MetLife, Beacon Capital file plans for $1.8M rehab to upper floors at 575 Fifth Avenue in Midtown

MetLife and Beacon Capital Partners, on June 23, filed a permit application for a $1,840,000 rehabilitation of office space on two high floors at 575 Fifth avenue in Midtown in Manhattan.

So far in 2020, four additional plans have been filed for rehab work on floors five through seven and 24 through 26 at 575 Fifth Avenue.

The new plans call for a rehab of the 32nd and 33rd floors of the 485-foot tall, 35-story, office building.

The project is described in the filings as: minor demolition. Installation of new partitions, doors, suspended ceilings, flooring and finishes on the 32nd and 33rd floors (construction)/ 37th and 38th floors (marketing) as per plans (CBRE asset services). No change to use, egress or occupancy.

Gensler is the architect listed on the application.

MetLife bought 575 Fifth Avenue for $385 million in 2005. Ten years later, in 2015, they were joined by Beacon Capital Partners, who borrowed $321 million from Deutsche Bank to acquire a 50 percent stake in the building.

Direct link to DOB document. LINK

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