News: Owners Developers & Managers

Helmsley Spear implements Vendmost Thermascanner Readers

Manhattan, NY Helmsley Spear, LLC has installed Vendmost Thermascanner readers in two of its leased and managed properties in FiDi, 48 Wall St. and 83 Maiden Ln.

The Vendmost Thermascanner Reader, provided by Accelerated Technologies Holding Corp. (ATHC), through an exclusive distribution agreement, is a temperature sensing monitor with face recognition, intended to ensure the safety of the building’s tenants and visitors by providing them with an accurate recording of temperature measurement through an integrated system with building management systems such as turnstile access points of entry. The device avoids infection from exposed employees that could result from manual temperature checks. With its smart AI technology, the Vendmost Thermascanner scans five points of the face for a facial recognition system with a high success rate for more accurate contact tracing.

The installation was announced by Kent Swig, president of Helmsley Spear. “We are pleased to install this new technology which ensures the safety of our tenants and visitors at 48 Wall St. and 83 Maiden Ln. This was a very important project to us at Helmsley Spear, and we are proud to be a leader in the industry for health, safety, and ease of access,” said Swig.

48 Wall St. is a 324,000 s/f commercial office building located in the heart of the FiDi neighborhood of Lower Manhattan, leased and managed by Helmsley Spear. 48 Wall St. maintained all of the original 1927 architectural detail of this landmark building, while completely renovating all internal workings including the installation of a new fiber-optic backbone for broadband internet access; a cost-efficient tenant controlled 24 hour HVAC system with new floor by floor DX units; new electrical  service incorporating a minimum of 6 watts per s/f of electric power above that required by the HVAC system; Otis elvonic elevator system. In addition, a new cooling tower was installed, as well as new energy efficient operable thermopane windows throughout the entire building.

83 Maiden Ln. is a 180,000 s/f property is also managed and leased by Helmsley Spear, LLC. The office space consists of a contiguous block of 54,000 rentable s/f on floors 3 through 6 with each floor comprising 14,000 rentable s/f each, while the retail space comprises 4,170 rentable s/f.  The retail space consists of a portion of the ground floor and basement with outstanding features including 15-ft. ceilings, a vented premise with gas supply, 24 hours seven-day access, with direct building access to the lobby. The lobby has also been exquisitely restored and expanded to include a new concierge desk, enhanced security systems, and the building has completed the installation of new granite and marble ADA-compliant bathrooms on each floor. Tenants also benefit from full floor identity to meet a range of requirements from 14,499 to 3,950 s/f.

MORE FROM Owners Developers & Managers

GFP Development and CetraRuddy to speak at ICF “On the Future of City Living”

Manhattan, NY After the reveal of Wrey, the second office-to-residential luxury conversion by GFP Development and award-winning architecture and interior design firm CetraRuddy, two of its key design protagonists will speak at ICFF “On the Future of City Living.”
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).