Hammacher Schlemmer building getting extra floor

12-story Midtown East office-and-retail property set for expansion

New York /
Feb.February 14, 2014 01:25 PM

The owner of the Midtown office building that houses famed retailer Hammacher Schlemmer plans to add an extra floor to the site, according to permits filed with the Department of Buildings on Wednesday.

Rodrigo Moscoso, manager of MIP US Holdings LLC, acquired the 12-story building at 145-147 East 57th Street, between Third and Lexington avenues, from real estate firm Jenel Management for $34 million back in 2010, property records show. Sterling Interiors Group is handling design of the new floor.

Plans call for the construction of new interior partitions, ceilings and doors, and the transferring of the zoning floor area.

In 2010, Hammacher Schlemmer announced it would end its 4,000-square-foot lease later that year, as previously reported. The store’s management changed its mind and decided to make renovations to the existing structure. The gadget specialist occupies the first three floors in the building.

The address has long been the flagship space for Hammacher Schlemmer, which opened for business as primarily a hardware store in 1848. The company didn’t move into the 53,600-square-foot building on 57th Street, however, until 1926.

Moscoso could not be immediately reached for comment.


Related Articles

arrow_forward_ios
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Vanke US, Getty, M18 Public Relations)
With Aby Rosen out, Chinese developer slashes Midtown condo prices
With Aby Rosen out, Chinese developer slashes Midtown condo prices
Retail landlord Jack Terzi and 240 East 54th Street (Jack Terzi)
Terzi owes $58M and counting on Midtown SoulCycle building: suit
Terzi owes $58M and counting on Midtown SoulCycle building: suit
825 Third Avenue in Manhattan in NYC with Durst Organization financial associate Lucas Durst (LinkedIn, 825 Third Avenue)
Durst scores $100M loan for 825 Third
Durst scores $100M loan for 825 Third
ZG, Rialto buying former Santander building for $105M
ZG, Rialto buying former Santander building for $105M
ZG, Rialto buying former Santander building for $105M
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
Bank inks 17K sf retail lease at Park Avenue corner
Bank inks 17K sf retail lease at Park Avenue corner
Bank inks 17K sf retail lease at Park Avenue corner
Hopson Development Holdings, Silverback submit $320M Midtown East condo plan
Hopson Development Holdings, Silverback submit $320M Midtown East condo plan
Hopson Development Holdings, Silverback submit $320M Midtown East condo plan
550 Madison Avenue and Chubb Group CEO Evan Greenberg (Getty, 550 Madison)
Chubb Group negotiating 10-floor lease at Olayan’s 550 Madison Avenue
Chubb Group negotiating 10-floor lease at Olayan’s 550 Madison Avenue
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...