Elecor Properties
Elecor Properties Reveals Plan for 13,000-Square-Foot Amenity Offering at 712 Fifth Avenue
NEW YORK, November 9, 2026 — Elecor Properties unveiled plans for a highly designed, 13,000-square-foot amenity floor at 712 Fifth Avenue, bringing an elevated collection of hospitality, wellness, meeting and entertainment experiences to the premier Fifth Avenue office tower. Every element of the new space has been thoughtfully considered to reflect the building’s distinctive character, prestigious location and sophisticated tenant base.
The transformation will reimagine the building’s eighth floor as a dedicated tenant amenity space, thoughtfully designed to complement 712 Fifth Avenue’s premier positioning. The investment reflects Elecor’s broader focus on enhancing its portfolio with high-quality, hospitality-driven workplaces that offer tenants greater flexibility, convenience and opportunities to connect.
“712 Fifth Avenue has long been a premier office address, and this investment is about building on that strength with exceptional new experiences for our tenants,” said Peter Brindley, Executive Vice President, Head of Real Estate at Elecor Properties. “We’re introducing an entirely new amenity destination that reflects the trophy quality of the building, creating spaces to entertain clients and connect with colleagues while reinforcing 712 Fifth Avenue’s position as a leading Midtown workplace.”
The new amenity offering will feature a collection of sophisticated meeting spaces designed to accommodate everything from private executive meetings to larger corporate gatherings, including an executive suite, closing room, pre-function lounge and speakeasy. A curated selection of beverages and light bites will be available across these spaces. Rounding out the offering will be a custom fitness center with individual shower suites, responding directly to tenant feedback and demand for an on-site wellness experience.
Elecor is also developing a distinctive programming strategy for 712 Fifth Avenue, building on the approach established at The Aurelian, Elecor Properties’ flagship 32,000-square-foot private members club at 1301 Avenue of the Americas, with activations planned throughout the new amenity spaces. Each space can be reserved privately, while tenants will also have the ability to reserve the entire floor for events of up to 210 people.
"Our investment in 712 Fifth Avenue reflects our conviction in the enduring value of high-quality office assets in prime Manhattan locations,” said Jonny Nierenberg, Vice President of Commercial Real Estate Investments at Rithm Capital. “As tenants become increasingly selective, we believe targeted capital improvements are what distinguish exceptional buildings over the long term."
The floor will feature finishes and materials that create a contemporary setting for work, hospitality and entertainment. Construction is anticipated to conclude late summer 2027, with the new amenity floor targeted to open in early September 2027.
In addition to the new on-site amenities, tenants at 712 Fifth Avenue will continue to have access to The Aurelian, which offers an elevated hospitality and member experience, bringing together curated programming and hospitality experiences for tenants across Elecor’s Manhattan portfolio. The offering further expands the range of amenities and experiences available to 712 Fifth Avenue tenants beyond the building itself.
The investment is part of Elecor’s broader capital improvement strategy across its New York and San Francisco portfolio. The company and its key joint venture partners previously announced approximately $250 million in planned capital improvements, including significant amenity and hospitality-focused upgrades at 712 Fifth Avenue and 1633 Broadway in New York and One Market Plaza and One Front Street in San Francisco.
The investment builds on 712 Fifth Avenue’s position as a distinctive office destination in the heart of Manhattan’s Plaza District. Located at the corner of Fifth Avenue and West 56th Street, 712 Fifth Avenue is a 52-story, approximately 545,000-square-foot office tower designed by Kohn Pedersen Fox Associates. The LEED Gold and Fitwel-certified property features a Magny du Louvre limestone lobby, reflecting the craftsmanship and character that will carry through to the new amenity spaces.
About Elecor Properties
Backed by Rithm Capital, Elecor Properties is a premier real estate operating platform that develops and operates trophy-quality office buildings in the most sought-after corridors of New York and San Francisco. Every building is run to the highest standard by an in-house team, with Class A amenities and programming designed to energize companies and drive measurable results. Elecor does not just offer space. It puts space to work, for the companies, for their people, and for its investors. For more information, visit elecorproperties.com.
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