540 Madison Avenue

540 Madison Avenue is a 39-story 291,000 SF boutique trophy office tower located in the heart of Midtown Manhattan’s Plaza District, with efficient boutique floor plates ideal for financial firms seeking full floor identity, abundant light and air, park views, and Plaza District prestige.  Shortly after acquiring the property in 2019, Divco West commenced a significant capital investment program, which to date has included common area and restroom renovations on the multi-tenant floors, sprinkler upgrades, and BMS upgrades.  In November 2020, construction commenced on a two-story amenity center on the 11th & 12th floors of the building (the “Water Tower Lounge”) which will include flexible meeting, work and lounge space, private shower facilities, food and beverage service, wellness room, and outdoor terrace.  The facility will feature state-of-the-art audio visual capabilities and concierge-level services will be provided by the full time on-site manager.  The project, which is scheduled to be complete end of Q1 2021, will also include renovations to the building lobby and upgrades to the building’s access control and security system.   Additionally, the elevators at the building will undergo a complete modernization (including new cab interiors and a destination dispatch system) commencing in Q1 2021.