LCOR’s LEED Gold (for Core and Shell) hopeful 545 Madison Avenue is back in the news after the developer recently inked British retailer Alfred Dunhill to a 10-year, 7000-square-foot lease for two floors of retail space. The upscale men’s clothier is currently located at 711 Fifth Avenue but will receive 175 feet of street window frontage along Madison Avenue and East 55th Street. CB Richard Ellis represented LCOR and Alfred Dunhill in the lease negotiations, which resulted in a deal at $600 per square foot.
The store should open up this summer; LCOR is aiming the 17-story project’s 140,000 square feet of office space at seventeen (or fewer) boutique legal or financial services firms. New York City-based Moed de Armas & Shannon is the architect. The project involved gutting an existing building down to its structural frame (qualifying it for LEED-CS) and the installation of a floor-to-ceiling glass curtain wall and high performance HVAC, electrical, and mechanical systems.