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Galbreath Company begins $7M fix-up at 14 Wall Street.

A $7 million renovation of 14 Wall Street is underway, announced Peter Ricker, president of The Galbreath Company. Galbreath will serve as project manager of the 37 story, 950,000 square foot project, one of the largest office tower renovations currently being undertaken in New York. Completion is scheduled for early 1993.

Work on 14 Wall Street will include a new design for the main entrance, a new main lobby, new common corridors with marble, brass and custom lighting fixtures, and restoration of La Tour D'Or, an 8,000 square foot penthouse restaurant and former apartment of J. P. Morgan.

Galbreath is replacing the building's windows and elevator cabs and upgrading HVAC and electrical systems. The plaza on Nassau Street and the sidewalks surrounding the building on Wall, Nassau and Pine Streets are also being replaced. To date, replacement of roof and parapet surfaces, cleaning of the facade and restoration of the Manufacturers Hanover Trust branch located in the building have been completed.

In addition to the renovation, Galbreath is providing leasing, property and asset management services. The renovation and management services are being led by Joseph N. Ritorto, senior vice president in charge of management. Galbreath is the exclusive agent for General Electric Pension Trust's complete 2 million square foot property portfolio in New York.
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Title Annotation:seven million dollar renovation in New York, New York
Publication:Real Estate Weekly
Date:Jul 22, 1992
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