It’s a latest day for 511 Fifth Ave., the handsome, Beaux Arts-style, 1915 office tower on the corner of East forty third Street.
Owners Aurora Capital, Jeff Sutton’s Wharton Properties and Alex Adjmi’s ACHS Management have restored, upgraded and repositioned the now-vacant, 18-story constructing that was until two years ago home to a single tenant, Israel Discount Bank, for greater than 50 years.
Brett Harvey, leader of a JLL leasing team with Howard Hersch and Ellen Spivey, said the re-born property boasts two entrances including a latest, glass-box lobby on East forty third Street; a 9,000 square-foot amenities center on the fifteenth floor; latest elevators and all-new infrastructure.
“It’s mainly a brand-new constructing” inside its distinctive, century-old limestone shell, Harvey said.
![511 Fifth Ave. was the home to Israel Discount Bank for more than 50 years.](https://nypost.com/wp-content/uploads/sites/2/2023/10/511-5thAve1.jpg?w=724)
![The 18-story building boasts a 9,000 square-foot amenities center on the 15th floor.](https://nypost.com/wp-content/uploads/sites/2/2023/10/NYPICHPDPICT000062152843.jpg?w=1024)
BKSK Architects oversaw the inside brightening and facade preservation.
Office asking rents will run between $70 and $85 per square foot depending on floor, he said. Retail wizard Sutton’s company will see to finding tenants for about 10,000 square feet of retail space behind dramatic arched windows.