CBRE Tapped to Lease Manhattan Office Tower
The 1.6 million-square-foot high-rise is undergoing a makeover, designed by Skidmore, Owings & Merrill.
The Soloviev Group has tapped CBRE as the exclusive leasing agent for 9 W. 57th St., a 1.6 million-square-foot office tower in Manhattan’s Plaza District. The property houses the headquarters of its owner, as well as other high-profile companies, such as Chanel, Apollo Management or Loews.
Also known as the Solow Building, the 50-story tower is now in the last stages of a renovation plan designed by Skidmore, Owings & Merrill. The overhaul includes elevator upgrades, a new conference and private dining area with views of Central Park, an upgraded lobby and 11,000-square-foot fitness center.
READ ALSO: CRE Brokers on How They Build an Effective Personal Brand
The available space ranges from 6,000-square-foot prebuilt units to full floorplates of 34,000 square feet. CBRE’s team in charge of marketing the asset comprises Vice Chairmen Howard Fiddle, Robert Stillman and John Maher, Executive Vice President Gregg Rothkin, Senior Vice President Cara Chayet, First Vice President Alex Leopold and Financial Analyst Tara Rhodes.
The high-rise is situated on a 1.4-acre lot, between Fifth and Sixth avenues, close to The Museum of Modern Art and Rockefeller Center, 3.5 miles from Lower Manhattan and within 8 miles of Brooklyn.
According to a recent CommercialEdge report, Manhattan remained among the priciest office markets in 2022, closing the year with an average asking rate of $76.09 price per square foot. Earlier this month, Fox Corp. and News Corp. signed two long-term lease extensions at Ivanhoé Cambridge’s 1211 Avenue of the Americas in Midtown Manhattan. The lease agreements totaled 1.2 million square feet for both companies.