Eleven Madison Avenue, a 30-story Class A high-rise office property located in the Madison Square Park area of Midtown Manhattan, is modernizing its elevator systems. KONE has been awarded the contract which includes modernizing 28 elevators and installing four new escalators and two new elevators.

Eleven Madison AvenueCompleted in three phases between 1932 and 1950, Eleven Madison underwent a renovation approaching $400 million between 1994 and 1997 transforming the high-rise from a pre-war corporate headquarters facility to a distinguished, state-of- the-art world headquarters building. The property’s renovation mainatined the exceptional architectural details of the façade and lobby. As part of the renovation, the property’s classic Rockwood Aday Variegated Alabama limestone and Deer Island granite exterior was completely refurbished. Further renovations included replacement of the window, mechanical, electrical and plumbing systems. What wasn’t replaced at the time, was the nearly 100 year old elevator systems.

The elevator modernization contract was awarded by the building’s owners Sapir Organization and CIM Group, and KONE will work with Structure Tone, a leading general contractor in New York. Cushman and Wakefield manages the historic property.

The modernization process will replace the elevators’ original antiquated gearless machines. The elevator upgrades will also include KONE’s regenerative drive systems and KONE ReSolve control solutions. Energy efficiency was an important factor in the award.

Destination control system (DCS) will also be installed at a critical elevator bank in the building to improve people flow. This innovative technology uses artificial intelligence to learn and forecast a building’s traffic flows, significantly improving elevator convenience and efficiency.

MetLife developed the Eleven Madison as part of its headquarters complex in three phases from 1929 to 1938. Interestingly, it was originally designed as a 100-story skyscraper, which would have made it the tallest building in the world at the time. However, following the Great Depression, plans were scaled back to the building’s present height.

The property is nearly 100% leased with Credit Suisse First Boston occupying 85% for its world headquarters. Other high profile tenants include Weight Watchers, IBM, Gould Paper and Omincom/OMD. Beginning in 2016, Sony will occupy the top 10 floors.