N
ew York City's office market is still sizzling, but visionary developers are now building top-notch workspaces that cater to the city's most discerning tenants. Here are three new additions to Manhattan's commercial landscape:
At 125 W. 57th St., a stunning 30-story tower offers breathtaking Central Park views from its 172,685 square feet of offices. Developed by Alchemy-ABR Investment Partners and Cain International, this elegant building features a unique design that incorporates a new Calvary Baptist Church in its base. The 11th floor boasts an impressive 7,150 square feet of amenities, including a 4,300-square-foot outdoor terrace, private meeting rooms, and a lounge with a catering kitchen.
Rents at this trophy tower start at $200 per foot, making it an attractive option for top tenants seeking luxury office space. "We're creating something boutique that doesn't exist in the market," said Kenneth Horn of Alchemy. The building's 11 floors offer private terraces and duplex options, while its prime location on Billionaires' Row ensures unparalleled views.
In contrast, 520 Fifth Ave. offers a more luxurious experience with its 1,000-foot-tall tower combining living, working, and play spaces. Developed by Mickey Rabina, this Art Deco-inspired building features arched windows and terraces, as well as column-free offices on the ninth through 34th floors. With prices in the "triple digits," this tower is geared towards high-end tenants seeking an exclusive experience.
Lastly, 11 E. 26th St. offers a unique blend of history and modernity, with two connected Neo-Gothic buildings overlooking Madison Square Park. Developed by Rockrose, this 400,000-square-foot office space features rare 31,000-square-foot floor plates, as well as an impressive range of amenities, including a glamorous roof deck conference space. With rents around $145 per foot, this building is poised to become a game-changer in the Manhattan office market.
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