Midtown's newest venue for a fun party for tenants is Global Holdings' Art Deco-style 99 Park Avenue on East 40th Street.
The company's $30 million investment will see the vintage 1950s property redesigned with a lobby and an amenity package for tenants, including an “intimate bootleg den, entertainment lounge, bowling alley, and golf simulator.”
The upgrade is expected to be completed in early 2026.
“Our innovative capital improvement program has already attracted and retained major companies seeking modern office space that fosters innovation and collaboration,” said Craig Panziller, senior vice president of Global Holdings. Ta.
Recent transactions at 99 Park include a renewal and expansion by Metropolitan Commercial Bank, increasing its presence to nearly 82,000 square feet.
Approximately 180,000 square feet of office space will remain available within the 600,000 square foot site.
Paul Glickman of JLL, who represented the bank, said Global Holdings, which owns hotels such as the NoMad Mondrian, “creates an environment where companies can streamline operations with amenities while retaining employees. To do this, I rely heavily on my hospitality experience.” engaged. ”
