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Aragon Construction Completes 67,000-SF Build-Out

NEW YORK CITY—Currency trading firm FXCM Inc. appointed Aragon Construction to complete a full-floor build-out at their corporate headquarters at 55 Water Street.

Aragon constructed the space in partnership with Milo Kleinberg Design Associates and the Craven Corporation as the owner’s representative. Encompassing the entire 50th floor, the project, consisting of a perimeter of offices and an open floor plan, will total about 67,000 sq. ft.

The large space has been constructed to the clients’ specifications. The open space is surrounded by a perimeter of offices and conference rooms, which are wired for two televisions and video conferencing, as well as a large IT area to handle the electronic trading equipment in the office. The neutral palette of the space is warmed by dark red oak finishes on wood doors and frames. The reception area and lounge, as well as several conference rooms, remain from the previous tenants.

The technology of the project involved wiring multiple work stations, some of which contain up to 16 monitors each. “From past projects, we were aware that the significant wiring and IT components can be challenging,” said Rick Coffey, senior vice president at Aragon Construction, “So we planned for any possible challenges and closely monitored the entire process to avoid any complications.”

55 Water Street was completed in 1972 by Emory Roth & Sons. Located on the river at Water Street and Hanover Square, the 54-story, 3.8 million-sq.-ft. office building is one of the largest office buildings in New York City. FXCM moved into their new space from one block away at 32 Old Slip.

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