RXR Realty completes $150M redevelopment of 75 Rockefeller Plaza

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 74 commercial real estate properties and investments with an aggregate gross asset value of approximately $15.7 billion as of June 30, 2017, comprising approximately 22.1 million square feet of commercial operating properties and approximately 5,200 multi-family and for sale units under active development in the New York Metropolitan area.