505 Fifth Avenue
Located in the Grand Central submarket, the Fred F. French Building was a collaborative design between the French Company's in-house architecture department and Sloan & Robertson. When completed, it held two impressive Fifth Avenue titles, including the tallest building and the first building with setbacks. The architectural design reflects a shining example of NYC art deco architecture featuring multiple friezes with boldly colored suns, beehives, and all manner of winged beasts. The underlying themes tie back to Middle Eastern motifs with stunning Art Deco stylings on the façade, including stunning wedding cake tiers, limestone trim, russet-colored brick, and bronze framed shopfronts. It is perhaps best known for its elaborate collection of 25 bronze doors leading to an interior with lavish, customized chandeliers, vaulted ceilings, stunning gilded elevator doors, and intricate marble floors.
In the early 1990s, it was completely restored, earning the BOMA 1994-1995 Historic Building of the Year award and was added to the National Register of Historic Places in 2004. Currently owned by The Feil Organization, this highly desirable location at the corner of Fifth Avenue and 45th Street is now a popular spot for tourists with an appreciation for Art Deco and the building’s perfectly preserved lobby earned it a designation as a NYC landmark in 1986.
The nearby highly exclusive and sophisticated Yale and Cornell clubs add further prestige to this Art Deco tower that easily attracts the same high-end tenants occupying buildings like One Vanderbilt and the MetLife Building. The Grand Central Terminal provides a nearby transportation hub, and polished professionals find solace in first-class food, drinks, and conversation at Morton’s Steakhouse on the ground floor.
The Fred F. French Building offers a total of 430,156 square feet of office space on 38 floors.
551 Fifth Avenue easily projects a highly distinguished corporate image perfectly suited to a growing list of NYC professionals and brands, including:
The Fred F. French Building tends to keep up with Midtown Manhattan averages, ranging from the high $50’s per square foot (PSF) to the high $60’s. Keep in mind that there are several variables that impact price, including the term of your lease, how much square footage you are willing to take, and the renovations requested.
Located in the Grand Central submarket, 551 5th Avenue is close to all the convenient transportation hubs, including:
The Fred F. French Building at 551 Fifth is the quintessential NYC Art Deco building. Its BOMA award is a testament to the meticulous effort put into the building’s restoration, which now offers the following amenities:
We’d love to help you find office space currently available at the Fred F. French Building, from sourcing relevant spaces to coordinating a tour, and preparing a proposal, to negotiating the intricate details of your lease.
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