Perfect Office Space For Hedge Funds or Alternative Investment Management Offices
Over the last decade, New York City has seen a tremendous amount of new office supply hit the market. From the World Trade Center to Hudson Yards and the Midtown re-developments of 425 Park Avenue, One Vanderbilt, 510 Madison Avenue and 250 West 55th Street, the one thing has been increasingly evident is that new office construction throughout the island of Manhattan is a hot subject among occupiers, and there is real demand for such product. Though the majority of the ground-up developments throughout the city cater primarily to larger corporate users, there is a brand new opportunity to occupy smaller units at 106 West 56th Street, a boutique trophy office tower located between Sixth and Seventh Avenues, that measures 90,000 square feet spanning over 26 floors.
Developed and owned by Savannah, “The Six” is a new glass and steel tower that is under construction and will be finished by the end of the year. Once completed, the floors will range in size from roughly 2,500 rentable square feet to 4,500 rentable square feet, and due to the setbacks throughout the asset, several floors will showcase usable terraces. Designed to be occupied by single floor users, the asset will cater primarily to the hedge fund, private equity, family office and boutique financial services industries because of the prime Plaza District location and optimally sized floorplates. Additionally, once reaching the 20th floor, the tower begins to display Central Park views. As you can imagine, The Six will have all of the benefits found in new construction- including a tenant-exclusive lounge and concierge service, tenant-only board room/conferencing area, slab heights of 13’6″, highly efficient column-free floor plates, floor-to-ceiling windows and cutting edge infrastructure.
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