Photo: Steven Segure, Design Republic; Rico Gatmaitan, Atmosphere Design Group; Maori Hughes, MAOarch Architecture; Doris McLean, Atmosphere Design Group; Dave Margolius, Shawmut

Shawmut marked two decades of calling New York home by unveiling a new office at 488 Madison Avenue during a partner appreciation event. The firm welcomed partners and industry leaders across the local real estate and design industry to celebrate the milestone.

"We take tremendous pride in playing our role in building and creating the fabric of New York City. Our new office reflects renewed energy and purpose as we continue to seek ways to serve our clients and communities,” said Dave Margolius, executive vice president of Shawmut’s New York Metro region. “Our projects would not be possible without the valued partnerships and shared experiences we have built over the years. It’s an honor to welcome our partners to our new space, and we look forward to the next twenty years of delivering projects with the highest levels of quality and collaboration.”

The milestone event coincides with Shawmut's ten-year strategic growth trajectory aimed at increasing its market share of larger and more complex projects across New York. To achieve this goal, the firm will continue to strengthen its expertise in commercial, education, healthcare, and life sciences sectors, while also adding large-scale project builders to its team. The recent appointments of Charles Avolio as head of major projects for the New York Metro region and Kimberly Bishop as the chair of the board of directors are key steps towards achieving this plan.

Shawmut continues to complete and progress on many projects in the market, including St. John’s University’s new St. Vincent Health Sciences Center in Queens, The Diagrid Club and Chef Jean-Georges Vongerichten's restaurant at 425 Park Avenue, Taconic Partners’ life sciences hub at the Hudson Research Center, and multiple locations for the Brooklyn Public Library.