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The property features an attractive four spaces per 1,000 square feet parking ratio, a remodeled conference and training facility, a modernized deli, and a state-of-the-art fitness center.
The newly christened McClellan Innovation Center, an 8,000-square-foot office, can accommodate up to 100 guests per day with flexible temporary or long-term desk leasing for individuals and companies.
The director of research, New York at JLL, says L&L and Normandy's acquisition reflects the insatiable demand for this type of product in Midtown South.
With the unemployment rate at 4%, many companies are taking a cold hard look at just what employees, especially the decision-driving Millennials, want in office spaces.
The deal reached between Related and the UBC and NYCDCC will be initially implemented on the 2.9-million-square-foot 50 Hudson Yards office tower project.