Check Out Billy Macklowe’s New Tech Prebuilt at 386 Park Avenue South
Jotham Sederstrom Oct. 18, 2012, 7 a.m.
When the William Macklowe Company acquired 386 Park Avenue South late last month, the firm’s chief executive, Billy Macklowe, wasted no time devising a plan to reposition the 20-story asset, from a building filled with legacy tenants and multiple businesses on each floor to an oasis in Midtown Manhattan for that market’s rapidly growing number of tech startups, media companies and full-floor corporations. But aside from the renovations, Mr. Macklowe and a leasing team headed by CBRE Vice Chairman Paul Amrich created a program at the 270,000-square-foot building, including a pair of 13,000-square-foot, full-floor prebuilt offices designed to house the city’s next big thing. Last week, Mr. Macklowe and Mr. Amrich reviewed floor plans with The Commercial Observer and explained what tenants can expect when space at the building hits the market later this week.