
CBRE to Project Manage Mid-Manhattan Library Renovation
The New York Public Library has partnered with CBRE to keep its renovation of the Mid-Manhattan Library on-time and on-budget.
“Our focus on delivering great client outcomes will manifest itself in this project through risk and cost avoidance measures, and through the collaborative dynamic we will drive through the entire design and construction team,” said Frank Alvarado, senior managing director of project management for CBRE, which has joined the $200 million renovation project as project manager.
Originally built in 1914 to house the Arnold Constable department store, the 165,000 square-foot building has been occupied by the Mid-Manhattan Library since 1970. The work will provide 35% more public space and capacity for nearly half a million books and other materials, scheduled for completion in early 2020.
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