It’s a new day for 511 Fifth Ave., the handsome, Beaux Arts-style, 1915 office tower at the corner of East 43rd Street.
Owners Aurora Capital, Jeff Sutton’s Wharton Properties and Alex Adjmi’s ACHS Management have restored, upgraded and repositioned the now-vacant, 18-story building that was until two years ago home to a single tenant, Israel Discount Bank, for more than 50 years.
Brett Harvey, leader of a JLL leasing team with Howard Hersch and Ellen Spivey, said the re-born property boasts two entrances including a new, glass-box lobby on East 43rd Street; a 9,000 square-foot amenities center on the 15th floor; new elevators and all-new infrastructure.
“It’s basically a brand-new building” inside its distinctive, century-old limestone shell, Harvey said.
511 Fifth Ave. was the home to Israel Discount Bank for more than 50 years.JLL
The 18-story building boasts a 9,000 square-foot amenities center on the 15th floor.JLL
BKSK Architects oversaw the interior brightening and facade preservation.
Office asking rents will run between $70 and $85 per square foot depending on floor, he said. Retail wizard Sutton’s company will see to finding tenants for about 10,000 square feet of retail space behind dramatic arched windows.
Source link: https://nypost.com/2023/10/22/brand-new-511-fifth-ave-office-tower-hits-leasing-market/