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Discussion Starter #1 (Edited)

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Discussion Starter #3
Spaces Signs 111 KSF Lease at Chrysler Building

Spaces has signed a lease with Tishman Speyer to occupy nearly 111,000 square feet of office at the Chrysler Building

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Spaces will occupy the seventh through the ninth floors

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“The building will enjoy an influx of mid-sized businesses that will be housed within Spaces,” Jim Wenk, JLL’s executive managing director, told Commercial Property Executive. “ It’s co-working with an experience and welcoming center on the ground floor.”
 

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Law Firm Moses & Singer Re-Ups Lease at Chrysler Building

Law firm Moses & Singer has renewed its lease for 73,485 square feet of the Chrysler Building at 405 Lexington Avenue, according to brokers on the deal.

Moses & Singer signed a 15-year lease to remain on the 12th and 13th floors of Tishman Speyer’s landmarked Midtown tower between East 42nd and East 43rd Streets, The New York Post first reported. Asking rent was $65 per square foot, according to a spokesman for Colliers International, which brokered the deal for the law firm.

The firm had two-and-a-half years on its current lease in the Chrysler Building—which it signed in 2005—but re-upped early because it wanted to stay in “one of New York’s truly iconic addresses,” Michael Cohen, the Tri-State president of Colliers, said in a statement.
 

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Abu Dhabi government fund, Tishman Speyer put Chrysler Building on the market

In the face of higher costs and increased competition, Manhattan’s landmark Chrysler Building is for sale.

The owners, an Abu Dhabi government fund and developer Tishman Speyer, have hired CBRE to market the tower, the Wall Street Journal reported. The iconic building has been competing with newer office towers that are equipped with modern amenities like outdoor terraces and fitness centers.

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“When things break, it takes much longer to fix because there’s only one guy on the planet that has the tools to fix something from the 1920s and 1940s,” said Adelaide Polsinelli, vice chair of the commercial investment sales and leasing division at Compass.
 

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seems the construction boom is catching up on Chrysler. One of its neighbors will be redeveloped, potentially into a taller tower. Let's hope its design respects this international icon.


Lexington Ave by street level, on Flickr
 

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The Chrysler Building has new owners.

SIGNA, RFR Close on Chrysler Building Purchase

SIGNA Group and RFR Holding have closed on their acquisition of the Chrysler Building from the government of Abu Dhabi and Tishman Speyer.

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Terms of the sale were not disclosed, but the acquisition price is believed to be just over $150 million, The Wall Street Journal previously reported
 

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Chrysler Building Observation Deck

I have heard reports that the new owners of the Chrysler Building are planning on reopening the 71st floor observation deck and possibly restoring it to its 1930 glory. It would be nice considering that the observation deck has been closed since 1945. I feel that it would be a profitable attraction like the Empire State Building and Top of the Rock.
 

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The LPC gave Abey Rosen’s RFR Realty the go-ahead to install a glass screen on the 61st floor of the landmarked skyscraper at 405 Lexington Avenue — the same level of its iconic gargoyles — to create an observation deck in a unanimous vote during a Tuesday LPC meeting held via Zoom.

Aside from the glass screens, the plans also include replacing the windows on the 61st and 62nd floors of the 77-story Chrysler Building and the door to access the terrace.
 
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