RFR Realty LLC announced that its in-house leasing team is now offering 115,000 s/f of loft office space at 90 Fifth Avenue, a 140,000 s/f property at the corner of Fifth Avenue and 14th Street.
All of the office space in the building is currently available, meaning prospective tenants have leasing opportunities for nine full floors of 12,600 s/f each.
In conjunction with the leasing campaign, RFR is rolling out a capital improvement plan for 90 Fifth Avenue.
The renovation program includes a new lobby with rotating art program, new elevator cabs, new bathrooms and common areas, and upgraded building infrastructure.
RFR will also add a new, multi-purpose 2,500- s/flandscaped roof terrace exclusively for tenant use. The terrace will welcome organized tenant events as well as employees seeking outdoor space for relaxation. In addition, RFR will undertake exterior restoration and refinish the storefronts.
“90 Fifth Avenue is perfectly suited to our portfolio of architecturally significant office buildings in New York,” said Aby Rosen, Co-Founder and Principal of RFR Holding LLC.
“This location at the crossroads of Manhattan’s hottest growth neighborhoods will make the office space appealing to a variety of businesses, and with 200 feet of frontage on the corner of 14th Street and Fifth Avenue the asset simply can’t be duplicated.”
90 Fifth Avenue’s boutique floor plate size (12,600 s/f), high ceilings, large windows, and natural light on three elevations are expected to appeal to media and technology firms seeking space in the Midtown South market.
The property’s location provides an immediate connection to Union Square, one of the City’s highest density areas for popular nightlife, restaurant, and retail destinations. S Transportation is also abundant in the area, and several college and university buildings are nearby.
At present, nine full floors of 12,600 s/f each are offered. Additionally, 90 Fifth Avenue offers the opportunity for a single office tenant to control 115,000 contiguous square feet.
The building is not landmarked, which also presents a large block tenant with a naming/branding opportunity. Asking rents for the upper floors of office space are in the lower 80s per square foot.
Oliver Katcher and A.J. Camhi will handle the leasing effort for RFR Realty.
