LCOR unveils design for 42nd Street office project.LCOR Inc. unveiled the design for a $168 million prime office building at 505 Fifth Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., at the northeast corner of 42nd St. The building, which is slated for completion in 2003, is geared toward companies and organizations seeking smaller, high quality front office space at a prime location. The 275,000-SF building will consist of 23 rentable stories, with three levels of retail space and a double-height penthouse penthouse Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof. . Amenities will include an attended security desk, floor-to-ceiling windows, and a naturally lighted lobby with a custom-designed art glass ceiling. The side core floors will offer dramatic views of the New York Public Library New York Public Library, free library supported by private endowments and gifts and by the city and state of New York. It is the one of largest libraries in the world. and Bryant Park Bryant Park is a 9.603 acre (39,000 m²) public park located in the New York City borough of Manhattan. It is bounded by Fifth Avenue, Sixth Avenue, 40th Street and 42nd Street in Midtown Manhattan.[1] The central building of the New York Public Library is in the park. . "The combination of incredible location and stunning architecture will make this one of the most-prized office addresses in Manhattan," said Kurt Eichler, executive vice president of LCOR. "This property will set the standard for new office buildings in the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ." "505 Fifth is going to fill an enormous void in the New York City commercial landscape," said Dan Lilie, vice president of LCOR Inc. "We are seeking tenants who have been neglected by buildings that have only large blocks of office space. We will offer the highest quality service and a full array of amenities for smaller blue-chip companies Blue-chip company Used in the context of general equities. Large and creditworthy company. Company renowned for the quality and wide acceptance of its products or services, and for its ability to make money and pay dividends. Gilt-edged security. ." The building is being designed by Kohn Pedersen Fox Kohn Pedersen Fox Associates (also known by the acronym KPF)is a leading international architectural design firm located in New York City providing urban design and master planning for public authorities and private companies. Associates, PC. "This is an extraordinary urban site, east of Bryant Park and west of Grand Central station, that will contrast the dignity and history of the public library with the modern office workplace, creating a brilliant balance of old versus new," said William Pedersen, design principal at Kohn Pedersen Fox Associates, PC. "The basis for the decision to make the building all glass was to allow natural light penetration into the office spaces. The design of the building is a dynamic response to the contextual forces of the site." Insignia/ESG has been selected as the exclusive leasing agent for the office space and Cushman&Wakefield has been chosen to handle the retail leasing. |
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