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125 Park Ave Building Analysis

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maclanders

The document discusses the history of 125 Park Avenue in New York City and the surrounding area. It describes a hotel that was demolished in 1914 to make way for subway lines and the subsequent development of Pershing Square and the Pershing Square Building on the site in the 1920s, a 25-floor office tower with ground floor retail including a bank. It also lists tenants of 125 Park Avenue and suggests including comparable buildings, costs, tenants, and a map in a presentation about the property.

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125 Park AvenueCasey CrowMackenzie LandersKelli MeklesNajam ??Anthony Suppa
Grand Union HotelBuilt 1874600 roomsSlept up to 1,300 people a night Restaurant1910’s one of only two big hotels in New York CityDemolished in 1914 for Lexington Ave subway line
Pershing SquareCity owned site with leftover construction buildings and material from subway
Local groups propose Public Square
Reduce congestion of area
Public good, light and air

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125 Park Ave Building Analysis

  • 1. 125 Park AvenueCasey CrowMackenzie LandersKelli MeklesNajam ??Anthony Suppa
  • 2. Grand Union HotelBuilt 1874600 roomsSlept up to 1,300 people a night Restaurant1910’s one of only two big hotels in New York CityDemolished in 1914 for Lexington Ave subway line
  • 3. Pershing SquareCity owned site with leftover construction buildings and material from subway
  • 4. Local groups propose Public Square
  • 7. Eventually denied because of loss of revenue for cityPershing Square BuildingLot purchased in January 1921 for $2.9mPershing Square Building CorporationBuilt 1923528,840 SF25 floors OfficeGround floor retailGround floor Bowery Savings Bank
  • 9. Thoughts – content to possible include in presentation (speaking points)Comparable buildings (have on Property Shark report)Costs of running building (have on Property Shark report)List of tenants (should mention key tenants in building)Should include map – property shark has good/interesting maps but image too fuzzy to cut and pasteShould have a basic location map – I can get if no one else already has