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Silverstein Properties to Renovate the Equitable Building

120 Broadway will undergo a $50 million restoration and upgrade.

By Betsy Kim | Betsy Kim | Updated on October 17, 2017

MAQE rendition of renovated 120 Broadway Image credit: MAQE, rendering of renovated lobby at 120 Broadway

NEW YORK CITY—In early 2018, Silverstein Properties will begin the redesign of the entrance, lobby, and elevators of the landmark building, which was originally constructed for the Equitable Life Insurance Company. The 40-story, statuesque, downtown tower houses a mix of tenants, such as the New York attorney general’s office, Macmillan Publishers, Beyer Binder Belle Architects & Planners, the World Trade Center Association and ALM—parent company of Globest.com. When it opened in 1915, it was the largest office building in the world.

“120 Broadway is unique and irreplaceable,” says Larry A. Silverstein, chairman of Silverstein Properties, Inc. “Our plan is to restore and refine the building’s unique architectural features, and also update the property and its services for tenants. We want to create a 21st century workplace with a distinct Downtown New York character.”

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