This page uses content from Wikipedia and is licensed under CC BY-SA.

225 Park Avenue South

225 Park Avenue South is an office building property in Midtown Manhattan, New York City. At the intersection of Park Avenue (formerly Fourth Avenue) and East 18th Street on the northeast corner,[1] between East 18th Street and East 19th Street,[2] it is in proximity to Union Square.[3] Orda Management owns the facility,[4] which served as a temporary headquarters for the Port Authority of New York and New Jersey (PANYNJ) from 2001 to 2015 after its previous headquarters in the former World Trade Center complex were destroyed in the September 11, 2001 attacks, and it also formerly had the headquarters of Crown Publishing Group.

The property includes 19-story 225 Park Avenue South, originally named the American Woolen Building for its tenant, American Woolen Company, as well as the 12-story 233 Park Avenue South.

History

A major renovation was scheduled for 2014, after the Port Authority of New York and New Jersey vacated the premises.[4] The renovation was done in 2017 and then refinanced.[5] As of 2017 97.9% of its space was leased.[6]

Architecture

225 Park Avenue South, 19 stories tall, was built in 1909 as the American Woolen Building and designed by Robert Henderson Robertson,[4] of R.H. Robinson & Sons. The consulting engineer was C. T. Main.[7] 225 has a total of 537,500 square feet (49,940 m2) of space.[2] Built on a steel frame and with a limestone exterior,[1] 225 has a ram's head at its main entrance,[4] on Park Avenue.[1] A freight entrance is on 19th Street.[8]

225 had five elevators for general use for floors 1-13. There were six elevators intended for company and client use only, with two serving the basement through floor 18, one going to floor 19, and three going only to floor 14. The freight elevators in the rear, also only for company/client use, numbered four, with three of them also intended for human passengers.[1] The 14th floor was used as the American Woolen Company's reception area.[8]

233 Park Avenue South constructed around the same time that 225 was built,[4] and is 12 stories tall.[6] 233 is north of 225.[9] 233 has a brass ring at its main entrance.[4]

Tenants

As of 2017 its tenants included Buzzfeed, Facebook, STV Inc., and seven other tenants; the first three take up the largest space in the building.[6]

Facebook maintains New York City-area offices in the building. In 2016 it signed a lease for 200,000 square feet (19,000 m2) of space in the building, with 78,666 square feet (7,308.3 m2) of that space being on floors 17-19.[2] Its remaining space is between Floor 6 and Floor 10.[9] Buzzfeed also has space in the building; in 2014 it signed a lease for 194,000 square feet (18,000 m2) of space on floors 11 through 16.[10] STV Inc. has its New York City headquarters in 225.[11]

The Port Authority of New York and New Jersey previously maintained its headquarters at the 225 Park Avenue South complex;[12] it had relocated there after the previous headquarters, at 1 World Trade Center in the former World Trade Center complex,[13] were destroyed in the September 11, 2001 attacks. PANYNJ, which signed a 15-year lease with the landlord and stated its intention to only use the facility as a temporary headquarters, occupied space in both 225 Park Avenue South and 233 Park Avenue South, with 315,000 square feet (29,300 m2) leased.[14] The Office of Medical Services was at 233 Park Avenue South.[15] In 2014 PANYNJ began moving its workers to 4 World Trade Center,[15] and 2015 the PANYNJ headquarters finished moving to 4 World Trade Center.[3] The medical offices remained at 233 Park Avenue South, but in 2016 the board PANYNJ was scheduled to vote on a new location for those offices.[15] Terence Cullen of Commercial Observer stated that Facebook "likely" took former PANYNJ space.[2]

Crown Publishing Group had its headquarters at 225 Park Avenue South,[16][17] occupying 80,000 square feet (7,400 m2) of space. Random House received the space when it acquired the company. In 1990 Random House signaled intentions to sublease the space.[18]

Historically the American Woolen Company occupied floors 13-19.[1]

References

  1. ^ a b c d e Architects' and Builders' Magazine, Volume 43, Issues 1-15. W.T. Comstock, 1911. p. 127. Available on Google Books.
  2. ^ a b c d Cullen, Terence (2016-03-25). "Facebook Adds Another 200K SF in Midtown South". Commercial Observer. Retrieved 2019-01-05. Italic or bold markup not allowed in: |publisher= (help)
  3. ^ a b Dunlap, David W. (2015-03-04). "With Newfound Modesty, Port Authority Returns to the World Trade Center". The New York Times. Retrieved 2019-01-05. After 14 years near Union Square, the agency’s headquarters have returned to a spot at the World Trade Center, where they had been from 1973 until Sept. 11, 2001.[...]the interim board room at 225 Park Avenue South, at East 18th Street.
  4. ^ a b c d e f Weiss, Lois (2014-04-27). "The old-fashioned office building is getting a brand new look". New York Post. Retrieved 2019-01-05.
  5. ^ "Orda Management secures $430M refi for 225-233 PAS". The Real Deal New York. 5 June 2017. Retrieved 6 January 2019.
  6. ^ a b c Cathy Cunningham. "225-233 Park Avenue South Latest NYC Loan to Hit CMBS Market". Commercialobserver.com. Retrieved 6 January 2019.
  7. ^ Architects' and Builders' Magazine, Volume 43, Issues 1-15. W.T. Comstock, 1911. p. 126. Available on Google Books. "The American Woolen Building. 4th Avenue and 18th Street, New York."
  8. ^ a b Architects' and Builders' Magazine, Volume 43, Issues 1-15. W.T. Comstock, 1911. p. 128. Available on Google Books. "The American Woolen Building. 4th Avenue and 18th Street, New York."
  9. ^ a b Weiss, Lois (2016-03-25). "Facebook snags another downtown office space". New York Post. Retrieved 2019-01-05. Facebook will have 78,666 square feet on the 17th to 19th floors at the top of the 107-year-old building to the south[...]The smaller building to the north is 12 stories tall.
  10. ^ Schlanger, Danielle (2014-12-18). "BuzzFeed Signs Lease for New Space on Park Avenue South". Commercial Observer. Retrieved 2019-01-05. Italic or bold markup not allowed in: |publisher= (help)
  11. ^ "Locations." STV Inc. Retrieved on January 7, 2019. "225 Park Avenue South New York, NY 10003-1604"
  12. ^ Home. Port Authority of New York and New Jersey. January 1, 2006. Retrieved on January 5, 2019. "The Port Authority of NY & NJ | 225 Park Avenue South, 18th Floor, New York, NY 10003-1604"
  13. ^ "About." Port Authority of New York and New Jersey. February 7, 2001. Retrieved on January 5, 2019. "Mailing Address: The Port Authority of New York & New Jersey 67 West # 1 World Trade Center New York, NY 10048"
  14. ^ Lueck, Thomas J. (2001-10-26). "For Now, Port Authority to Keep Offices Out of Lower Manhattan". The New York Times. Retrieved 2019-01-06.
  15. ^ a b c Cullen, Terence (2016-10-18). "Port Authority Expected to Move Its Medical Offices to FiDi". Commercial Observer. Retrieved 2019-01-06. Italic or bold markup not allowed in: |publisher= (help)
  16. ^ The Illustrated Gospels: According to St. Matthew, St. Mark, St. Luke & St. John. Crown Publishers, 1985. ISBN 0517559250, 9780517559253. p. 4. "Published in the United States in 1985 by Crown Publishers, Inc. , 225 Park Avenue South, New York, New York, 10003"
  17. ^ School Library Journal: SLJ., Volume 36, Issues 7-12. R.R. Bowker Company, Xerox Company, 1990. p. 27. See image: "The Crown Publishing Group 225 Park Ave. South, New York, NY 10003 A Random House Company"
  18. ^ Dunlap, David W. (1990-12-02). "Commercial Property: Book Publishers; Random House Elects to Stay in Its Midtown Tower". The New York Times. Retrieved 2019-01-06.

External links