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Office Market

575 Lexington to get amenity upgrade as NKF markets pre-built units

The ownership of 575 Lexington Avenue has announced plans to build an exclusive amenity space for tenants of the Class-A office tower in the Plaza District.

The brand new space, located on the 14th floor of the building, will feature both indoor and outdoor elements, including a large private terrace.

The announcement was made in collaboration with the building’s newly-appointed exclusive leasing agent, the Newmark Knight Frank team led by David Falk.

Designed by commercial space planning and interior design firm MKDA, 10,000 s/f of space will be reimagined into a lounge, café, and conference center for the exclusive use of tenants and their guests. Construction is expected to commence immediately.

The amenity space has been designed with a modern, industrial feel with exposed ceilings and columns. A stylish lounge will be created to allow tenants to conduct collaborative discussions in a relaxed setting.

Billiards, ping pong tables, and bleacher seating will be installed in the recreation area and there will be a suite of conference space with a breakout area available for tenants to use for internal and external meetings, events, and private conversations.

The 14th floor’s terrace will be reimagined with landscaping and seating areas. 575 Lex currently has a half-dozen suites available, which include outdoor terraces.

The amenity plan comes after the partnership that includes Angelo Gordon & Co,, George Comfort & Sons and Normandy Real Estate Partners bought the tower for a reported $510 million in 2015.

Noting that today’s tenants are driven towards highly-amenitized spaces with progressive designs and an emphasis on access to the outdoors, Peter S. Duncan, president and CEO of George Comfort & Sons, said, “We are constantly looking for unique ways to improve and enhance the experience of our tenants.

“The construction of this amenity space is a reflection of our efforts to provide our tenants with a best-in-class environment.”

575 Lex will be unveiling a new generation of pre-built units with exposed ceilings and columns, high-end finishes, and open areas.

The building’s lobby has recently undergone a full redesign, a new entrance was also constructed and the elevators, HVAC and security systems were upgraded.

“We are excited about the improvements ownership has undertaken at 575 Lexington and know they will appeal to companies from a wide range of industries that seek a fully modernized, amenity-filled office environment in the heart of Midtown,” said Falk.

The Newmark Knight Frank team, which includes Falk, Ben Shapiro, Kyle Ciminelli, and Michael Shenfeld, is currently marketing over 90,000 s/f at the building, including availabilities on the tower and midrise floors and a contiguous block of 65,000 s/f.

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