STAMFORD, CT-Benenson Capital Partners of New York City is set to launch a more than $15-million capital improvement program at its 1600 Summer St. property here.A key factor in launching the effort is that the property’s sole tenant for the past 15 years–General Electric Consumer Finance–will be relocating operations to 777 High Ridge Rd. by the late summer.

Shaun Henderson, director of leasing for Benenson, says the program will begin on April 6. Company officials say the entire renovation campaign will take about 12 months to complete.

The redevelopment will be the first total makeover of the property the firm built in 1980. Benenson is the owner and manager of the 270,000-sf office complex. Henderson adds that the property’s exclusive leasing agent Cushman & Wakefield is launching an aggressive marketing effort. He says that part of the capital improvement program will be to convert the property from a single-tenant to a multi-tenant property that can handle requirements of as little as 2,000 sf to more than 200,000 sf. Floorplates are large for this market at 45,000 sf, he notes, adding that he is currently negotiating with five prospective tenants that have requirements in the 50,000-sf to 200,000-sf range.

Architectural firm Perkins Eastman is in charge of the renovation program. Exterior improvements will include a French-curved cobblestone paved driveway lighted with obelisks and a new Porte Cochere canopy at the doorway. The Alexander Lieberman sculpture “Thrust” will remain the property’s symbol and focal point of the transformation, company officials say. The parking lot at the property is also pegged for a complete makeover.

Interior renovations include a complete lobby upgrade, with Italian ceramic tile floors and new elevator cabs. The lobby will open up to an extraordinary Parisian-styled bistro, which will offer a Wi-Fi connection and outdoor seating. Ownership will also add a fitness center, in addition to a fully equipped tenant conference center located on the main level.

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