Crown Castle announced last week that 345 Park Avenue in New York City has become one of the first multi-tenant commercial office buildings in the country to enable Citizens Broadband Radio Service (CBRS). Construction of the neutral host CBRS network has been completed in the lobby and concourse levels, and additional areas within the building will be connected later this year. Construction coincided with a full renovation of the lobby and concourse designed by Skidmore, Owings and Merrill. The launch at 345 Park also aligns with the first anniversary of the FCC’s authorization of the CBRS spectrum band for commercial use.
Built in 1969 by Sam, Jack, and Lewis Rudin and designed by Emery Roth & Sons, the fullblock office tower is situated between East 51st and 52nd Streets and Park and Lexington Avenues. In addition to KPMG, the property is 100 percent leased to Blackstone, the National Football League (NFL), Loeb & Loeb, and Rudin Management Company.
“CBRS is consistent with our company’s focus on shared assets for the benefit of all. This is of great value to building owners, tenants, and wireless network operators,” said Paul Reddick, Vice President of Strategy, Business and Product Development for Crown Castle.
“This exciting new technology goes beyond what was possible even a few years ago,” said Michael Rudin, Senior Vice President at Rudin Management Company. “The spectrum that this technology is based in is the wave of the future, and tenants and owners alike who rely on fast, reliable connectivity will need this in order to stay competitive.”
“Real estate owners and operators are under immense pressure to assess the impact of different climate risks on their assets, improve tenant experience and report progress toward emissions reduction goals to stakeholders,” said Arun Ghosh, KPMG One Americas Blockchain & Cryptoassets leader. “A CBRS network can provide the fault tolerant, local 5G backbone to enable KPMG Climate Accounting Infrastructure to capture highly granular data, powered by Nantum, to derive the trusted insights needed to measure progress toward net-zero by accounting for decarbonization and the transition to renewable energy.”
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