Midtown East office tower 780 Third Ave. gets a botanical upgrade
Welcome to the rebranding celebration!
Nuveen Real Estate is re-positioning 780 Third Ave. as The Gardens at 780, capping a $40 million, “biophiliac” upgrade of the 512,000 square-foot office tower at East forty eighth Street that was initially the Wang Building.
It’s the newest transfer by a main landlord (Nuveen boasts $152 billion in belongings beneath administration) to make a Twentieth-century office tower extra interesting within the post-pandemic twenty first century.
Design agency A + I oversaw the project to convey nature and greenery to tenants. Nuveen, which has owned the 1983-vintage, granite-clad tower since 1999, is finishing in depth inside facilities that embody a state-of-the-art gymnasium and wellness heart, a tenants’ cafe and lounge and convention rooms.
Nuveen has exploited the tower’s deep setback on the avenue to create a 12,000 square-foot public mini-park to open in June. David Morton’s hospitality group DMK will launch a restaurant and oversee all the constructing’s meals and beverage program.
Nuveen director of office and life science Brian Wallick mentioned the modifications and additions “will provide tenants with a model post-pandemic work environment in the heart of Midtown East.”
Current office tenants embody monetary corporations Olive Tree Holdings, Lincolnshire Management and Baillie Gifford. The tower is 64 p.c leased. Asking rents vary from $68 -92 per sq. foot.
CBRE vice-chairman Paul Amrich is the chief of the leasing crew.