NEW YORK CITY, NY – November 10, 2011 – (RealEstateRama) — With historically unprecedented leasing concluded, new leasing activity proceeding at a high rate, and tenant build-outs and renovations at the Empire State Building underway, ownership is adding a new feature to the World’s Most Famous Office Building: a construction hoist. The hoist has been installed to expedite tenant construction and keep construction workers and materials out of building common areas, announces Anthony E. Malkin, president of Malkin Holdings, which supervises the building.
Typical in the construction of new buildings, construction hoists are rarely used in renovation work, Mr. Malkin notes.
Over 1,000 construction workers will be moved on the hoist, which will be managed by two of the Empire State Building’s longstanding partners: Skanska – a leading international project development and construction company and tenant at the property – will serve as construction manager, while Jones Lang LaSalle – a global real estate services firm that already serves as the program manager for the building’s sustainability initiatives – will act as project manager.
The hoist will be located on the 33rd Street side of the building, between Fifth and Sixth Avenues, rising to the 29th floor of the property. It will not affect the iconic view of the building, and, because the equipment is new and modern, it is quiet.
“This hoist is a positive symbol for the building and for the city,” says Mr. Malkin. “It reflects the whirlwind pace of leasing at the property and the job creation our $550 million Empire State ReBuilding program is bringing to New York.”
While the hoist is on the outside of building, one of the largest elevator modernization projects in the history of the city is underway inside the building. This large-scale project is unobtrusive to tenants, guests, and visitors, with the work performed behind the scenes, away from the public eye.
In recent years, leading national and international corporations have selected the Empire State Building as their U.S. headquarters, including Air China, Federal Deposit Insurance Corporation, COTY, LF U.S.A., LinkedIn, Lufthansa, Skanska and Turkish Airlines.
Soaring 1,454 feet above Midtown Manhattan, the Empire State Building is the World’s Most Famous Office Building. With new investments in infrastructure, public areas and amenities totaling more than $550 million, the Empire State Building has attracted and continues to attract corporate tenants in a diverse array of industries from around the world.
The Empire State Building also has taken a leading role in sustainability, partnering with the Clinton Climate Initiative, Rocky Mountain Institute, Johnson Controls and Jones Lang LaSalle to develop an innovative process for a comprehensive energy efficiency retrofit program that will reduce the building’s total energy consumption by 38% and that has led the building to receive an Energy Star rating of 90, placing it in the top 10% in energy efficiency among all buildings measured under the Energy Star program. The energy retrofit program that contributed to the Energy Star designation was also an important element in receiving the LEED-EB Gold certification from the United States Green Building Council.
The Empire State ReBuilding upgrades include a comprehensive restoration of the Art Deco lobby and ceiling, along with the creation of a dedicated 34th Street tenant entrance, visitor desk and access control, messenger center, new restrooms, air-conditioned public corridors, new marble elevator cabs, 6,500 new windows, improvements to the building-wide mechanical and electrical systems, and improved security systems.
Part of the W&H Properties’ Pre-War Trophy office portfolio, the Empire State Building is supervised by Malkin Holdings LLC, one of New York City’s most financially stable ownerships. Additional high-end pre-built office suites are still available throughout the building, along with fully white-boxed partial and full floors ready for tenant build-out from 10,000 square feet, and a contiguous large block of up to 275,000 square feet now available. Broker commissions are paid in full at lease signing.
Contact:
From: W&H PROPERTIES
Contact: Rachel Antman or David Grant, LVM Group Inc.
(212) 499-6570; (212) 499-6565
rachel (at) lvmgroup (dot) com; david (at) lvmgroup (dot) com
