|
New York Real Estate Journal |
 Save/Print PDF |
NEW YORK. NY Aragon Construction
has recently commenced work on
its second project for real estate
development, investment and management
firm Swig Equities, LLC.
The leading construction firm was
selected as general contractor to
renovate the new office and administrative
space for Swig's tenant,
the New York City Department of
Juvenile Justice (DJJ). DJJ moved
into temporary space on the 20th
floor of the Swig owned and managed
110 William St. in December
2006, and will be moving to the
new offices on the entire 13th and
a portion of the 14th floors. Aragon
Richard Hartz
will construct an entirely new build
out from infrastructure to finishes.
Working together with TPG Architecture.
Aragon is gut renovating
the two floors at 110 William St. -comprising
a total of approximately
47,500slf-overa 16-weekschedule
with a projected completion date of
mid-October. The space will be retrofitted
with Acme metal and glass
partitions, open landscape work
stations, millwork and an intricate MEP
system throughout. Aragon will also
construct a stainless steel staircase
connecting the two floors.
"We've proven ourselves to both
the City of New York and Swig
Equities and that, combined with
our competitive bid, certainly helped
with the selection process for the
award of this project." Said Aragon 's
executive vice president Richard
Hartz. "We have a long history of•
successfully completed projects for
the city, and our business relationship
with Swig Equities afforded our
firm another great opportunity here
--as they were very pleased with the
15,000 s/f of office space we built
for their tenants at 90 Broad St.;
that job was built in six weeks." said
Alex Getelman, Aragon's president
& founder.
Aragon was also selected because
Of their skill in managing complex,
multi-faceted projects. "As with any
city project. this one is complicated,
due to the multiple layers of review
which are required," said Swig's
Todd Korren. senior VP director
of leasing & operations. "Satisfying
all the various city agencies is
a challenge unto itself, but Aragon
is able to do this - in large part
because of their professionalism,
competitive pricing, organization
and meticulous documentation. the
latter being fundamental to working
for the city."
110 William St. is a 32-story.
900.000 s/f mulit-tenant office
building located in the heart of
lower Manhattan's financial district.
The property -- which is now over
99% leased -- recently underwent a
Major capital improvement program
and is currently going through a
comprehensive restoration, slated to
be complete in September. There renovation
involves a refinishing of the
entire facade and a reconstruction
of the building lobby. Including new
ceilings and lighting, the installation
of turnstiles and a messenger center.
Other prominent tenants at 110William
St. include AlG Insurance, New
York City Economic Development
Corporation Bank of America and
Lovell Safety Management.
"Thanks to Swig's commitment
to strengthening downtown Manhattan's
commercial environment. we
were afforded this great opportunity
to be part of the continued revitalization
of the area:' said Getelman.
As for DJJ's new headquarters, according
to Korren. it will be spectacular:
«They have terrific views
from the north looking towards City
Hall. and fantastic views looking
East of the city and Brooklyn Bridge.
The space will be simple and elegant,
constructed in a Bloomberg bull pen style
open work plan setting...They
will be very happy."
*more news
*news archive
