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Deals & Dealmakers

Vanbarton starts boutique building make-over, hires C&W leasing team

Vanbarton Group has begun a $10 million redevelopment at its boutique office building located at 45 West 45th Street, which Cushman and Wakefield now exclusively leases.

45 West 45th Street
45 West 45th Street

45 West 45th Street is a 135,534 s/f, full service commercial office building located between 5th and 6th Avenues in Midtown.  C&W will lease 45,000 s/f of available office space on the 2nd through 16th floors.

The redevelopment, along with the building’s boutique full-floor spaces,  will cater to both traditional and creative office users migrating to the area.

The enhancements consist of a full storefront and lobby renovation including new elevator cab interiors and a state-of-the-art security system, upgraded building infrastructure including a modernized freight elevator and new high-efficiency boiler system, a tenant-amenity roof deck and high quality pre-built improvements to its full-floor office spaces.  The improvements began last month and will be complete by year end.

Ethan Silverstein C&W
ETHAN SILVERSTEIN

Ethan Silverstein, Douglas Regal and Matthias Li of Cushman & Wakefield are the agents for the building.

“45 West 45th Street is centrally located between Grand Central Station, the Port Authority and Penn Station,” said Silverstein, a Cushman & Wakefield Senior Director. “This prime location, combined with the exciting and comprehensive renovation program, makes the building the perfect new home for a multitude of tenants.”

With a high-end pre-built program underway, 45 West 45th Street is designed to offer a full-floor, open and creative environment that many tenants migrating north of Midtown South are looking for. Over the next 12 months, 15,000 additional square feet will become available with full-floors ranging in size from 6,000-9,000 s/f with 12-ft slab–to-slab ceiling heights.

 

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