$350 Million Redevelopment Plan in the Works for 295 Fifth Avenue in Midtown South

Terrace of 295 Fifth Avenue in Midtown SouthTerrace of 295 Fifth Avenue in Midtown South. All images courtesy of Tribeca Investment Group/Studio Architecture

295 Fifth Avenue in Midtown South will soon receive a $350 million redevelopment at the hands of Tribeca Investment Group, PGIM Real Estate, and Meadow Partners. The full-block, 16-story “Textile Building” will have 700,000 square feet of updated office space. Studio Architecture is responsible for the design and CBRE is handling marketing.

Entrance of 295 Fifth Avenue in Midtown South

Entrance of 295 Fifth Avenue in Midtown South

Lobby of 295 Fifth Avenue in Midtown South

Lobby of 295 Fifth Avenue in Midtown South

Courtyard of 295 Fifth Avenue in Midtown South

Courtyard of 295 Fifth Avenue in Midtown South

“From day one we were inspired by the history and uniqueness of this building,” said Elliott Ingerman, TIG founding principal. “It’s rare that a full-block building with such a storied past also offers a strong foundation to be redesigned for the modern workforce. By taking the existing structure and reimagining it for today’s talent—adding outdoor work spaces, creating light-filled office floors, and infusing hospitality-driven design principles—we’re taking the foundation of the building and creating something completely unique.”

Terrace of 295 Fifth Avenue in Midtown South

Terrace of 295 Fifth Avenue in Midtown South

Penthouse of 295 Fifth Avenue in Midtown South

Penthouse of 295 Fifth Avenue in Midtown South

The most significant change for the 100-year-old building is the addition of a two-story, 34,000-square-foot penthouse atop the structure. Infrastructure upgrades include elevators, new window systems, and air conditioning and heating systems. Ground-floor archways will receive a floor-to-ceiling glass treatment as well as metal panels that complement the brick façade. Various outdoor terraces and green spaces are also visible in the renderings.

A first-floor courtyard also offers more natural light to tenants, as well an option for open-air workspace. Other amenities include flexible floor plates, 12- to 18-foot ceiling heights, specialty floors, and an updated lobby designed by Studio MAI. The new lobby will have a cafe and library in addition to courtyard access and the traditional check-in area.

Lobby Bar of 295 Fifth Avenue in Midtown South

Lobby Bar of 295 Fifth Avenue in Midtown South

Amenity space of 295 Fifth Avenue in Midtown South

Amenity space of 295 Fifth Avenue in Midtown South

“With the addition of the penthouse, 295 Fifth Avenue becomes an absolute jewel in Midtown South,” said David Burns, principal at Studios Architecture. “By maintaining the original building’s character and creating something more than a glass cube for the podium floor, we’ve combined the essence of classic New York with modern necessity. The garden terraces feature expansive and rarely seen views across Midtown South.”

295 Fifth Avenue will be ready for tenant construction in the first quarter of 2022 and open for occupancy by the third quarter.

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3 Comments on "$350 Million Redevelopment Plan in the Works for 295 Fifth Avenue in Midtown South"

  1. The lush plantings in the lobby give it an “Amazonish” feel!
    Maybe “they” will need a few extra square feet of office space? 🤔

  2. Daniel Pietenpol | April 21, 2021 at 10:11 am | Reply

    I think the lobby could use some additional plants. I can still see the floor in a few places!

  3. Nelly Zambrano | April 22, 2021 at 7:27 am | Reply

    Just in time.
    How lucky any tenants is when they move in

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