The Moinian Group will begin the final phase of renovations at 60 Madison Avenue in the fourth quarter of this year, The Commercial Observer has learned.
Improvements at the 13-story, 195,000-square-foot Midtown South building will include a new glass and stone lobby designed by the architecture firm Gensler, new elevator cabs, updated common corridors and an advanced security system.
Additionally, Moinian has already completed renovations to the third and fourth floor, both of which are vacant. The rare availability at the building totals 38,000 square feet, which is being marketed by Murray Hill Properties. MHP took over leasing responsibilities from Newmark Grubb Knight Frank in January. Tenants in the property include the family-owned real estate company DSA Management, the financial services firm Corbel Capital Services and the fashion label G. Hensler & Company.
“Madison Avenue is one of the most sought-after addresses in the country,” Gregg Weisser, senior vice president of leasing at Moinian, said in a prepared statement. “With the office rental market booming in Manhattan, tenants deserve office amenities that match their prestigious corporate address. This renovation will elevate 60 Madison Avenue to one of the elite office destinations in Midtown South, while reflecting our tenants’ brands and reputations.”