Red Cross buys new headquarters on 49th Street.
The organization announced it has acquired 514 West 49th Street, Manhattan, a four-story, 100,000 s/f stand alone building, the sale price has been reported at $33 million.
The property, to serve as the ARC/GNY's new official headquarters, will be substantially renovated and upgraded, including the installation of high tech communications and information technology systems. Real estate services firm Studley arranged the transaction on behalf of the Red Cross. Theresa Bischoff, CEO of the American Red Cross in Greater New York, said, "This new building enables us to fulfill our mission, using state-of-the-art technology and facilities, to help the 9 million New Yorkers we serve to prepare and respond to any kind of disaster and emergency."
The ARC/GNY has retained renowned architecture firm, Gensler, to oversee extensive renovations to the property, including a technologically advanced Emergency Communications Center whieh will operate 24/7, allowing ARC/GNY to instantly learn about, and monitor the response to, all events in the greater New York area.
Renovations will also include a state-of-the-art Emergency Operations Center from which ARC/ GNY will manage its response to any future major disasters and coordinate with agencies of the city, state and federal governments; modern classrooms and training centers, which will increase the effectiveness and double the capacity for ARC/GNY's life saving skills instructional courses; a large garage from which the ARC/GNY will be able to instantly dispatch emergency vehicles to get to disaster sites with personnel and supplies.
The new location will also provide improved transportation access, directly onto the West Side Highway, to achieve better response times.
David Kelso, Chairman of the ARC/GNY Board of Trustees' Real Estate Task Force, said, "This new headquarters will help us better equip our employees and volunteers to do the great job they do every day. And thanks to their hard work and dedication, the Red Cross will continue to serve as New York's premiere emergency support organization."
A total of 140 employees will move to the new headquarters in fall 2006. The new headquarters will also accommodate hundreds of volunteers who assist in numerous capacities and are part of a 3,600-volunteer force.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||American Red Cross in Greater New York|
|Publication:||Real Estate Weekly|
|Date:||Jun 1, 2005|
|Previous Article:||Fifth Avenue building fetches $46m.|
|Next Article:||LI store's ultimate sale nets $5m.|
|Gronich named to lease at Jaymont's 780 Third.|
|Helping the helpers.|
|American Red Cross building fetches $72m.|
|Red Cross board pushes another CEO out.|