Brookfield Properties today unveiled the first renderings of a new-look 666 Fifth Avenue.
The company has retained Kohn Pedersen Fox Associates (KPF) to lead a $400 million overhaul that will rebrand and rename the building and deliver over one million s/f of modern new office space to the market by 2023.
“It’s an iconic building in an absolutely prime location, but it’s outdated and requires a major transformation,” Sabrina Kanner, Head of Design and Construction, Brookfield Properties.
Like we did successfully with Five Manhattan West, we will completely modernize the building, replacing the façade, creating floor to ceiling windows, remaking the lobby and installing new mechanical systems. When we’re done it will have the look and feel of a new building.”
Last year, Brookfield acquired a 100 percent leasehold interest in the a 1.5 million square foot property at 666 Fifth Avenue for 99 years from Kushner Companies.
Kushner has struggled to tenant the property after paying a then-record $1.8 billion for it in 2007.
Brookfield said it plans to being redeveloping the property within the next 12 to 18 months, once current tenants move out.
The existing 1958 uninsulated metal panel exterior wall will be replaced with a new, state-of-the-art insulated glass wall.
The new floor-to-ceiling glass wall will replace the small, low-light windows with large-format windows, nearly tripling the window area provided to the office space.
Brookfield also plans to reconstruct the lobby to provide a Class A entrance on 52nd Street that will incorporate an active retail amenity and create exterior space on the 8th, 10th, 11th and 15th floors for tenants to use as private terraces.
New, high-efficiency heating and air systems are to be installed as the owner works to significantly reduced building energy consumption.