75 Rockefeller Plaza
|75 Rockefeller Plaza|
75 Rockefeller Plaza
|Former names||Time Warner Building, Esso Building|
|Address||15 West 51st Street|
|Town or city||New York City|
|Construction started||July 1946|
|Owner||Mohamed Al Fayed|
|Height||424 ft (129 m)|
|Floor area||578,237 sq ft (53,720.0 m2)|
|Lifts/elevators||14 (12 passenger, 2 service)|
|Design and construction|
|Architect||Carson & Lundin; Wallace K. Harrison|
|Developer||The Rockefeller Group|
In July 1944, the Rockefellers began planning for a new 16-story tower to house the Standard Oil Company (Esso), who had outgrown their lease at the nearby 30 Rockefeller Plaza. The structure was completed in 1947 in early Modernist style. It was originally known as the Esso Building. At completion, the building was the tallest completely air-conditioned building in New York City, and the first one in Rockefeller Center. The building also housed Schrafft's Restaurant which had a capacity of 1,283 people, making it the largest restaurant in the world at the time. Standard Oil's successor, Exxon, moved to the newly built 1251 Avenue of the Americas in 1971.
Warner Communications BuildingEdit
In 1973, the heating, ventilation and air‐conditioning systems in the building were replaced, along with some upgrades to the electrical systems. These renovations led Warner Communications to lease all 570,000 square feet (53,000 m2) of Exxon's former space, which led to the building becoming known as the Warner Communications Building. Warner initially occupied only 340,000 square feet (32,000 m2) of space and subleased the rest to tenants including the Financial Times, Thomson-CSF, PBS, and The Economist.
75 Rockefeller PlazaEdit
In 2012, Time Warner indicated that they would not be renewing their space in the building due to their move to Time Warner Center, which would leave the building virtually empty in 2014. The owners brought in RXR Realty in a $500 million, 99-year lease to manage the building's office space. As part of the deal, RXR would spend $250 million to renovate the building in a plan designed by Kohn Pedersen Fox. The renovation included a new lobby, replacement elevator cabs, new mechanical, electrical, plumbing and HVAC systems, and a complete façade restoration.
Following the renovation, RXR secured Merrill Lynch Wealth Management as the anchor tenant in June 2016 with a 125,000 square feet (11,600 m2) lease. The American Girl Store also signed a 2-story, 40,000 square feet (3,700 m2) lease to relocate its flagship store from nearby Fifth Avenue. In August 2017, Austrian bank Erste Group signed a 14,000 square feet (1,300 m2) lease in the building for their New York outpost. In October 2018, co-working startup Convene announced plans to open a 14,000 square feet (1,300 m2), invite-only "Club 75" on the 32nd floor with a library, dining space, lounge, and event space.
- "Time Warner Building". Skyscraper Center. Council on Tall Buildings and Urban Habitat. Retrieved January 10, 2017.
- Landmark Designation
- Horsley, Carter (April 8, 1973). "Two Buildings Get A Major Overhaul At Rockefeller Center". New York Times.
- "News of the Realty Trade". New York Times. April 7, 1974.
- Stout, David (December 6, 1996). "Fire Empties Rockefeller Center Restaurant". New York Times.
- "75 Rockefeller Plaza will need tenants, manager". The Real Deal. January 25, 2012.
- Sadovi, Maura (February 18, 2013). "RXR Bullish in Manhattan". Wall Street Journal.
- Barbarino, Al (January 24, 2013). "RXR Realty Signs 99-Year Lease at 75 Rockefeller Plaza". Commercial Observer.
- Cullen, Terence (June 20, 2016). "Merrill Lynch Wealth Management Taking 125K SF at RXR's 75 Rock". Commercial Observer.
- Cullen, Terence (May 17, 2016). "American Girl Headed to 40K SF in Rockefeller Center [Updated]". Commercial Observer.
- Voien, Guelda (August 9, 2017). "RXR Inks 14K-SF Lease With Austrian Bank At 75 Rockefeller Plaza". Commercial Observer.
- "RXR taps Convene to manage invite-only penthouse club at 75 Rock". The Real Deal. October 24, 2018.
- "75 Rockefeller Plaza - Time Warner Lease - Mohamed Al-Fayed". The Real Deal New York. January 25, 2012.
- David M Levitt (January 15, 2013). "RXR Said to Buy 99-Year Leasehold at 75 Rockefeller Plaza". Bloomberg.com.