One of the most recognisable skyscrapers in Manhattan’s skyline, the Chrysler Building, will undergo extensive renovations as part of a multimillion-dollar selling agreement. The Art Deco crown of the skyscraper, which opened in New York almost a century ago, will be cleaned and restored as part of a renovation that will also restore the building’s 77-story façade. The Cooper Union for the Advancement of Science and Art, a private college, has leased the space to developer Tishman Speyer.
The 61st floor, which has enormous eagle gargoyles and a “upscale” lounge, will be upgraded as part of Tishman Speyer and its partners’ $235 million (£178 million) investment in the project. The majority of the building, which is near Grand Central train station, will be used by the developer as office space. It is using what it refers to as a “prebuild approach” that will enable businesses to swiftly relocate to their new locations.
The neighbourhood “has one of the lowest office availability rates in Manhattan,” according to Tishman Speyer, who also noted that “construction of new office supply in the neighbourhood has been virtually nonexistent for decades.” The building’s mechanical, lift, electrical and air handling systems will all be upgraded as part of the rehabilitation. Before the neighbouring Empire State Building overtook it less than a year later, the Chrysler Building, at 1,046 feet (319 meters), was the highest structure in the world.
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