The ownership team of The Moinian Group and Thor Equities has announced a redevelopment program for 245 Fifth Avenue, its 26-story, 303,000 s/f Class A trophy building near Madison Square Park.
The renovations will include a state-of-the-art lobby, new modern lighting and elevator cabs. Final plans are being approved, with construction expected to commence shortly thereafter.
Ownership has also launched a full-floor pre-built program, delivering high-density floors with state-of-the-art amenities in a loft setting with light and views on three sides.
The 17th floor — the first of several 13,627 s/f pre-built floors — will be completed by September.
“Today’s media/technology tenant is seeking workspace with universal adaptability for a fast expanding industry sector,” said Christel Engel, executive managing director with Colliers International, who along with director Whitney Anderson and associate director Michael Baraldi, lead the building’s leasing efforts on behalf of ownership.
“The building at 245 Fifth Avenue is catering to this type of tenant.”