PENN 1 Office Building Renovation Update- 34th Street Lobby Open
PENN 1 Office Building Renovation Update- 34th Street Lobby Open
PENN 1, previously known as 1 Penn Plaza, has finished the first phase of a $200 million renovation with the opening of its handsome new 34th Street lobby. When fully completed the renovations will yield a contemporary corporate environment and Tenant amenities that rival the new Hudson Yard office buildings on the far west side. To its advantage, PENN 1 is the only New York City building with direct vertical access to Penn Station, which is also undergoing a massive renovation.
PENN 1 Office for Lease
(1) Raw/unfinished space that the Landlord constructs to your specifications. Included are the services of an architect to assist with space planning.
(2) Raw/unfinished space that a Tenant constructs on its own utilizing money (the “cash contribution”) and time (the “rent abatement”) provided by the Landlord.
PENN 1 – Your Corporate HQ
• Class A office building constructed in 1972, ongoing $200 million renovation to be completed in 2021
• 2,524,000 total building with floors ranging from 37,000 to 80,000 RSF; 57 stories tall and rising 751 feet
• 24- hour, 7- day access, uniformed lobby concierge, uniformed security, and turn-style access cards for Tenants
• 44 passenger and two freight elevators
• Central HVAC provided Monday to Friday, 8:00 am- 6:00 pm. Overtime and supplemental AC available.
• Fully sprinklered building, emergency lighting and power
• LEED and Energy Star certified
• Conference and meeting rooms available for rent onsite through Industrious.
• Telecom providers include Verizon, Cogent, MCI/Verizon Business, Time Warner Telecom, Con Ed, AT&T, Time Warner Cable, Direct TV, Light Tower
• 695 car underground garage
• Owned and managed by Vornado (VNO), a publicly traded company
• New York, NY 10119
About Cogent Realty Advisors, Inc.
Cogent Realty Advisors is an independent and licensed no fee Realtor with more than 20 years of experience representing businesses that lease NYC office space. We offer leasing solutions for office Tenants seeking stability and value in uncertain times. For information phone Mitchell Waldman at (212) 509-4049.
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