RFR announced that Stantec, a global leader in sustainable engineering, architecture and environmental consulting, has committed to a long-term renewal of its three-floor, 47,433-square-foot space at 475 Fifth Ave. The firm has been a tenant at 475 Fifth since 2014.
Located at the corner of Fifth Avenue and Bryant Park, the building boasts protected views of New York Public Library and Bryant Park and offers convenient access to key transit nodes. As a complement to the sought-after location, RFR has launched a high-end pre-built program at 475 Fifth with Fogarty Finger.
“The activity at 475 Fifth has been extremely robust,” said AJ Camhi, executive vice president and director of leasing at RFR. “From accommodating changing space needs for existing tenants to unleashing a pre-built program that will create high-end workspaces and further differentiate this building, RFR is poised to create a workplace experience that offers the perfect combination of a prime location and well-appointed office spaces. It’s a package that will continue to attract and retain top-tier tenants well into the future.”
Stantec’s renewal was preceded by a 15,551-square-foot expansion by Herman Law, which initially began its tenancy at 475 Fifth in 2023. After a period of growth, the firm leased additional space on a short-term basis. Additionally, earlier this year Ionic Capital Management, a tenant at 475 Fifth since 2014, renewed its 16,029-square-foot lease. Between Stantec, Herman Law and Ionic Capital Management, 475 Fifth has experienced close to 80,000-square-feet of recent leasing activity.
Stantec was represented by Justin Haber and Kyle Riker of JLL. Jarod Stern of Savills represented Herman Law and Ionic Capital was represented by Evan Margolin of JLL. RFR was represented in-house by Camhi, Senior Vice President Paul Milunec and Vice President Rob Weller. Asking rent in the building is $95 per square foot.
The new Fogarty Finger-led pre-built program will bring 31,398 square feet of well-appointed office space across five suites, some featuring private terraces overlooking the library and Bryant Park. RFR – in collaboration with Fogarty Finger – will build out turn-key spaces at 475 Fifth featuring custom finishes and fixtures and high-end pantry/café spaces, with completion expected in December 2025.
