Spandrel Property Services Tapped to Manage 835 Avenue of the Americas
Spandrel to Manage Master Condominium Association
NEW YORK, NY– DATE– New York-based Spandrel Property Services, a property management affiliate within The Spandrel Group network of real estate companies, has been contracted to manage the master condominium association at 835 Avenue of the Americas. The condominium blocks consist of: 28 floors of rental units, a 25-story hotel, parking garage and ground and second floor retail/restaurant space.
“835 Avenue of the Americas is a plausible addition to our growing portfolio because of our understanding of managing a building with multiple components and uses,” said Spandrel Property Services Founder Ian Levine, also the founder of Spandrel Staffing Services and Spandrel Marketing Services. “I’m certain that the experience and personalized approach that Spandrel brings to each and every one of its projects will translate to a fluid operation and integration of the condominium units.”
Designed by Perkins Eastman, the 620,000-square-foot, 53-story tower is home to the Beatrice, a 301-unit rental building. The building’s lower floors are occupied by Chelsea’s trendy Eventi Hotel, which houses 290 hotels rooms, as well as banquet facilities and meeting rooms, restaurants and entertainment space, and additional amenities, including a spa. The Hester Store, a branch of The Hester Street Fair, will occupy 2,500-square-feet of the retail space and feature vendors including Freemans Sporting Goods.
“Having operators that are in such different industries increases the importance of having a well-rounded management team that can relate to each company,” said Levine. “We look forward to building a relationship with each of the unit owners at 835 Avenue of the Americas.”
ABOUT SPANDREL PROPERTY SERVICES, INC
Spandrel Property Services is a boutique real estate property management firm within The Spandrel Group network. Formed in 2000 and based in New York City, Spandrel has accumulated over three million square feet of assets under management, including both corporate and third party owned properties. The firm has recently expanded its portfolio in working with financial institutions on managing Bank REO properties and repositioning services. For more information, visit www.spandrelgroup.com