Stantec renews long-term 47,000 s/f lease at RFR’s 475 Fifth

Manhattan, NY According to RFR, Stantec has committed to a long-term renewal of its three-floor, 47,433 s/f space at 475 Fifth. The firm has been a tenant at 475 Fifth since 2014. Located at the corner of Fifth Ave. and Bryant Park, the building has views of New York Public Library and Bryant Park and offers access to key transit nodes. As a complement to the sought-after location, RFR has launched a pre-built program at 475 Fifth with Fogarty Finger.

“The activity at 475 Fifth has been extremely robust,” said AJ Camhi, executive vice president and director of leasing of RFR.

Stantec’s renewal was preceded by a 15,551 s/f expansion by Herman Law, which initially began its tenancy at 475 Fifth in 2023. After a period of growth, the firm leased additional space on a short-term basis and has since seen its caseload grow exponentially. Throughout the firm’s tenancy at 475 Fifth, RFR worked closely with Herman Law to ensure its space needs were being met, culminating in the long-term lease commitment.

Additionally, earlier this year Ionic Capital Management, a tenant at 475 Fifth since 2014, renewed its 16,029 s/f lease. Between Stantec, Herman Law and Ionic Capital Management, 475 Fifth has experienced close to 80,000 s/f of recent leasing activity.

Stantec was represented by Justin Haber and Kyle Riker of JLL; Jarod Stern of Savills represented Herman Law; and, Ionic Capital was represented by Evan Margolin of JLL. RFR was represented in-house by Camhi, senior vice president Paul Milunec and vice president Rob Weller. Asking rent in the building is $95 per s/f.

The new Fogarty Finger-led pre-built program will bring 31,398 s/f of well-appointed office space across five suites, some featuring private terraces overlooking the library and Bryant Park. RFR – in collaboration with Fogarty Finger – will build out turn-key spaces at 475 Fifth featuring custom finishes and fixtures and high-end pantry/café spaces, with completion expected in December 2025.

Designed by Starrett & Van Vleck, 475 Fifth is a pre-war building. The central location in the transit triangle provides access to Port Authority Bus Terminal, Grand Central Terminal and Penn Station offering tenants a one-seat commute. The building was completed in 1926 as one of only five Fifth Ave. assets with Bryant Park exposure. 475 Fifth Ave. offers six activated outdoor terraces, a newly renovated statement lobby designed by Swanke Hayden Connell, a curated public art program, and a detailed façade restored to its original turn-of-the-century elegance.