NEW YORK CITY — New York City-based Aragon Construction had been selected to build out a four-floor, 55,000-square-foot office suite for Royce Funds. The office will be located on floors 21 through 24 at 745 Fifth Ave. in Manhattan, New York City. Construction will include conference rooms, private offices, open work areas, a large trading desk, a main reception area on the 23rd floor, lobbies on the other floors, a gym on the 21st floor and a wood-clad internal staircase that will join the floors together, as well as lead to two terraces. Additional features include a bicycle storage facility, LAN room and pantries on each floor. Ted Moudis Associates is serving as project architect. Royce Funds previously occupied 30,000 square feet at 1414 Avenue of the Americas, also in New York City. It will sublet the old space when it expands into its new office. Completion is scheduled for March.