Spector Group Tapped to Refashion 270 Madison Ave.
- Apr 20, 2017
Whether we’re talking tenants or architecture, Manhattan’s buzzing central business district has a constant fresh face. Leading private equity firm ABS Partners Real Estate is determined to stay on top, having singled out award-winning Spector Group to redesign and retrofit 270 Madison Ave.’s lobby. The renovations aim to highlight the asset’s classic and elegant traits through modern upgrades. The work is slated for completion by the end of the 2017.
The building’s lobby is made of fine calacatta stone, bursa beige stone, alabaster terrazzo and oxidized brass, featuring a glass entrance façade. The refurbishments are meant to emphasize the variety of textures and colors through simple, yet bold lines, together with a custom-designed cascading wood trellis ceiling. The new lobby will also feature a rotating art display.
According to Yardi Matrix data, the building was constructed in 1923 and was completely renovated in 2004. The Class B, 19-story, 258,283 -square-foot office asset also features 13,900 square feet of retail space, with floor plans ranging from 7,500 to 17,700 square feet. Located in the borough’s Grand Central Office District, side by side the Murray Hill neighborhood, the building is within walking distance of Grand Central Terminal, New York Public Library and Bryant Park, as well as many retailers, banks, restaurants and hotels.
“We wanted to create a profoundly elegant design that adequately reflects the prestige of the building. Our design’s emphasis on classical-contemporary details brings the longstanding spirit of the building into the present and future,” Scott Spector, principal with Spector Group, said in a prepared statement. The company’s recently received an award for the repositioning and redevelopment of Brookfield Place.
Image courtesy of ABS Partners Real Estate