Savanna, a New York-based real estate private equity and asset management firm, celebrated the re-launch of 1375 Broadway (a 513,401-square-foot building located between 37th and 38th Street on Broadway) last week on its wrap-around penthouse terrace. Over 200 guests from New York’s commercial real estate community were introduced to the newly renovated property and attended the launch event.
Acquired in late 2010, Savanna’s $26 million capital plan for 31 Penn Plaza includes a fully renovated lobby, modernized destination system elevators, façade rejuvenation and ongoing building common area upgrades.
