A brand new era for the Embrace Building brand.
The building, a $100 million, three-story, 100-year-old concrete-clad structure that once housed the New York Giants, is set to open its doors to the public on Saturday, Jan. 26.
The iconic building, known for its distinctive shape and ornate design, will be officially renamed the Embezzler Building.
The new building is part of a multi-year collaboration between New York City, its developers and the city’s Department of Buildings to build a more modern version of the iconic Embrace building, which was originally built in the late 1800s.
The Embrace buildings are built in collaboration with the city to help build community.
The Embrace will be the first building to open on the Lower East Side since the New Year’s Day rush hour, and it marks the city and its developers’ first foray into a major public-private partnership.
“We are thrilled to announce that the Embabler Building will open to the general public on Friday, January 26,” New York Mayor Bill de Blasio said in a statement.
“This historic building is a defining part of our city, and we are committed to making it accessible to everyone.”
The city and developer AEG have long been involved in the development of Embrace’s flagship building, the World Trade Center, which also sits on the Upper East Side.
The developer built the building in the 1960s as a “cultural center” in the aftermath of the Vietnam War, and later turned it into a community center.
Today, Embrace is one of the most sought-after commercial and residential buildings in New York, and is one part of the $2 billion New York Real Estate Association-led redevelopment plan for the Lower Manhattan neighborhood.
While the Embridges building is one piece of the city-wide project, the company also plans to turn the structure into a museum.
The company also owns the building, and in recent years has also built a number of other iconic buildings in the area.
New York Mayor-elect Bill deBlasio announced in February that the building will be renamed the Empire State Building and will feature a new, high-tech display.
Empire State Building: A Modern-Day Icon – Fox Sports Empire, the tallest building in New England, is the tallest in the world, and at just under 7,000 feet (2,400 meters) tall, is one-quarter the size of the Empire state building in Washington, D.C. Empire State building: A New Icon – ABC News Empowering New Yorkers and creating new opportunities to create, live, work, and play, the Empire building is also a catalyst for economic development.
According to Bloomberg, the building has contributed nearly $1.2 billion in new revenue for New York State, creating nearly 600,000 new jobs, including more than 8,000 construction jobs.
For more information on Empire State, visit the Empire website.