Rudin announced today that it has secured a new, long-term headquarters lease with construction company Urban Atelier Group at 41 Madison Avenue, its renovated office tower in the heart of Midtown South’s Flatiron District.
Urban Atelier Group, a New York-based construction management firm that specializes in purpose-driven developments, signed a 15-year lease for 25,268 square feet spanning the entire 12th and 13th floors at 41 Madison. As a testament to its growth, the firm plans to relocate from its current 18,000 square foot headquarters at 85 Fifth Avenue in the second quarter of the new year.
This marks Rudin’s third lease at 41 Madison over the past few months. In June, law firm Clarick Gueron Reisbaum, LLP took 13,394 square feet, and Polar Asset Management Partners, Inc. expanded its footprint in the building to a total of 9,761 square feet.
“Our century-long ownership model focuses on providing an elevated product with premium workspaces in prime locations,” said Michael Rudin, Co-CEO of Rudin. “We welcome Urban Atelier Group to 41 Madison, whose headquarters commitment builds on the great leasing momentum we have experienced since the completion of our capital improvement program.”
Robert Steinman, Senior Vice President of Rudin, represented building ownership in the transaction. Urban Atelier Group was represented by Ross Eisenberg of RDE Advisors.
Designed by Emery Roth & Sons and opened in 1974, Rudin recently completed a transformation of the 42-story, 560,000 square-foot modern glass and steel tower overlooking Madison Square Park. The large-scale renovation included enhancements to 41 Madison’s lobby designed by Skidmore, Owings & Merrill, as well as a lounge, and an event and conference space. The reimagined lobby features marble flooring, pearlescent glass wall panels and a luminous ceiling lit by energy-efficient LEDs, which complement the original Travertine wall panels that remain on the elevator cores. The building also now features an elegant glass entrance, a new reception area and redesigned elevator cabs.
41 Madison is also home to Kensington Vanguard, TenBerke, The Gersh Agency, The Henry Luce Foundation. Mark’s Off Madison, a restaurant and bakery from renowned celebrity chef Mark Strausman, the creator of Fred’s at Barneys New York, operates out of a street-level location at the building. All tenants at 41 Madison have access to a meeting and event venue managed by Arch Amenities Group that redefines the office workspace and offers customized and serviced events.
41 Madison is WiredScore Platinum and utilizes Nantum AI, the world’s most advanced building operating system. Nantum AI focuses on using artificial intelligence to improve efficiency, decrease carbon emissions and optimize tenant comfort.
About Rudin
Rudin is a full-service real estate organization, and one of New York City’s largest private owners, operators and developers of best-in-class real estate. Among its real estate holdings are 14 commercial office buildings containing approximately 9 million square feet of space and 17 apartment buildings comprising over four million square feet of residences. For more information about Rudin, please visit https://www.rudin.com/.
