Simons Foundation Expanding Its Space
The Simons Foundation, founded by mathematician and hedge-fund billionaire James Simons and his wife, Marilyn, is expanding in the Flatiron District.
The philanthropic organization has signed a long-term lease for all of the office space at 162 Fifth Ave., according to people familiar with the deal. The building is owned by a group of investors led by principals of ABS Partners Real Estate LLC.
The foundation plans to renovate about 125,000 square feet of office space and the lobby area of the 11-story building, which sits across the street from its headquarters at the corner of Fifth Avenue and West 21st Street, these people said. A spokeswoman for the foundation declined to discuss how it plans to use the building and which programs will be housed there.