The World Diamond Tower
Welcome to 580 Fifth. Built in 1927 by distinguished architects Warren and Wetmore, 580 Fifth, best known as The World Diamond Tower, serves as the heart of the Diamond and Jewelry trade in the U.S. From our prestigious tenant roster, to our high security protocols, to the ability of our tenants to trade and collaborate with each other all within the confines of our building, 580 Fifth provides the ideal environment for a vibrant industry.
The World Diamond Tower is proudly operated by the descendants of the same family owners since 1954. Whether you’re a small business owner, or a member of the jewelry aristocracy, we understand your needs, and your business interests are our primary concerns.
Building Specifications
A Closer Look at 580 Fifth
Owner: Forty Seventh Fifth Company, LLC
Location: Northwest Corner of 5th Ave & 47th Street
Year Built: 1927
Building Size: 34 Floors | Approximately 400,000 RSF
Floor Plates: Range from 3,700 RSF to approximately 25,000 RSF
Construction: Reinforced concrete slabs with steel framing
Column Spacing: 14 ft. - 16 ft.
Ceiling Height: 11 ft. - 12 ft.
Elevators: 12 High-speed passenger and 2 automatic high-speed freight
Electric: 6 watts per sq. ft.
Core Factor: 30%
HVAC: 900 Tons of condenser water for air conditioning connection with a newly installed steam boiler plant.
Life Safety: Newly installed Class “E” fire alarm system with 24-hour on-site supervision
Amenities
Address: An internationally known address, 580 Fifth is known all over the world as The World Diamond Tower, the center of the Diamond trade in the U.S.
Foreign Trade Zone: 580 Fifth Avenue is a Designated Foreign Trade Zone. This unique status permits domestic activity involving foreign items to take place prior to formal customs entry. Duty free treatment is accorded to items that are re-exported, and duty payment is deferred on items sold within the U.S.
Mail Delivery: United States Post Office located on the 4th Floor
Vault: Onsite vaulting facilities highly secured behind a 22-ton door and operated by DGA
NYPD: Onsite and stationed within the lobby 24/7, 365 days a year
Security: Modern building-wide interior and exterior video surveillance system, turnstile keycard access, and biometric points of entry
Armored Logistics: Major armored couriers, including Brinks, Malca Amit, Loomis, and others.
Connectivity: High-speed internet with providers like Stealth, Spectrum, Astound, Lightpath, XFINITY, and Verizon Fios.
Roster: Prestigious tenant roster including Harry Winston, Julius Klein, Disons Gems, Krainz Creations, Rough Diamond Traders, and more.