125 West 55th Street
125 West 55th Street | |
---|---|
Alternative names | Avenue of the Americas Plaza |
General information | |
Type | Office |
Architectural style | Modernist |
Location | 125 West 55th Street, Manhattan, New York City, U.S. 10019 |
Coordinates | 40°45′49″N 73°58′44″W / 40.763607°N 73.979002°W |
Construction started | 1988 |
Completed | 1990 |
Owner | J.P. Morgan Asset Management[1] |
Height | 100.6 m (330 ft) |
Technical details | |
Floor count | 22 |
Design and construction | |
Architect(s) | Edward Larrabee Barnes and John MY Lee Architects |
Developer | Macklowe Properties |
Structural engineer | Rosenwasser / Grossman Consulting Engineers, P.C. |
References | |
[2] |
125 West 55th Street, also known as Avenue of the Americas Plaza, is a 23-story, 575,000-square-foot (53,400 m2) office building located on
The facility, with 570,000 square feet (53,000 m2) of rentable office space,
History
Development
The building, constructed by Fisher Brothers,[13] cost $60 million in 1988 dollars. The Saint Thomas Choir School previously occupied the site,[14] and moved into a new building at 202 West 58th Street.
Construction on 125 West 55th Street began in 1988.[5] In order to capitalize on a City of New York zoning bonus, the developers planned to have the building's foundation installed by May 13, 1988; buildings in the area installed before a deadline in the northern hemisphere spring of 1988 received a 20% increase in size in order to spur development of western Midtown Manhattan.[13] The developers planned to have tenants begin occupying the building in May 1989.[14] The building was completed in 1990.[6]
Use
In 1991,
Around the same time, Katz Media Group signed a lease for 170,000 square feet (16,000 m2) of space in the building. As of November 24, 1991, the Katz lease was the fourth largest lease in New York City.[15] During that year the National Bank of Canada and Credietbank were tenants in the building.[6]
In the summer of 1992,
Boston Properties acquired the building in 2008, for $444 million.[5] In 2010, Katz Media Group renewed its lease until 2027, giving Katz more than one-third of the building space, with about 200,000 square feet (19,000 m2).[12] In 2010 MetLife refinanced a portion of the debt of the building. As of 2011 the building was worth $345 million.[17] In 2011 a former deputy of Harry Macklowe, former head of the Macklowe Group, filed a lawsuit against Macklowe, saying that Macklowe did not share the proceeds of the sale of 125 West 55th Street.[18]
Design
Thomas L. Waite of
Tenants
- Au Bon Pain has a location at 125 West 55th Street.[19]
- Starbucks has a location on the 56th Street side of this building, as does Chop't
- Estatorio Milos is a seafood restaurant on the ground floor
- Macquarie Group is housed on the upper floors
- iHeartMedia and its subsidiary, Katz Media Group, are housed on floors 3-14 and 21
References
Notes
- ^ "125 West 55th Sells for $470 M. Amid Push to Unload Class A Towers". Commercial Observer. April 25, 2013. Retrieved March 5, 2017.
- ^ "Avenue of the Americas Plaza". Emporis. Archived from the original on March 5, 2017. Retrieved March 5, 2017.
- ^ "125 West 55 Street Fact Sheet." Macklowe Properties. February 26, 2007. Retrieved on February 24, 2011.
- ^ a b Dunlap, David W. "Commercial Property: 125 West 55th Street; The Anatomy of a Macklowe Tower Leasing Coup." The New York Times. November 24, 1991. 2. Retrieved on February 25, 2011.
- ^ a b c d e "125 West 55th Street Archived 2010-10-19 at the Wayback Machine." Boston Properties. Retrieved on February 25, 2011.
- ^ a b c d e "Air France leases 29,500 sf at Avenue of the Americas Plaza." Real Estate Weekly. July 10, 1991. Retrieved on February 24, 2011.
- ISBN 978-0-8478-1821-1.
- ^ a b Deutsch, Claudia H. "Commercial Property: Avenue of the Americas; From Corporate Corridor to Boulevard of Barristers." The New York Times. April 4, 1993. 1. Retrieved on February 24, 2011.
- ^ "Air France in the United States Archived 2011-01-06 at the Wayback Machine." Air France. June 11, 2007. 15 (15/16). Retrieved on February 13, 2010. "The Air France “United States” regional management is located in New York: 125 West 55th Street, New York, NY 10019"
- ^ "Week of Romance Facebook Contest Archived March 8, 2011, at the Wayback Machine." Air France. Retrieved on March 2, 2011. "Sponsor: Air France USA Executive Office, 125 West 55th Street, 2nd Floor, New York, NY 10019."
- Macquarie Bank. Retrieved on February 24, 2011. "125 West 55th Street New York, NY 10019."
- ^ a b "Boston Properties scores 200,000 sf lease renewal at 125 West 55th Street." The Real Deal. Retrieved on February 25, 2011.
- ^ a b Foderaro, Lisa. "A Trade-Up for St. Thomas Choir School." The New York Times. August 23, 1987. 1. Retrieved on February 24, 2011.
- ^ a b c Waite, Thomas L. "POSTING: Choir School Site; Offices by Macklowe." The New York Times. March 13, 1988. Retrieved on February 23, 2011.
- ^ a b c Dunlap, David W. "Commercial Property: 125 West 55th Street; The Anatomy of a Macklowe Tower Leasing Coup." The New York Times. November 24, 1991. 1. Retrieved on February 25, 2011.
- ^ Deutsch, Claudia H. "Commercial Property: Upgraded Services; Using Fiber Optics to Attract -- or Keep -- Tenants." The New York Times. October 31, 1993. Retrieved on March 2, 2011.
- ^ Weil, Dan. "Awash with insurance cash." The Real Deal. February 1, 2011. Retrieved on February 24, 2011.
- ^ Jones, David. "Ex-Macklowe exec alleges proceeds withheld from West 55th Street building sale." The Real Deal. February 24, 2011. Retrieved on February 24, 2011.
- ^ "125 West 55th St." Au Bon Pain. Retrieved on March 2, 2011. "125 West 55th St. 125 West 55th St. New York, NY 10022"
External links
- "125 West 55th Street." Macklowe Properties
- "Avenue of the Americas Plaza." Emporis