Avenue of the Americas
CLIENT: CommonWealth Partners LLC
LOCATION: New York, New York
SERVICES: Property condition assessment
ASSET TYPES: Office , Retail , Mixed-use
\n787 Seventh Avenue is a 54-story office tower containing approximately 1.8 million square feet and built in 1985 in the postmodern style by architect Edward Larrabee Barnes. The property is connected underground to 1285 Avenue of the Americas and Rockefeller Center. It houses the corporate headquarters for BNP Paribas, Willkie Farr & Gallagher, Sidley Austin and UBS. Marx|Okubo was engaged to assess the existing condition of the building for a potential acquisition.
Our team identified vulnerabilities in the building envelope and provided recommendations for a preventative maintenance and repair program to mitigate the risk of leaks in roofs, exterior glazing and below-grade waterproofing systems for sidewalk vaults and plazas. Marx|Okubo also provided solutions for implementing a phased modernization program of over 40 elevators to ensure reliable vertical transportation.