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LPC approves lobby, facade renovations for 65 Broadway.

The historically significant property at 65 Broadway, built in 1917 as the world headquarters of American Express, is undergoing massive renovations of its lobby, common areas and fagade as part of a major capital improvement program. The facade restorations and interior renovations have been designed by architect Lester Evan Tour.

The Landmark Preservation Commission-approved (LPC) restorations to the facade include the installation of a new masonry stairway and separate entrance for the retail portion of the building. In addition, the work entails the restoration of solid granite stairs at the building's entrance and the replacement of several, massive bronze entry doors.

The interiors are being restored to reflect the original grandeur of the lobby, which was greatly reduced in the 1960's to a narrow entry. To accomplish this, the architect is removing a 40-year-old stone wall at the entrance to open up the space, and then adding a two-story, faceted glass wall. The new design will facilitate pedestrian flow and reinforce the sweeping depth of the dramatic entrance space. Special lighting has also been designed. The renovations have been orchestrated to maintain the historical nature of the building, while complementing it with distinctly modern elements, such as the glass wall.

The work constitutes the second phase of the building-wide improvements for the 21-story, 351,000-squarefoot office tower. Mechanical upgrades that have been recently implemented include a brand new state-of-the-art chiller system with a built-in, environmentally-friendly co-generation facility and a complete replacement of the elevator motors and cabs.

The owner of the property is 65 Broadway Del LLC; management is provided by AM Property Holdings Corp. Among the building's well-established tenants are American Arbitration Association, NASDAQ, Alliance for Downtown NY, Switch & Data and Touro College. Its retail tenant is Julianne Andrews South Restaurant.

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Comment:LPC approves lobby, facade renovations for 65 Broadway.
Publication:Real Estate Weekly
Date:Jan 23, 2008
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