Office


5 Manhattan West

Cladding Installation Underway at Brookfield’s 5 Manhattan West, 450 West 33rd Street

Real Estate Weekly watched crews install the first few panels of the glassy curtain wall going in at Manhattan West‘s 450 West 33rd Street, the 16-story, 1.8-million square-foot behemoth located near Penn Station, which Brookfield Properties is renovating top-to-bottom. The transformation is costing $200 million, and this past November, the Wall Street Journal reported that JP Morgan Chase signed a 123,000 square-foot lease for one of the floors. REX Associates is designing, and completion is expected in 2016.


425 East 53rd Street

Five-Story Building at 425 East 53rd Street Being Converted to Office Space

The Real Deal reports that an affiliate of Ruder Finn has acquired the five-story, 34,000 square-foot commercial building at 425 East 53rd Street, in Midtown East, for $30.7 million. The building will be converted to office space to house the firm’s new headquarters, and Spagnolo Gisness & Associates is designing. The currently occupying tenants will vacant the building this summer.



Coliseum Redevelopment

Ratner Plans 3.4 Million Square-Foot Commercial Project at Nassau Co.’s Coliseum Site

Developer Bruce Ratner has revealed his plans to redevelop Nassau County’s Coliseum site in Uniondale, on Long Island. Plans call for the renovation of the stadium, which will seat 13,000, and 3.4 million square feet of office, retail and hotel development, reports the LI Herald. On the west end of the site, two four-story office buildings will line the street. At the north and south ends, nine-story hotel buildings are planned, and construction is slated to begin in August.

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