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515 Madison Goes For LEED Certifications: Unveils New Lobby, Floor-Through Units
FOUR NEW LEASES TOTAL MORE THAN 40,000 SQUARE FEET
New York, NY (06/02/2009)
A fully restored lobby and newly renovated office space recently were featured at an open house luncheon at 515 Madison Avenue (at 53rd Street). Eric Gural, executive managing director of Newmark Knight Frank, who represents the 42-story building, reports that several new tenants have recently leased space at 515 Madison, but that space is still available-including four tower floors. The building, including two pre-built floors is expected to garner LEED (Leadership in Energy and Environmental Design) certification from the U.S. Green Building Council, Gural adds.
“We extended the building’s lobby further out toward the street, by about 40 feet,” he explains, “and restored the decorative ceiling so that it looks just as it did when the building was completed in 1932. We even got the new marble from the same quarry from which the original marble was taken.”
Gural hopes that the building will receive a Silver LEED-EB (Existing Building) certification. The 13th and 14th floors of 515 Madison have been built out to specifications calculated to win a Silver LEED-CI (Commercial Interiors) designation.
“The award looks at mechanicals and air quality control,” Gural explains. “The LEED-CI designation is earned mainly through using the right materials: recycled glass and wood; materials that were sourced from nearby. The building has a sorting and recycling program, and mechanicals include low-flush toilets and sensors that turn lights on and off when people enter and leave a space.”
Five tenants have recently leased space at 515 Madison: one existing tenant that is expanding into new space, plus four newcomers. Kreab & Gavin Anderson Worldwide, a global marketing company, is expanding its presence in the building to 9,132 square feet. New tenants include Memorial Sloan-Kettering Cancer Center (22,300 square feet), the March of Dimes (8,600 square feet), Lepol Realty Corp., a development company (3,792 square feet), and Hamilton Investment Funds, an investment firm (1,900 square feet).
About Newmark Knight Frank
Newmark Knight Frank is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from over 195 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $47.6 billion with annual revenues of over $962 million. With a combined staff of more than 6,900, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.
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