19,500 Square-Foot Space Merges Two Offices in Prime Downtown Location; Will Open Fall 2017
Douglas Elliman Real Estate today announced plans to expand its downtown operation with a new seventh floor office at 111 Fifth Avenue in the Flatiron section of Manhattan. The 19,500 square-foot, full-floor space will combine two of the firm’s most successful offices – 26 West 17th Street and 137 Waverly Place – into one location with room for 125 agents.
The landmark neoclassical cast-iron building was constructed in 1895 and boasts stunning architectural features, including original mosaic tiles and soaring ceilings up to 11 feet.Douglas Elliman will occupy a coveted corner space with more than 35 over-sized windows overlooking Fifth Avenue and 18th Street. Other notable tenants include H&M and Eileen Fisher.
“We’re thrilled to bring 125 agents together into one vibrant, well-designed office,” said Steven James, Chief Executive Officer of Douglas Elliman New York City. “The unbeatable location of 111 Fifth Avenue will bring our downtown presence to new heights.”
“With this new space we are joining together some of Douglas Elliman’s best-in-class agents under one roof,” said Chris Peters, Senior Executive Manager of Sales for Douglas Elliman at 111 Fifth Avenue.
“We anticipate that this expansive office in an iconic New York architectural gem will be a true inspiration for agents and clients,” added Garret Lepaw, Executive Manager of Sales for Douglas Elliman at 111 Fifth Avenue.
Peter Gross and Louis Puopolo of DE Commercial represented Douglas Elliman. Anthony Sciacca and Robert Silver of Newmark Knight Frank represented the landlord, The Winter Organization.
About Douglas Elliman Real Estate
Established in 1911, Douglas Elliman Real Estate is the largest brokerage in the New York Metropolitan area and the fourth largest residential real estate company nationwide. With more than 6,500 agents, the company operates over 90 offices in Manhattan, Brooklyn, Queens, New Jersey, Long Island, the Hamptons & North Fork, Westchester, Greenwich, South Florida, Colorado and Beverly Hills. Moreover, Douglas Elliman has a strategic global alliance with London-based Knight Frank Residential for business in the worldwide luxury markets spanning 59 countries and six continents. The company also controls a portfolio of real estate services including Douglas Elliman Development Marketing; Manhattan’s largest residential property manager, Douglas Elliman Property Management with over 250 buildings; and DE Commercial. For more information on Douglas Elliman as well as expert commentary on emerging trends in the real estate industry, please visit www.elliman.com.
