David Sigman, SVP of LCOR, tells GlobeSt.com that the totalproject cost is "around $90 million, including tenant allowances,brokerage commission, interest, etc." He also notes that askingrents will range from $100 to $160 per sf once construction iscompleted.
The class A office building will be recreated from scratch toprovide space to an upscale tenant roster, currently marketed toelite, boutique financial services companies and law firms. Locatedone block east of Central Park, the building offers tenantsfull-floor or multiple full-floor options ranging in size from9,300 sf to 6,200 sf with a 900-sf penthouse, with building-wideamenities creating an environment comparable to that of a five-starhotel, LCOR says.
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