Renovations Planned for 114 W. 47th St.
There’s an exciting transformation on the horizon for 114 W. 47th St., a property owned by the Durst Organization that differentiates itself from many of Midtown’s towering offices.
This red brick building, located between Sixth and Seventh Avenues, spans 600,000 square feet. It might be smaller than the surrounding giants that exceed a million square feet, yet it’s still larger than the nearby boutique office spaces.
Often overshadowed due to its mid-block location and unassuming entrance, the building is set to undergo significant, though understated, enhancements. A marketing campaign is underway to promote the 525,000 square feet available either now or by early 2028, which could potentially include the entire building.
According to Eric Engelhart, the Durst leasing director, the redesign by HOK could cost “tens of millions of dollars” and aims to attract a new anchor tenant.
Some planned upgrades include a new entrance complete with a noticeable awning, an updated lobby and elevator landings, a tenant lounge, and possibly six new outdoor terraces in addition to the existing ones.
This tower originally opened in 1989 for the US Trust Company, which has changed ownership multiple times and is now a part of Bank of America’s private banking division. The company intends to vacate the 350,000-square-foot location by February 2028.
Currently, seven out of the building’s 26 floors, amounting to about 175,000 square feet, are unoccupied.
Engelhart mentioned that Bank of America’s departure would make floors 3 through 17 available as a contiguous block—a rarity in Manhattan’s competitive Class A market.
The anticipated asking rents are projected between $110 and $135 per square foot.
Mary Ann Tye, the CBRE leasing team leader, stated, “For companies looking for a new headquarters in Midtown, 114 West 47th Street provides the ideal location with the quality, sustainability, and stewardship that the Durst Organization is known for.”
CBRE is collaborating with Durst’s in-house team, which also involves Tom Bow and Rocco Romeo.
For those who frequent Langan’s, an Irish-themed restaurant on the ground floor, Engelhart reassured that the changes would not impact the beloved spot at all.
