One of Realty Check’s favorite private meeting spots gets a new look and new life.
H.J. Kaliko’s Club 101 at 101 Park Avenue is hotter and more colorful than it was in the years when Peter Kaliko owned the New York Post, when he threw memorable holiday parties, including, if memory serves, his on a motorcycle. Surprise entrée included.
The tenants-only restaurant and lounge, once silver and gray in 1980s style, now boasts plush red carpet, new lighting and wall treatments. A new kitchen was installed to bring food service up to 2024 standards.
The redesigned club office is part of the tower’s amenity program for employees and visitors, which also includes Five Iron Golf and the American Kennel Club Museum.
The East 40th Street tower is 88.5% leased to tenants such as Coriant, Morgan Lewis and Alliant Insurance. Asking rents range from $90 to $175 per square foot.
We often leave commercial refinancing to the business, but it’s too big to ignore. Tishman Speyer refinanced Rockefeller Center through a $3.5 billion CMBS loan, which it said was the largest loan ever for a single commercial property.
The five-year loan, for which Bank of America and Wells Fargo served as co-lead managers, will replace Rock Center’s previous 20-year, $1.7 billion CMBS loan and additional financing maturing in May 2025.
Tishman Speyer owns the site along with Chicago-based Henry Crown & Co. Over the past 20 years, Tishman CEO Rob Spear has led the systematic modernization, beautification and re-tenanting of the historic, 13-building, 7.3 million square foot Midtown complex. 93% of its offices are leased to companies such as Deloitte, Lazard, Simon & Schuster and JPMorgan Chase.
Another week, another financial firm’s early renovation and expansion in the same prime location.
Mirae Asset Securities has doubled its space at SL Green’s 810 Seventh Avenue with a 10-year renewal starting in March 2027 and a separate lease for an additional 17,320 square feet.
The 760,000-square-foot tower between West 52d and 53d Streets is being developed by Brightwood Capital, Berkeley Research Group, Bond Residential Brokerage, Ballon Stoll Bader & Nadler, Dragados USA, Ion Media Networks, Inc. And is also home to TAG Associates Limited.
