News: Brokerage

Central Construction nears completion of façade restoration at 30 Broad St.

Manhattan, NY Central Construction is finishing an all-encompassing project at the historic Financial District office tower, 30 Broad St. For nearly two years, the work on the 50-story building has encompassed extensive corner and parapet rebuilding, structural steel reinstallations and repairs, and select terrace replacements.

Central Construction worked on the project with building ownership, Tribeca Associates, LLC, CBRE Management, and building enclosure consultant CANY.

“This multi-phase, multi-year project is coming to fruition and we are proud of the accomplishments of our supervisors and crew,” said Michael DiFonzo, president, Central Construction. “Safely bringing the building back to its original luster was a full team effort requiring both skill and patience.”

The Art Deco style office tower opened in 1932 in the Financial District. Formerly known as the Continental Bank Building, the 476,000 s/f structure stands 564 ft. high and is located next to the New York Stock Exchange, stretching along Broad St., Exchange Pl., and New St.

“We have had the privilege of working with a dedicated group of professionals on this project,” said Andrew Bardolf, principal, Central Construction. “All of us appreciate how much this stately building has been an integral part of our city’s glamorous history. Seen in multiple films over the decades, it was notably called the ‘Larrabee Building’ in the 1954 Oscar-winning 1954 version of ‘Sabrina,’ starring Humphrey Bogart, Audrey Hepburn and William Holden.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.