Beacon Capital Partners

Exterior render of 707 11th Avenue, courtesy of Goldin Solutions

New Life Science Facility Announced at 707 Eleventh Avenue in Hell’s Kitchen, Manhattan

The Georgetown Company and Beacon Capital Partners, in collaboration with ZoE Life Sciences, have announced plans for a seven-story life science facility at 707 Eleventh Avenue in Hell’s Kitchen. Designed by Elkus Manfredi, the 185,000-square-foot structure is located between West 50th and 51st Streets. The new development is supported by the New York City Industrial Development Agency and managed by the New York City Economic Development Corporation, and will feature laboratory, research, and office spaces.

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575 Fifth Avenue

Renovations Planned at 575 Fifth Avenue, a 35-Story, 360,000-Square-Foot Office Tower in Midtown

Property owners Beacon Capital Partners and MetLife (the insurance company) are planning to execute a $25 million renovate on their 35-story, 533,695-square-foot multi-use commercial building at 575 Fifth Avenue, located on the corner of East 47th Street in Midtown. Planned is a redesigned lobby, new exterior and interior elements such as a building canopy, signage/advertising, and lighting, and new amenities such as a 6,000-square-foot conference center and a lounge, Real Estate Weekly reports. The 360,000-square-foot office portion already connects to the building’s three stories of retail and restaurants via an atrium. Barneys New York recently signed on to 72,000 square feet at the tower, and Westpac Banking Corporation and Northwood Investors each have leased 15,000 square feet. The building was developed in 1983.


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