Pressing its campaign to establish a formidable East Midtown core, SL Green added another trophy to its burgeoning portfolio.
in 2018. The landlords were soon at war as HNA inexplicably placed 245 Park in bankruptcy despite a positive cash flow, and ousted SLG as its management company.
Chief executive Marc Holliday said that 245 Park will immediately begin a repositioning and upgrading. The plan includes new lobbies on the tower’s Park and Lexington avenue sides, a re-designed public plaza, infrastructure advances, new retail storefronts and tenants’ amenities such as fitness and wellness centers and food services curated by Daniel Boulud’s Dinex company.
“The new chapter begins tomorrow,” Holliday told us on Friday. “It’s our goal to take a path where we are improving both the building and the public realms near Grand Central Terminal.A key part will be to re-imagine the Park Avenue-side plaza so as to better integrate it into other pedestrian-friendly changes planned in the corridor.
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