BGB has signed a 10-year lease to occupy the 25,000 square foot space in the six-story, 165,000 square foot building. With this move, the firm roughly doubles its space while ensuring additional room for future growth. It expects to relocate in July.
BGB’s penthouse office has high ceilings and oversized windows that wrap around four sides of the floor, offering bright natural light and exceptional views of lower Manhattan.
A major capital improvement program, including two new lobbies, new elevators, new windows, and a restoration of the cast-iron façade, is also underway at the building.
“I’m excited for the finished product once it’s complete,” Mr. Farmakis said. “This new office will be the ideal creative space to support BGB’s growing staff and client roster. The location offers the best of both worlds,” he added, “with a high-traffic front entrance on Broadway, but a more reserved second entrance along Crosby Street, with an old school, cobblestone SoHo charm.”
“We are delighted to welcome such a prestigious and thriving tenant to our roster at 462 Broadway,” said Stephen Meringoff, the building’s owner since 1981, in a statement.
Formerly located in Tribeca at 99 Hudson Street, BGB was keen to remain downtown. “It is important to us to maintain the agency culture that has helped lead to the success we have experienced to date,” said Greg Passaretti, Managing Director at BGB. “We thought our team and clients would benefit from this move, as this location puts us in what is arguably the most exciting area of New York City
—with our new neighbors including artists, designers, musicians, and entrepreneurs. Being here will allow us to draw creative inspiration from our surroundings every day.”
Other notable tenants in the building include the International Culinary Center and Lee Harris Pomeroy Architects.