The Real Deal New York

Renovations could help 579 Fifth court new tenants

September 05, 2012 12:00PM

579 Fifth Avenue (credit: PropertyShark)

Axel Stawski’s 579 Fifth Avenue has undergone a quiet, yet transformational, renovation. And its new look provides some insight into the building’s future use. It looks like the property, now reportedly home to small jewelers and a bank, is looking to attract tenants in search of full-floor spaces, as well as to fashion retailers.

Changes include work to the façade, once clad in horizontal white bricks. It now boasts a shiny low-iron glass cover with a Polar White interlayer. A limestone slab that runs vertical from the edge of the façade has been remade into a continuous glass corner for offices. The property’s storefront, currently occupied by Bank Leumi — its lease expires in a few years — is set to have more glass suitable to fashion tenants, the Post said. Inside, the lobby has been enlarged and upgrades were made to elevator cars and hallways.

CBRE is marketing the available floors, which the Post said are few in number.

According to PropertyShark, the building measures 130,715 square feet and is 16 stories high. [Post]

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