Stellar finishes $8.7M fit-out for Aetna at One Soho Square East

Stellar Management, on July 13, completed a $8.7 million tenant fit-out in an office building, referred to as One Soho Square East, at 161 Avenue of the Americas in Soho.

The plans, pre-filed on August 24, 2018, call for a rehab of the ground floor and a fit-out of floors 12 through 15 of the 260-foot tall, 15-story, building, for their tenant Aetna.

The project is described in the filings as: filing herewith interior fit-out of four floors for Aetna. Scope includes the removal and installation of interior non-load bearing partitions and related finishes as per plans. 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 $8,671,630.

The property, along with 233 Spring Street, was acquired for $200 million on May 8, 2012 as part of a joint venture between Stellar Management and Imperium Capital.

Plans were quickly disclosed that the partners would reposition the buildings, known as One Soho Square, into a Class A property.

Aetna signed a lease for the top four floors, which total about 100,000-square-feet, at 161 Sixth Avenue in August of 2018. Initial reports stated that rent on the 12th through 14th floors at One Soho Square starts at $84 per square foot, and $112 per square foot on the 15th floor.

Direct link to Acris document.LINK

Direct link to DOB document.LINK