Office renovation roundup: RFR, JPMorgan Chase, Brookfield, Regus

Last week several significant office rehabilitation projects were formally completed. Three of the most noteworthy came from RFR Holding, JPMorgan Chase, and Brookfield Properties.

RFR, on August 18, formally completed a $5 million rehab of a multiple floors at the Chrysler Building at 405 Lexington Avenue in Grand Central.

The plans, pre-filed on February 28, 2019, call for a rehab of the ground floor and floors seven through nine of the 857-foot tall, 77-story, building. At lease some of the floors are occupied by tenant Regus.

The project is described in the filings as: minor demolition. installation of new partitions, doors, suspended ceilings, flooring and finishes as per plans (tenant work – Regus spaces – center #4936.) No change to use, egress or occupancy. The initial cost as reported in the DOB filing for the work described in this permit application is $5,000,000.

The property was acquired for $75.5 million on April 5, 2019.

Direct link to Acris document.LINK

Direct link to DOB document.LINK

JPMorgan Chase, on August 21, formally completed a $6.4 million rehab of ground space at 383 Madison Avenue in Grand Central.

The plans, pre-filed on November 27, 2018, call for a rehab of ground space of the 712-foot tall, 44-story, building.

The project is described in the filings as: installation of interior non-bearing partitions as per plans filed herewith. No change in use, egress or occupancy under this application. The initial cost as reported in the DOB filing for the work described in this permit application is $6,404,257.

Direct link to Acris document.LINK

Direct link to DOB document.LINK

Brookfield Properties, on August 18, formally completed a $12.6 million rehab of the 17th floor of a building at 1 New York Plaza in Financial District.

The plans, pre-filed on April 3, 2018, call for a rehab of the 17th floor of the 640-foot tall, 50-story, building.

The project is described in the filings as: removal and installation of interior non bearing partitions and related finishes as per plans filed herewith. no change in use, egress or occupancy under this application. The initial cost as reported in the DOB filing for the work described in this permit application is $12,621,480.

Direct link to Acris document.LINK

Direct link to DOB document.LINK

There was also new plans, coming from Boston Properties, who filed a permit application for a $5.6 million rehab of two floors of a building at 399 Park Avenue in Plaza District.

The plans call for a rehab of the 20th and 21st floors of the 482-foot tall, 43-story, building.

The project is described in the filings as: filing for general construction including the removal and installation of interior non-load bearing partitions as per plans filed herewith. No change to use, egress or occupancy under this application. The initial cost as reported in the DOB filing for the work described in this permit application is $5,572,594.

Direct link to Acris document.LINK

Direct link to DOB document.LINK