News: Brokerage

Convene signs 22,519 s/f expansion at 360 Madison Ave. - total 68,000 s/f

Manhattan, NY Convene has signed the entire 22,519 s/f level six floorplate of 360 Madison Ave., growing to 68,000 s/f across the fourth, fifth, and sixth floors.

“Midtown Manhattan continues to be an incredibly strong market for Convene; our venues in the area, including 360 Madison Ave., have witnessed nearly 50% increase in demand year-over-year,” said Brian Holland, head of real estate at Convene. “With meeting and event spaces emerging as a core tenant of modern workplace strategies, the opportunity for contiguous expansion at this location allows Convene to grow our footprint while allowing us to serve our clients and their ongoing needs.”

The expansion space is set to open Q4 2024.

The sixth-floor expansion space at the 360 Madison Ave. location will offer five additional meeting rooms, including a 13-person boardroom, three mid-size event rooms ranging in size from 36 to 42 guests, and a conference hall that can serve as one large meeting space or be subdivided into three different rooms, accommodating up to 210 individuals.  In addition, there will be two  gallery spaces - one large and one small - for networking and food breaks inclusive of an unlimited snack and beverage bar and cafe seating to enjoy meals prepared by one of the Convene executive chefs.  

The fourth and fifth floors of the 360 Madison Ave. location currently operate as an etc.venues location - part of the Convene portfolio of brands - but will transition to operate as a Convene-branded venue in Q1 2025.  The sixth-floor expansion will open in Q4 2024 as part of the Convene conversion and will provide a white box space allowing for client and event branding opportunities, in-house catering with customization options and dining private to each event, in-room A/V technology supported by an on-site team, and dedicated hospitality resources.

Upon completion, Convene 360 Madison Ave. will comprise 15 meeting rooms across three floors and a full buyout capacity of more than 950 guests, making it ideal for company town halls, planning meetings, or any event that requires multiple breakout spaces.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,