FM Ring completes lobbies at 5 Manhattan properties.
F.M. Ring Associates reports the completion of new lobbies at five of its Manhattan office buildings.
The renovations are part of a sweeping multi-million dollar modernization program involving virtually all of F.M. Ring's commercial properties in New York. The company owns and manages over a dozen buildings, including 212 Fifth Avenue and 251 Park Avenue South.
According to Frank Ring, president of the 49-year old fullservice real estate company, his firm's five recently completed lobby renovations have beautified the entranceways to 245 Seventh Avenue, 34 West 17th Street, 155 West 23rd Street, and 19 West 24th Street and 119 West 24th Street. Earlier this year, a new lobby was completed at 251 Park Avenue South.
"We continue to be committed to improving and bringing all of our buildings to the highest possible level of competitiveness in the marketplace," asserted Ring, who noted his company has just begun a major renovation at its flagship property at 212 Fifth Avenue, which is located at the southwest corner of 26th Street across from Madison Avenue Square Park.
The elaborate modernization program for the 21-story, 200,000-square-foot building includes a complete lobby restoration, extensive exterior steam cleaning, four new passenger elevator cabs and a fully renovated show floor.
Not unrelated to its ongoing capital improvement program is the fact that leasing activity is on a definite upswing at F.M. Ring properties. The firm recently announced four separate lease signings at 20 West 47th Street and over $5 million worth of new leasing transactions are expected to close shortly.
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|Publication:||Real Estate Weekly|
|Date:||Aug 28, 1991|
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