Manhattan office space<\/a> at 405 Lexington Ave.<\/p>\n\u201cWe are pursuing an ambitious plan for the Chrysler Building at a historically strong moment for the Manhattan office market,\u201d said Tishman Speyer CEO, Rob Speyer. \u201cWe are thrilled to lead this beloved building\u2019s next chapter. Just as we have done through new developments like The Spiral and our continuous reinvention of Rockefeller Center, we will create an environment that will make our customers proud and excited to work here every day.\u201d<\/p>\n
Repositioning the Chrysler Building as Manhattan\u2019s most distinctive new boutique office building will pair one of the world\u2019s most iconic addresses with a workplace experience designed for today\u2019s customers.<\/p>\n
\u201cThe significance of this agreement is ultimately about what it makes possible for generations of Cooper Union students,\u201d said Steven W. McLaughlin, president of The Cooper Union. \u201cFor more than a century, the Chrysler Building has helped sustain Peter Cooper\u2019s vision of opening access to education by removing financial barriers. We have a responsibility to be caretakers of that promise, to build upon it and to leave Cooper stronger for those who come after us. This agreement is part of an integrated financial plan that gives us the framework to confidently pursue that goal.\u201d<\/p>\n
The Cooper Union has owned the land on which the Chrysler Building was built since 1902 and uses the asset as a permanent source of financial support for the school\u2019s mission. This long-term ground lease to Tishman Speyer comes as the college is in the midst of a bold plan to restore full-tuition scholarships for all undergraduates.<\/p>\n","protected":false},"excerpt":{"rendered":"
The extensive building improvement and hospitality program announced by Tishman Speyer aims to breathe new life into the 1.3 million square feet of Manhattan office space at the iconic skyline staple on Lexington Ave.<\/p>\n","protected":false},"author":48,"featured_media":52937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,39],"tags":[],"class_list":["post-52936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office","wpautop"],"acf":[],"yoast_head":"\n
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