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Davis JV Will Reposition Offices in Grand Central Submarket
The Davis Companies has launched a joint venture with New York-based Tribeca Investment Group to execute a comprehensive capital investment and improvement plan at 630 Third Ave., a 261,445-square- foot, 23-story office building in Midtown Manhattan’s Grand Central submarket. In collaboration with property owner ATCO, Davis and TIG will reposition the building, investing more than $50 million to stabilize the property and complete a full lobby renovation, construction of a tenant amenity and conferencing space and delivery of move-in ready office suites.
“The Grand Central market continues to see strong leasing activity, and our investment will position this asset to capitalize on this growing tenant demand,” said Andrew Kurd, managing director of investments at Davis. “This is the latest milestone for Davis’ growing portfolio in the New York region, and we are confident that our planned improvements at 630 Third Ave. will return tremendous value for our investors.”
Upgrades are set to begin in the first quarter of 2026, with completion expected in Q3. Paul Amrich and Neil King from CBRE have been engaged as leasing representatives for the project. Albert Sultan from KSR advised on the transaction.
- ◦Development
