Last year, the Vanbarton Group purchased 292 Madison Ave from the Marciano Brothers for a total of $180 million dollars, and they did so knowing they’d have to invest more money into fixing the place up. The lobby and entrance alone made visitors feel like they were taking a trip back to decades past. Now, renderings for the new design plans have been revealed and are estimated to cost between five and seven million dollars.
Here’s What’s Changing:
The Entrance and Lobby
Formerly a space covered in cherry wood paneling, the building’s lobby will now feature white stone walls, new marble flooring, and bronzed glass on the walls and ceilings leading to the elevator.
The Floor Uses
Each floor of the building will include sleek carpeting and sofas in social areas as well as glassy conference rooms. The floors will also have four single-occupancy restrooms and a pantry, with a mix of polished concrete and oak floor in each of the units. The 25th and 26th floor will be converted into a duplex with an outdoor terrace.
The Office Spaces
Empty units are intended to be destroyed and whiteboxed in an effort to create more open workstations. The spaces will measure between 3,000 and 11,00 square feet and be marketing toward financial, technology, advertising, media, and information companies.
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