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Famed Park Avenue office tower gives aging event space a facelift

One of Realty Check's popular private gathering spots is getting a new look and new life.

H.J. Kalikow's Club 101 at 101 Park Avenue is warmer and more colorful than it was when Peter Kalikow owned the New York Post. Back then, Peter Kalikow threw a memorable holiday party that included a surprise entrance on a motorcycle.


The renovated Club 101 features a luxurious red carpet, new lighting, and wall decorations. CS Design Works

The tenant-only restaurant and lounge, once 1980s-style silver and gray, now features a plush red carpet, new lighting and wall decor. A new kitchen was installed to bring food service up to 2024 standards.

The redesigned club is part of the tower's amenity program for office workers and visitors, including Five Iron Golf and the American Kennel Club Museum.

The East 40th Street tower is 88.5% leased to tenants including Corient, Morgan Lewis and Alliant Insurance. Asking rents range from $90 to $175 per square foot.


HJ Kalikow's 101 Park Avenue is nearly 90% leased and upgrades to the tower's amenities continue.
HJ Kalikow's 101 Park Avenue is nearly 90% leased and upgrades to the tower's amenities continue. Google Maps

We often leave commercial refinances to merchants, but this is too monumental to ignore. Tishman Speyer refinanced Rockefeller Center with a $3.5 billion CMBS loan, the largest amount ever for a single commercial asset, the company said.

The five-year loan, jointly led by Bank of America and Wells Fargo, replaces Rock Center's previous 20-year, $1.7 billion CMBS loan and an additional loan due in May 2025. Become something.

Tishman Speyer owns the property in partnership with Chicago-based Henry Crown & Company. Over the past 20 years, Tishman CEO Rob Speyer led the systematic modernization, beautification and re-tenancy of the 13-building, 7.3 million square foot landmark Midtown complex. 93% of the company's offices are leased to companies such as Deloitte, Lazard, Simon & Schuster and JPMorgan Chase.


Another week, another financial company did an initial renewal and expansion in the same prominent location.

Mirae Asset Securities has doubled its 810 Seventh Ave. site in SL Green by separately leasing an additional 17,320 square feet with a 10-year renewal beginning in March 2027.

The 760,000 square foot tower between West 52d and 53d streets is home to Brightwood Capital, Berkeley Research Group, BOND residential brokerage, Ballon Stoll Bader & Nadler, Dragados USA, Ion Media Networks, Inc. and TAG Associates Ltd. There is also.

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