Real Estate Weekly
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Boston Properties welcomes event venue

etc.venues, the London-based urban conference and events venues group, has signed a long term commitment with Boston Properties for 30,000 s/f on the 14th floor at 601 Lexington Avenue, a 59-story office tower in Midtown.

The deal further consolidates etc.venues’ entry into the New York market, after announcing 45,000 s/f at Stawski Partners 360 Madison in May.

The space, which has operated as an in house conference center, for Citi, will be remodeled by the etc.venues design team as part of their plans to offer New York’s meeting planners high quality conference and events space with full service hospitality.

The 30,000 s/f venue, which will have a separate address and entrance at 153 East 53rd Street, will initially be solely available to a dedicated client, with plans to bring the venue to the broader market in early 2021.

“The deal provides Boston Properties with the opportunity to have a world class conference and events space in the building as part of their midtown campus,” said Alastair Stewart, CEO of etc.venues.

“We’re the largest urban day conference center group in London and this is a further step towards establishing our presence in New York in a prime location.”

601 Lexington Avenue is located at East 53rd Street and Lexington Avenue and of part of Boston Properties 4.5 million square foot Midtown Campus.

The 1.6 million square-foot building has onsite fitness, shopping, restaurants and fast casual eateries and it also provides direct access to New York City and its boroughs through its prime location atop a major subway station.

“We wanted a world class conference brand for our building and I was impressed with their London operation during my visit,” commented John Powers, Boston Properties’ Executive Vice President, New York Region.

“etc.venues provided us with a helpful short term solution for an existing tenant at 599 Lexington Avenue as they undergo a comprehensive modernization of their workplace. We continue to invest in creating a full service hospitality experience for our customers and see the arrival of etc.venues as an important addition to the campus.”

CBRE’s Taylor Scheinman, Michael Movshovich and Gary Davies represented the tenant alongside Brian Halberg of KDB advisors.

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