|Address:||390 Park Avenue||Class:||A|
|Cross Streets:||53rd & 54th Streets||Size:||275,000 SF|
|Year built:||1952||Architect:||Gordon Bunschaft of Skidmore, Owings & Merrill|
The Lever House in Midtown Manhattan was one of the first glass-walled, International Style office buildings in the country, upon completion in 1952. Designed by Gordon Bunschaft of Skidmore, Owings & Merrill for the Lever Brothers, the tower is a New York City landmark and was added to the National Register of Historic Places in 1983.
The development of Lever House was made possible by the city’s 1916 zoning resolution, which allowed skyscrapers to not feature setbacks as long as they occupied 25% or less of their lot. The building’s design features similarities to Ludwig Mies van der Rohe’s Seagram Building, which is located across the street and is also owned by RFR Realty. RFR bought Lever House in 1998 and invested millions into upgrading the building to modern standards. Its glass curtain wall was replaced in 2001, an effort spearheaded by SOM.
267 KSF of Class A Park Avenue Office Space
390 Park Avenue features 267,000 square feet of Class A Plaza District office space across 24 floors. The building’s blue-green glass curtain wall is heat-resistant and was designed to reduce maintenance costs; consequently, windows are not operable.
RFR Realty invested $25 million to modernize the property in 2001. The renovation effort included the restoration of the glass wall and the public spaces at the base of the tower. Lever House now includes 15,000 square of retail space and houses a restaurant and an art gallery on the ground floor.
Getting to and from Lever House
Lever House benefits from an excellent location on Park Avenue between East 53rd and 54th streets, offering easy access to all the popular destinations of Midtown. The building is located nearby the Fifth Avenue-53rd Street subway station, which serves the E and M lines.
Who is renting office space at Lever House?
Lever House is home to various companies in the financial services industry, and is currently fully leased. Notable office tenants include Arconic, Classic Realty, Hellman & Friendman, RFR, and Sanders Capital. The ground floor houses the popular Casa Lever restaurant, as well the Lever House Art Collection, which hosts world-class contemporary art exhibits in the lobby.
How much is the rent price for office space at Lever House?
Office asking rents at Lever House are roughly on par with the Midtown Manhattan average of $87 per square foot. However, the building’s excellent location on the bustling Park Avenue and its iconic, landmarked status can often push asking rents well above the Plaza District average.
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