[[{“value”:”
Waterman Interests, LLC, and HPS Investment Partners have announced a major redevelopment of 850 Third Avenue, a 605,000-square-foot, 21-story office building located near Grand Central Terminal in Manhattan. Built in 1961, the property currently features the largest contiguous block of available office space in Midtown East — approximately 450,000 square feet — and is set to undergo a significant capital improvement program.
“This strategic capital redevelopment program positions the building for tenants who demand a modern infrastructure and appearance in a location that offers access to transportation, corporate density, and neighborhood amenities,” said Simon Wasserberger, managing director at Waterman Interests. “The large block of space offers a single user numerous customization and branding opportunities at a time when there is very little exceptional space available in the market.”
The redevelopment team includes MdeAS Architects as the building architect and Vocon as lead interior architect. Turner Construction will manage construction, Cosentini Associates will oversee mechanical engineering, and JLL has been appointed as the exclusive leasing agent for the office space.
Rendering Credit: Neoscape.
“}]]
