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NEW YORK CITY-Locally based Aragon Construction began renovation on Swig Equities LLC's new office and administrative space for the New York City Department of Juvenile Justice. DJJ moved into temporary space on the 20th floor of the Swig owned and managed 110 William St. in December and will be moving to the new offices on the entire 13th and a portion of the 14th floors.
Aragon is gut renovating the two floors at 110 William St.--comprising a total of approximately 47,500 sf--over a 16-week schedule with a projected completion date of mid-October. Aragon will also construct a stainless steel staircase connecting the two floors.
"We've proven ourselves to both the City of New York and Swig Equities and that, combined with our competitive bid, certainly helped with the selection process for the award of this project," says Aragon's EVP Richard Hartz.
110 William St. is a 32-story, 900,000-sf, multi-tenant office building located in Manhattan's financial district. The property, which is now over 99% leased, recently underwent a major capital improvement program and is currently going through a restoration, slated for completion in September.
"We have a long history of successfully completed projects for the city, and our business relationship with Swig Equities afforded our firm another great opportunity here--as they were very pleased with the 15,000 sf of office space we built for their tenants at 90 Broad St.; that job was built in six weeks," adds Alex Getelman, Aragon's president and founder.
The renovation involves a refinishing of the entire facade and a reconstruction of the building lobby, including new ceilings and lighting, the installation of turnstiles and a messenger center. Other prominent tenants at 110 William St. include AIG Insurance, New York City Economic Development Corp., Bank of America and Lovell Safety Management.
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