Plans filed for $9.2M multi-floor rehab at 2 Park Avenue

On November 24, plans were filed for a $9.2 million rehabilitation of two floors of commercial space at 2 Park Avenue in the Garment District, Manhattan. Cushman & Wakefield, the commercial services firm, filed the plans as a property manager.

Morgan Stanley acquired the building from a joint venture between L&L Holding Company and its institutional partner for $519 million back in 2007. According to a press release, L&L would maintain a minority position in the property.

City records stated the sale price as $565 million.

The plans call for work on floors 10 and 11 of the 355-foot-tall, 28-story building and were filed with the New York City Department of Buildings under job number M00617175.

In 2007, Bookspan, a subsidiary of German media giant Bertelsmann SE & Co. KGaA, signed a seven-year lease for the 10th floor of the building. It is unclear what tenant currently occupies the floor or if it is now vacant.

In 2011, British Airways signed a 10-year deal for the entire 11th floor of the building.

The project is described in the filing as: interior renovation of 10th and 11th floor existing commercial spaces as per plans filed herewith. No change in use, egress or occupancy.

The architect listed is Design Republic.

Direct link to Acris documents. LINK

Direct link to DOB NOW Public Portal. LINK