and see for yourself. Our leasing agents will be happy to show you the results of recent renovations or share our plans for the renovations underway. No appointment is ever needed.
We look forward to the opportunity to compete for your business!
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W&H Expands Successful Pre-Built Program | Tenant Profile: Skanska | Show, Lease & Win | Spaces in the Spotlight | Community Activities Update | Heard in the Hallways | New Uniforms for ESB Employees | Employee Profile: Frank Scaffa, Director of Operations at 60 East 42nd Street |
Retail on the Radar: Big-Box Retail Opportunities in Herald Square | Good News for Coffee Lovers | Neighborhood News: Grand Central District | Tenant's Corner | Leasing Update | Update on Upgrades | Tenant News | Comissions Available to Pay at W&H Properties |
Q&A with Michael Beyda, President of Benchmark Properties |
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