Fifield Piaker Elman Architects completes first phase of $81m lobby renovation
The first phase of an $81 million capital improvements program at W&H Properties' 1400 Broadway - a top-to-bottom lobby renovation - is now complete, according to Michael Frantz, director of Newmark Knight Frank, the building's managing and leasing agent.
The lobby and entrance of 1400 Broadway, originally designed by Ely Jacques Kahn in 1931, was redesigned by Fifield Piaker Elman Architects.
The renovation features walls clad in book matched Italian marble panels, a new decorative ceiling composed of precast fiberglass reinforced gypsum panels and moldings, two new concierge desks with 24/7 security and new high-efficiency lighting.
At the lobby entrance, a new bronze and nickel clad storefront and canopy has been installed, framed by new granite pilasters to match the original exterior stone.
According to firm principal David Piaker, AIA, the completed design "restores the lobby and entrance to its former splendor while incorporating state-of-the art technology."
The next phases of the improvements program include renovations of restrooms and air-conditioned public corridors, installation of new windows and HVAC systems, and upgrades to all building systems.
The building is owned by 1400 Broadway Associates, L.L.C, a partnership led by Peter L. Malkin.
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.