Famed Park Avenue office tower gives aging event space a facelift

There’s a new look and caller life for 1 of Realty Check’s favourite backstage gathering spots.

Club 101 astatine H.J. Kalikow’s 101 Park Ave. is warmer and much colorful than it was successful nan years Peter Kalikow owned nan New York Post, erstwhile he threw memorable vacation parties that included, if representation serves, his astonishment entranceway connected a motorcycle.

The remodeled Club 101 now boasts plush reddish carpeting, caller lighting and wall treatments. CS Designworks

The tenants-only edifice and lounge, which was erstwhile 1980s-style metallic and gray, now boasts plush reddish carpeting, caller lighting and wall treatments. A caller room was installed to bring nutrient work up to 2024 standards.

The redesigned nine is portion of nan tower’s amenity programme for agency workers and visitors, which includes Five Iron Golf and nan American Kennel Club Museum.

The building astatine East 40th Street is 88.5% leased to tenants specified arsenic Corient, Morgan Lewis and Alliant Insurance. Asking rents scope from $90 to $175 per quadrate foot.

H.J. Kalikow’s 101 Park Ave., which is astir 90% leased, continues to upgrade tower’s amenities. Google Maps

We often time off commercialized refinancings to nan trades, but this one’s excessively monumental to ignore. Tishman Speyer refinanced Rockefeller Center via a $3.5 cardinal CMBS loan, which it said was nan largest ever for a azygous commercialized asset.

The five-year indebtedness for which Bank of America and Wells Fargo acted arsenic co-lead managers will switch Rock Center’s erstwhile 20-year, $1.7 cardinal CMBS indebtedness and further financing to mature successful May 2025.

Tishman Speyer owns nan tract pinch Chicago-based Henry Crown & Co. Over nan past 20 years, Tishman CEO Rob Speyer led a methodical modernization, beautification and re-tenanting of nan landmarked, 13-building, 7.3 cardinal square-foot Midtown complex. Its offices are  93% leased to firms for illustration Deloitte, Lazard, Simon & Schuster and JPMorgan Chase.

Another week, different financial firm’s early renewal and description astatine nan aforesaid salient location.

Mirae Asset Securities has doubled its abstraction astatine SL Green’s 810 Seventh Ave. pinch a 10-year renewal starting successful March 2027 connected its existent 17,320 feet, and a abstracted lease for an further 17,320 quadrate feet.

The 760,000 square-foot building betwixt West 52d and 53d streets is besides location to Brightwood Capital, Berkeley Research Group, BOND residential brokerage, Ballon Stoll Bader & Nadler, Dragados USA, Ion Media Networks, Inc., and TAG Associates Ltd.