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"The Future is Here" - One-on-One with L&L Holding Co's Rob Lapidus Part 1

Robert Lapidus of L&L Holding Co. was interviewed by Lisa Knee, a Real Estate Partner at EisnerAmper, about the development at 390 Madison Avenue. They also spoke about the kinds of spaces that institutional tenants are looking for in order to attract employees, the needs of Millennial tenants, and how retail spaces enhance properties.


Transcript

Lisa Knee: Hi I’m Lisa Knee from EisnerAmper we are here today with Robert Lapidus president and chief investment officer of L&L Holding Co. we're here today at one of the most talked about adaptive reuse projects 390 Madison Avenue Rob thank you for taking the time out today to walk us around this amazing project. This twenty four story building has been completely redesigned down to its bare bones as we can see the Con Peterson Fox redesign has included an eight-story unit on top as well as new exterior higher ceilings and a new floor plan can you discuss how this project has been different than some of your other we configurations of office buildings in Manhattan?

Robert Lapidus: Sure well first of all this is the first 21st century institutional building in Midtown it's the first one the other deals that we worked on you know 114 5th 150 5th 200 5th were all in Midtown South Midtown doesn't have that type of product and so our objective was to go away from commodity type space and create specialty type of space so what we did here by re-massing the building and pulling out twenty percent of the existing structure to create eight outdoor terraces column free space on the top and really the type of environment the 21st century institutional tenants want so we can compete in the marketplace.


About Lisa Knee

Lisa Knee is a Tax Partner with expertise in the hotel, real estate, financial services, aviation and restaurant sectors and is a member of AICPA, New York State Society of Certified Public Accountants and the New York State Bar Association.

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