X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-It took a year, but the American Red Cross of Greater New York has found a new home. After selling its long-time headquarters at 150 Amsterdam Ave. for $72 million last year, the organization embarked on a search for a more tech-savvy base of operations and has acquired the 100,000-sf 514 West 49th St. for $33 million. Renovations will cost approximately $30 million. The Red Cross had been at the Amsterdam address since 1963.

Studley led the search process as well as arranged the transaction on behalf of the Red Cross. Ira Schuman was the broker. The four-story site will be renovated and upgraded including the installation of high-tech communications and information technology systems. A total of 140 employees will move to the site in the fall of 2006. The new headquarters will also accommodate hundreds of volunteers who are part of a 3,600-volunteer force. According to a spokesperson, when the search process began last year, the organization was evaluating all options, including leasing or buying, and was exploring various Manhattan neighborhood, not just the West Side.

Theresa Bischoff, CEO of the American Red Cross in Greater New York says the new building enables will use “state-of-the-art technology and facilities, to help the nine million New Yorkers to prepare and respond to any kind of disaster and emergency.” She points out that the new location will also provide improved transportation access, directly onto the West Side Highway, to achieve better response times.

Architectural firm Gensler will oversee the renovation process that will include creating a technologically advanced Emergency Communications Center which will operate 24/7 and establishing an Emergency Operations Center so the ARC can respond to any future major disasters and coordinate with agencies of the city, state and federal governments. Other work will be completed on classrooms and training centers to potentially double the capacity for lifesaving skills instructional courses and a large garage will be constructed to dispatch emergency vehicles to disaster sites with personnel and supplies.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.