SJP Properties has unveiled the design of new amenity spaces and an entire floor of pre-built office space for tenants of 470 Park Avenue South in Manhattan.
The building-wide amenity spaces will occupy the reclaimed, previously unused ground floor space adjacent to the main lobby.
SJP has partnered with architecture firm Gensler to create The Club at 470, comprised of three distinct common areas for the building’s tenants: a ground-floor, private outdoor space with fire pits and seating; a social lounge with gaming capabilities; and a coffee bar and cafe. The ground-floor interior amenity spaces will feature natural materials such as white oak and leather paneling, along with exposed brick and concrete. SJP has plans to bring in a third-party vendor to program quality barista service, snacks and light bites for tenants.
The private outdoor space with fire pits, seating and a zen garden will stand in place of a reclaimed vacant alleyway on the west side of the building and will be accessible from the lobby through a contemporary glass door. Both the indoor and outdoor space will be available for after-hours meetings, happy hours, and more.
“We are selectively repurposing previously unusable square footage inside this historic building to create a culture through these amenities, which should help our tenants better attract and retain engaged and productive talent,” said Zach Freeman, senior vice president at SJP Properties. “Today’s workforce is demanding a superior office environment where they can work and convene in places other than the conference room, and we’re excited to bring this offering to the Midtown South market.”
On the building’s seventh floor, SJP has created a full pre-built floor totaling 10,000 square feet that will be completed this month. SJP will also offer a private rooftop terrace amenity for future 14th and 15th floor tenants, which will be included in an office lease and designed for tenant needs.
Work on 470 Park Avenue South’s amenity spaces began in June with delivery expected in the fourth quarter of 2019. SJP first acquired the 301,178-square-foot, Class A office and retail building from Norges Bank Real Estate Management and TH Real Estate in December 2018.
470 Park Avenue South is currently over 83 percent leased, with approximately 50,000 square feet across five floors throughout the building available for prospective tenants.
