The Consortium

Element partnered with First Avenue to acquire The Consortium Building, a historic brick-and-timber property in the heart of the Warehouse District.

Since acquisition, our role has expanded beyond advisory into active ownership, management, and leasing leadership, guiding the building’s next chapter through strategic reinvestment and tenant-focused improvements.

Our Role

• Ownership Partner
• Asset & Property Management
• Landlord Representation
• Leasing Strategy
• Project Management
• Office Buildout (Suite 200)

Leasing Strategy

We are repositioning The Consortium to attract and retain creative, community-oriented tenants aligned with the energy of the First Avenue corridor.

• Support and retain existing tenants
• Target new creative office users
• Leverage growing retail and neighborhood momentum
• Offer flexible, character-rich spaces

Operational Upgrades

• Security and system enhancements
• Phased construction to minimize disruption

Aesthetic Refresh

• Exterior facade painting + new awning
• Lobby and hallway upgrades
• Artwork, bold color, and historic First Avenue posters

These updates strengthen both tenant experience and the building’s identity within the district.

Project Spotlight: Element Office

Element led the full buildout of our new second-floor office (Suite 200) — managing the project from concept through construction.

• Design and construction coordination
• Budget and schedule management
• Delivery of a collaborative, creative workspace

Now located in the building, our team is directly embedded in the ongoing evolution of The Consortium.

Impact

• Enhanced building identity and common spaces
• Increased leasing momentum
• Stronger alignment with Warehouse District growth
• Demonstrated full-service ownership + leasing capabilities

Looking Ahead

The Consortium reflects Element’s approach to hands-on ownership, thoughtful leasing, and design-forward reinvestment.

We’re continuing to build momentum, supporting tenants, attracting new users, and contributing to the ongoing revitalization of the First Avenue corridor.