Lobby repositioning has become an increasingly popular trend in major cities, with New York in the lead, where historic buildings from the 1900s were built with lobbies on major streets—such as Broadway and Fifth Avenue. Given the rising value of rental prices on these major thoroughfares, owners have found a lucrative market in repositioning these lobbies from main avenues to side streets to convert the space into more valuable retail.
Shawmut Design and Construction has worked on a major project moving a lobby space, originally built in the 1890s, from Broadway onto Crosby Street. Read more about this experience