New York City Office Set for US$100M Redevelopment

The renovation is expected to reach completion in 2023. (c) Jermaine Ee

28 January 2022 | New York City, United States

Nearly two years after Brookfield Properties and WatermanClark took control of the Lever House at 390 Park Avenue, the developers are ready to put their stamp on the building.

The developers announced on Tuesday, 25 January, 2022 the start of a US$100 million redevelopment for the office tower. The project is aimed at improving the ground-level public plaza, lobby and third-floor roof terraces.

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The third floor will include a tenant-only club, which will have a lounge, restaurant and conference room. The renovation of the building has already started and is expected to be completed in the first quarter of 2023.

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