By Real Estate Weekly
RXR Realty has completed a ground-up gut redevelopment of 75 Rockefeller Plaza.
The landmark tower has been recreated into the most technologically advanced and efficient building within the historic Rockefeller Center district.
RXR spent $150 million to reinvent every aspect of the tower, leaving only the building’s original limestone façade, which was cleaned to its original finish.
Capital improvements include a reconfigured retail space, a modern lobby, multiple terraces; and new heating and cooling systems.
75 Rockefeller Plaza has 623,000 s/f of total rentable space, 40 percent of which is pre-leased to tenants including American Girl, Merrill Lynch and Bank of America. RXR Realty will move its headquarters into the building during 2017.
RXR took control of the post-war Class A building in 2013 when it signed a 99-year, triple-net lease. It was originally constructed in 1947 for Standard Oil Company (ESSO).
Published: February 7, 2017
Filed Under: Redevelopment
The RXR platform manages 90 commercial real estate properties and investments with an aggregate gross asset value of approximately $15.7 billion as of December 31, 2016, comprising approximately 25.0 million square feet of commercial operating properties and approximately 3,200 multi-family and for sale units under active development in the New York Metropolitan area.