Convene — a number one designer and operator of premium assembly, occasion and versatile workspace options — is increasing its presence in Midtown Manhattan. The corporate has signed a lease for an extra 22,500 sq. ft of area at 360 Madison Ave., the place it already operates a profitable venue.
This strategic growth will develop Convene’s footprint on the location to a considerable 68,000 sq. ft, encompassing the fourth, fifth and sixth flooring of the constructing. The expanded area is slated to open by the fourth quarter of 2024 to offer Convene with further sources to serve its rising consumer base.
Rocco Laginestra of CBRE represented Convene in securing the lease.
Initially, the area at 360 Madison Ave. was leased by and many others.venues, a London-based firm specializing in assembly and occasion venues that secured the 45,000-square-foot area in Might 2019. Then, in February 2023, Convene acquired and many others.venues, bringing the complete operation underneath its umbrella. Whereas the area presently operates underneath the and many others.venues model, Convene plans to rebrand it underneath its personal identify in early 2025.
The growth marks a big milestone for Convene by reflecting a 50% year-over-year surge in demand for its companies in Midtown Manhattan.
“With assembly and occasion areas rising as a core tenant of contemporary office methods, the chance for contiguous growth at this location permits Convene to thoughtfully develop our footprint in New York Metropolis whereas permitting us to serve our shoppers and their ongoing wants,” stated Brian Holland, head of actual property at Convene.
The extra area within the 25-story constructing will characteristic 5 new assembly rooms and two gallery areas throughout the sixth ground, alongside white field area and devoted areas for occasion branding. Moreover, the fourth and fifth flooring will probably be remodeled into a totally branded Convene venue, which is scheduled to launch in early 2025. With this growth, the workspace operator’s 360 Madison Ave. location will boast a capability exceeding 950 company.
Designed by COOKFOX Architects and accomplished in 2017, 360 Madison Ave.’s present tenant roster consists of Avenue Legislation Agency on the ninth ground and Aareal Capital Company, which signed a lease for 14,683 sq. ft in February 2019. Owned by Stawski Companions, the 360,000-square-foot property nonetheless has 54,000 sq. ft of area out there for lease.
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