PRD Realty Corp. has begun a capital improvement program at its 38 East 29th Street commercial property.
Expected to be complete in summer 2014, the program includes renovations to the façade and lobby, along with new building entrances and elevators.
Envisioned by architectural firm Durukan Architecture & Design, the new lobby will feature a custom steel chandelier, exposed brick, concrete floors and a seating niche.
38 East 29th Street, located between Park Avenue South and Madison Avenue, has been owned and operated by PRD Realty Corp. for approximately 30 years.
The 10-story building totals 65,000 s/f and is currently 90 percent occupied, with tenants including 16 Handles, Hot Sox and Rosewood Realty Group.
Long-term lease availability includes a 6,500 s/f space on the eighth floor, offers exposed ceilings and a newly renovated restroom.
Scott Domansky, principal of PRD Realty, Corp. said, “We are continuously looking to strategically unlock value in all of our properties, and we look forward to unveiling all of our capital improvements to 38 East 29th Street this summer.”