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New York & Tri-State  + Downtown New York  + Office  |  May 24, 2024
Emily Fu
By: Emily Fu

Williams Equities to Renovate Midtown South Building 

Williams Equities announced a multi-million dollar capital improvements program for its 28-40 West 23rd Street property in the Flatiron District. The upgrades, funded by a recently secured $155 million CMBS loan, will enhance the office and retail section. 

Architect George Boyle will lead the renovations, which include an atrium upgrade with a new glass cube and extended skylight to improve natural lighting. Additional plans feature a triplex penthouse suite with a private roof deck and a communal roof deck offering views of Madison Square Park and the Empire State Building. 

The 578,105-square-foot property, a former Ladies’ Mile department store, houses creative, digital, and tech firms. Long-time retail anchor Home Depot occupies the ground floor, lower level, and mezzanine. Previous improvements included new lobbies and energy-efficient infrastructure upgrades. Current office tenants include tech firm Ramp and Estee Lauder’s Aramis. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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