ABS Partners Real Estate has completed a $50 million renovation of LX57, a 20-story office tower at 695 Lexington Avenue in Sutton Place, Manhattan. Led by Gensler‘s design studio, the project entailed a full restoration on the building’s façade, modernization of the commercial lobby, new signage at the ground floor, window upgrades, LED lighting, and contemporary pre-built office suites. The property is located at the corner of Lexington Avenue and 57th Street.
Complemented by modern aesthetics, the building is designed to appeal to the modern commercial tenant in both function and form. This includes a new entry marquee, a white marbled lobby, and elevator cabs with touchless systems that allow a user to hail a ride directly from a smartphone. The three pre-built units offer designer finishes, large communal pantry and kitchen areas, acoustic ceiling tiles to minimize the transfer of noise between floors, conference rooms, and oversized windows. The 16th floor suite also includes an outdoor terrace.
All pre-built suites are available for immediate occupancy. ABS is building out the remaining suites per tenant requests and specifications.
“Whether a firm is looking for its central headquarters for day-to-day in-person work or a desirable space that maintains a New York presence, the pre-built office spaces at LX57 boast luxurious in-suite amenities in an unrivaled location,” said Charles Conwell III of ABS. “It’s a total package of form, function, and workplace foresight as companies increasingly seek stand-out spaces for employees and guests.”
Asking rent at LX57 is $85 per square foot, a value option compared to other office properties in the Plaza District, one of the most expensive areas of midtown for commercial real estate.