Resolution Real Estate has completed a major renovation of the historic McGraw-Hill Publishing Company building at 330 West 42nd Street in Midtown, Manhattan. Designed by American architect Raymond Hood, the 35-story building was originally constructed in 1931 and is considered an outstanding example of Art Deco design.
To bring the building up to current market standards, MDeaS Architects’ designs include open office floor plans, exposed steel beam ceilings, fully functional windows, exterior terraces for some office suites, and an atrium in the lobby. 35 foot high hall. Tenant amenity spaces include multiple lounges, conference rooms, a wellness center, nine 20,000 square foot outdoor landscaped terraces, and event spaces with pre-function areas.
The total project cost around $ 120 million. Leasing launched earlier this month led by Newmark.
“Raymond Hood’s McGraw-Hill Building was the most progressive property when it was completed in 1931,” said Dan Shannon, MdeAS partner. “Almost 100 years later, and with the planned major rejuvenation project underway, the building is once again on its way to becoming a modern marvel.”
The New York City Monuments Preservation Commission successfully designated the building as a city monument in 1979 and it was added to the National Register of Historic Places in 1980. Nine years later, the building was designated a monument national historic.
“It really is the story of taking what was once the most significant office tower of its day and bringing it back to its original noble stature,” said Gerard Nocera, Managing Partner of Resolution Real Estate Partners. McGraw Hill is a timeless asset highlighted by stunning floor plates, high ceilings and unmatched floor space to window ratio, which will further benefit from a new fresh air HVAC system, new openable windows, new elevators, new electrical systems, a grand new lobby and contemporary amenities for tenants in a location next to one of the city’s best Golden Triangle transportation hubs! ”
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