The 41-story, 977,745-square-foot mixed-use tower known as 3 Park Avenue, located between East 33rd and 34th streets in Midtown South, is set to receive a $30 million renovation. The 556-foot-tall tower’s lobby will be redesigned, the exterior will be modernized, and its 25,000 square feet of retail will see renovations. Other aspects of the project include renovations to the hallways and common areas, and upgraded mechanical infrastructure, Commercial Observer reported. Pelli Clarke Pelli Architects is designing the renovation, with AREA Architects responsible for redesigning the lobby.
The Cohen Brothers Realty Corporation is the property owner of 3 Park Avenue, which was built in 1975 and designed by Shreve, Lamb & Harmon. The building currently houses retail and office spaces, as well as the Norman Thomas High School. As for the renovation, work is already underway and completion is expected in July 2017.