Project Management

As a member of the project team, Craven Corporation's principals will be directly involved in all aspects of the project, and will be directly accountable for the success of the project. Mr. Stephen Chapman, the founder and president of Craven Corporation, will be the principal in charge of this assignment. This direct involvement distinguishes Craven Corporation from most of our competitors. Mr. David Trinin, another principal of the company, will assist Mr. Chapman. Their combined experience of over forty (40) years in the New York City real estate industry will be of enormous benefit. In addition both principals will have a complete understanding of the project at any given moment in time.

By adhering to our scope of services, as detailed in our proposal, and with our team approach to the project, we will guide the process through to a successful conclusion. Our reporting methods are implemented as a tool to ensure information is received in a timely manner, schedules and budgets are monitored and controlled, the standard of workmanship is of the highest quality and the goals are met. Communication on all issues is critical and frequent visual observations of the work-in-progress are of the utmost importance. Above all we will be seen as the team leader driving the project. 

 

 


 EURO (RSCG), a world wide advertising agency, opted to extend their lease at 350 Hudson Street. We worked alongside EURO and their brokers for 18 months looking at various buildings in the Manhattan before they arrived at their final decision. Their current 140,000 square foot installation did not provide the efficiency, flow and look that EURO wanted to enhance their creative trends. For the past 6 months we have worked with their project team and a design has been agreed upon. Construction will commence in the summer of 2008.

Spin Media, a cutting edge media and print company, was looking for a new corporate headquarters facility that conveys the trendy and hip image of the company. The newly constructed office space is on the 4th floor of 408 Broadway located in the heart of China Town. The design of the 30,000 square foot space will incorporate an open space plan that allows for mutual collaboration amongst Spin’s employees as well provide abundant natural light throughout the headquarters. Craven Corporation was appointed team leader and provided Spin Media with the full scope of Project Management Services.

 Club H Fitness, a high-end fitness operator, has retained Craven Corporation to act as Project Manager for their current roll-out program. The program consists of two upscale 30,000 sq ft fitness centers located at 222 East 34th Street in New York City and Columbus Plaza in Jersey City, New Jersey. The fitness centers will include state of the art exercise equipment, a day care center, as well as a cafe/lounge area. The centers will also provide a full service spa that will include all the amenities an upscale spa has to offer. Club H Fitness is also in the process of selecting other sites, including Long Island and Westchester, for their expansion program.

 The century old Bowne and Co. made the difficult decision to move their New York headquarters from 345 Hudson Street in New York City, where they had been occupants for nearly five decades. Based upon the success of their relocation project in Chicago, once again Bowne looked to Craven Corporation for leadership on this high profile project. From site selection through lease negotiation, Craven Corporation guided and managed the process, which led to closing the deal for Bowne at 55 Water Street in New York City for over 200,000 square feet. Craven Corporation provided comprehensive full scope project management services.

We have successfully completed the relocation of Bowne & Co.’s corporate office in Chicago. This sensitive 120,000 square foot corporate headquarters relocation from a company-owned 19th century land marked property to a newly-leased modern, state-of-the-art corporate facility was completed on schedule and under the $5 million budget in 2003. Our involvement with Bowne began one year prior to the actual signing of the lease. Bowne utilized our expertise in deciding whether to buy, renovate or lease a new facility, as well as in assisting with their lease negotiation.

3i Group appointed Craven Corporation as their project manager for the construction of their New York office located at the landmark building at 375 Park Avenue. The project consists of high-end commercial office and conference room facilities in Class A office space for this world leader in private equity and venture capital. The project was completed on schedule and within budget.

3i Group appointed Craven Corporation as their project manager for the second phase of construction for their growing New York office located at the landmark building at 375 Park Avenue. The project consists of high-end commercial office and conference room facilities in Class A office space for this world leader in private equity and venture capital.

Broadway Partners, a leading real estate investment firm, appointed Craven Corporation as their project manager for the construction of their New York office. Currently located on a portion of the 21st floor at the landmarked 375 Park Avenue they have expanded to the entire 29th floor. The project consists of first class offices, conference rooms, pantry and gymnasium.

Venrock, founded in 1969 as the venture capital arm of the Rockefeller Family, has retained Craven Corporation as their project manager. Currently located in New York City, in a Suite at Rockefeller Plaza, Venrock plan on occupying the entire 22nd floor at 530 Fifth Avenue. The project consists of private offices, conference rooms with video conferencing capabilities and pantry.

 

Craven Corporation’s longstanding relationship with Morgan Stanley began in 1994, when we provided project management services for their corporate relocation to 750 Seventh Avenue and 1585 Broadway in New York City. The scope of services included:

  • Base building infrastructure upgrades
  • Over one million square feet of tenant improvements, including data centers, trading floors, conference facilities and cafeteria

Since then, we have assisted Morgan Stanley in a number of varied and exciting projects. Craven Corporation project managed the installation of new offices for:

  • Morgan Stanley’s Corporate Treasury Department consisting of 30,000 square feet at Two Pierrepont Plaza, Brooklyn, NY
  • Morgan Stanley’s Legal Department consisting of 80,000 square feet at 1221 Avenue of the Americas, New York, NY
  • New start-up company Vinik Asset Management in Boston, MA
  • New start-up company Galleon Management at 135 East 57th Street, New York, NY

 Craven relationship with American Express has generated several high profile, fast track projects, each of which has been completed within budget and on schedule. These projects include retail installations, new office fit-outs, and state-of-the-art data centers at:

  • 420 Lexington Avenue, New York, NY
  • 880 Third Avenue, New York, NY
  • 1120 Avenue of the Americas, New York, NY
  • 900 Lanidex Plaza, Parsippany, NJ
  • 40 Wall Street, New York, NY
  • 200 Vesey Street, New York, NY
  • 101 East 52nd Street, New York, NY
  • World Financial Center, New York, NY

Our 24-hours/7-days accessibility and our ability to respond immediately and effectively to all issues, changes and demands as they unfolded led to the success of each project.

 

 SEB Immobilien-Investment GmbH, a financial firm based in Frankfurt, Germany, retained Craven Corporation to oversee major capital upgrades in their U.S. portfolio.

 

Projects included:

  • 2 Park Avenue, New York, NY
    • Complete renovation of building’s main lobby
    • Elevator modernization
    • Security system, including turnstiles and CCTV
    • Remedial structural repairs and Local Law 11 corrective work
    • Exterior restoration of landmark façade and storefront
  • 100 Manhattanville Road, Harrison, NY
    • Complete renovation of building’s main lobby
    • Elevator modernization
  • 150 North Michigan Avenue, Chicago, IL
    • Complete renovation of building’s main lobby
    • Remedial structural work to Building Plaza and side walk

 

 Career Education Corporation (CEC) is one of the world's largest and fastest-growing providers of private, for-profit post secondary education. CEC selected Craven Corporation to assume the responsibility as project manager for a new 40,000 square foot college facility located at 333 Westchester Avenue in White Plains, New York.

 

Craven  relationship with the Collegiate Church Corporation began with the renovation of an Upper East Side Manhattan Chapel, at which time they embarked on a capital improvement and leasing program with their entire downtown New York City portfolio. Since then, Craven Corporation has represented Collegiate Church Corporation on all tenant construction and capital work including:

  • 45 John Street, New York, NY
    • Complete property abatement
    • Lobby renovation
    • New Cooling Towers and Condenser water system
    • New Building Management System (BMS)
    • Upgrade of corridors and all core bathrooms
    • Modernization of elevators
    • Sidewalk steel and concrete replacement
    • Electric service upgrade
    • Roof replacement
    • Store front/façade upgrade
    • Managed 120,000 square feet of tenant space build out
  • 11 John Street, New York, NY
    • Reconstruction of landmark façade and lobby
    • Sidewalk steel and concrete replacement
    • Abatement and demolition of basement
  • 198 Broadway, New York, NY
    • Removal of all building violations and code issues
    • Upgrade of corridors and core bathrooms
  • 210 Broadway, New York, NY
    • Modernization of freight elevators
    • Repositioning of property including the removal of all building violations and code issues

In order to capitalize on the emerging value of downtown New York City, Craven Corporation led the Collegiate Church team with the repositioning and subsequent sale of:

  • 127 Fulton Street, New York, NY
  • 129 Fulton Street, New York, NY

 

DoubleClick, a major internet service provider, selected Craven Corporation to oversee the build out of their 500,000 square feet facility at 450 W. 33rd Street in New York City. Craven Corporation also represented DoubleClick in Chicago, Denver, San Francisco, Los Angeles and London.

Continuing our growing relationship, Rainbow Media Holdings/Cablevision has once again retained Craven Corporation as their project managers to oversee the expansion project for the International Film Channel (IFC) located on the 15th floor at 11 Penn Plaza in New York City. The comprehensive interior renovation project was completed on time and under budget. Craven Corporation has completed the renovation project for the newly constructed International Film Channel (IFC) Theater located in the heart of Greenwich Village. The renovation included upgrades to the existing concession areas, canopies and theater lighting.

USI retained Craven Corporation to act as project manager for their new offices at 292 Madison Avenue, New York. The relocation project consisted of general office space. The project was completed successfully and the offices were occupied by their subsidiary, Emerson Reid.

Craven has been retained by CVC Capital Partners to provide project management services for their new office at 712 Fifth Avenue. CVC Capital Partners, a leading private equity firm in Europe and Asia recently announced the formation of its U.S. office in New York City. Since 1996, CVC has raised and managed funds of approximately $24 billion and with 17 offices has one of the most extensive global networks in private equity. The New York office enables CVC to pursue companies with global operations while maintaining a local presence in the regions in which the firm invests. The project included the complete fit-out of the 43rd floor.

525 EAST 82nd STREET, a residential property, has retained the services of Craven Corporation to represent the Board and act as Project Manager for the Cooling Tower and Chiller Replacement Project. This upgrade will provide 525 East 82nd Street with a new state of the art HVAC system. The anticipated completion date is June 2007. Craven will also assist in creating a 5-year capital program, which will address the replacement of the building's boilers, fan coils, original roof and local law facade requirements.

Alvarez & Marsal have appointed Craven Corporation as their Project Manager for their construction of 12,000 square feet of new office space at 600 Third Avenue. Alvarez & Marsal is a leading independent global professional services firm that delivers a comprehensive suite of performance improvement, turnaround management and corporate advisory services to clients ranging from international enterprises to middle market companies to public sector entities. They currently occupy floors 6 – 8 at 600 Third Avenue.