Cove Property Group & Bentall Kennedy complete $75M repositioning of 101 Greenwich St.
NEW YORK, NY — Owner and operator Cove Property Group and owner Bentall Kennedy, working with Montroy DeMarco Architecture LLP (MDALLP), have completed the extensive redevelopment of 101 Greenwich St. (formerly Two Rector St.), a 26-story, 481,000 s/f office building in Lower Manhattan’s Financial District. MDALLP worked with the Beaux Arts building’s owners to reposition the property from a class B to a class A office tower through architectural and infrastructure upgrades. Of the $75 million construction budget for the redevelopment of the 111-year-old building, 75% of it went toward technology and mechanical, electrical, and plumbing (MEP) upgrades, while the rest went toward the lobby upgrades, refreshed common areas, and new elevators. The property was redesigned to achieve a LEED Silver rating.