BusinessLanguage: English
Chrysler Building to get its crown restored after being sold
Key Takeaways
- Tishman Speyer has taken over the lease of the iconic Chrysler Building.
- A $235 million investment will fund a major renovation and crown restoration.
- The project aims to meet strong demand for new office space in Manhattan.
The iconic Chrysler Building in Manhattan is set to undergo a major multimillion-dollar renovation following a recent lease takeover by developer Tishman Speyer. As part of the project, the skyscraper's famous Art Deco crown and 77-storey facade will be fully restored, alongside substantial upgrades to interior office spaces and building infrastructure.
The developer plans to invest $235 million to modernize the nearly 100-year-old structure, addressing high demand for office space in the Midtown Manhattan area. The extensive overhaul will also feature technical improvements to elevators, mechanical systems, and the creation of an upscale lounge on the 61st floor.
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