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Lincoln Building modernization next to focus on conference center.

Construction is about to start on a new conference center at The Lincoln Building, 60 East 42nd Street, according to Kevin Driscoll, the building's general manager. The facility's upgrade is part of the building's $30 million modernization program.

The conference center, which will be contiguous with the newly renovated law library, will be located just off the building's Madison Avenue Arcade. The new facility, at a capital cost of approximately $300,000, will be unveiled later this summer.

Seating about 30 people, the conference center will be fully equipped with a host of technological advances, including teleconferencing capabilities, high-speed Internet access and audiovisual services. The new facility will be available to tenants on a reservation basis. A pantry area and restrooms are included in the conference center.

"This is a great amenity for tenants who don't have sufficient meeting space and conference facilities in their offices," says Mr. Driscoll. "And it eliminates the expense of having to book costly hotel meeting rooms. We've already received substantial interest from our tenants."

Also included in the $30 million capital investment program at the Lincoln Building are new windows, bathrooms, elevator cabs, newly designed public corridors, upgrades to the heating and cooling system and upgrades to elevator operating systems. The program got underway in earnest shortly after the New Year.

Located at 60 East 42nd Street, the 55-story Lincoln Building is one of the most prestigious addresses in the Grand Central district, with direct underground access to Grand Central Terminal and several subway lines. Among the building's more attractive features are its solid financial strength and its stability, having been under the same ownership for almost half a century.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 25, 2001
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