Onyx Equities begins $4 million renovation project with partner Siguler Guff & Company, LP with partner Siguler Guff & Company, LP

Onyx Equities, LLC has begun renovations to 1311 Mamaroneck Ave. The firm purchased the note on the 325,000 s/f, class A office campus last February and took ownership of the asset upon completion of foreclosure proceedings in August 2014. The campus' three interconnected buildings sit on 27 wooded acres, directly off the Hutchinson Pkwy. and one mile from I-95. In addition to its location and glass façade, the campus features a full-service cafeteria, a fitness center, a conference center and covered parking. Together with partner Siguler Guff & Company, LP, Onyx plans to invest $4 million in order to upgrade the property. Capital improvements will include renovations to the campus' main lobby and two secondary lobbies, the cafeteria, a new, state-of-the-art conference center, public restrooms, and the building's landings and corridors. Enhancements are also set for the on-site fitness center, elevator cabs, exterior landscaping, and property signage. "Once our renovations are complete, 1311 Mamaroneck will be one of the top buildings in the marketplace," said Stephen Sullivan, Senior Vice President, Onyx Equities. "These upgrades will serve to modernize every aspect of the property and provide our tenants with a world-class corporate experience. By continually surpassing our tenants' expectations through our high-tech service and management platform, as well as through necessary capital upgrades, we've established a track record for increased retention at every property we own or manage."