In The News
122 Fifth: Inside the Rebirth of a Manhattan Landmark
Bromley Cos. recently completed a $100 million renovation of the historic 122 Fifth Avenue in New York's Flatiron District. The project transformed the 1899 Neo-Renaissance building, modernizing its interior while carefully preserving its historical exterior. Led by STUDIOS Architecture, the renovation expanded the property into an adjacent parking lot, resulting in a 300,000-square-foot mixed-use space featuring offices, retail, and rooftop terraces. A key aspect of the redesign involved relocating the building's core, allowing for more natural light and improved tenant flexibility.
The renovation placed a strong emphasis on sustainability and tenant well-being. The project incorporated various green features, earning LEED Gold certification and targeting Fitwel certification. Among the sustainable elements are green roofs, advanced air filtration systems, and the use of locally sourced materials. To further enhance energy efficiency, Bromley Cos. implemented Nantum AI, an innovative software system integrated with the building's automation system. This "brain within the building" uses data from IoT sensors to optimize energy consumption based on real-time occupancy, significantly reducing energy use and carbon emissions.
Despite facing numerous challenges, including construction during the COVID-19 pandemic and unexpected issues with the 120-year-old structure, the development team successfully completed the project. The renovation skillfully blends historic elements with modern design and technology, creating a landmark property for the Lower Fifth Avenue area. Notable features include a redesigned lobby with bespoke elements, efficient vertical transportation, and nearly 15,000 square feet of rooftop terraces and gardens. The project not only revitalized a historic building but also set new standards for sustainable, tenant-focused design in Manhattan's competitive real estate market.