Midtown East Loves To Renovate

Renovations are en vogue in the Grand Central and Plaza District office submarkets. (Soon we expect a LivingSocial deal for a new lobby.) While 237 Park is just getting started, down the block Monday Properties and Invesco are enjoying the fruits of the redo of the Helmsley Building at 230 Park. After leasing 315k SF since March, the 1.4M SF Landmark is an off-the-charts 95% leased. Monday's head of operations and property management, Hani Salama (also secretary elect for BOMA/NY and a speaker at Bisnow's New York Property Management Summit on Dec. 17) tells us assistant property managers train for five to seven months, and all are LEED-AP and RPA certified.

Hani says tenants are super involved, too. ING built out the 144k SF it renewed this year to LEED Gold (above, the LEED Gold-EB 230 Park's festive LED lights). He reports that tenant-approval rates range from 85% to 100%, thanks in part to a comprehensive maintenance program, including software that alerts managers to begin seasonal maintenance prep and lets engineers know when maintenance is called for. Service requests also go to engineers' iPhones (so they'll see them even if they're playing Candy Crush on their lunch breaks). Check out our full story with Hani in Bisnow's national Property Management issue here.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Kroenke Announces $135M Renovation For Denver's Ball Arena

Iconic Jersey Shore Property Hits The Market For $85M As Redevelopment Play

Bisnow's 2026 DEI Data Series

Lincoln Property's New Pennsylvania Head On What Types Of Deals He's Targeting

NYC Lawmakers Consider Mandating Lease Extensions For Retailers

NYC Pushes To Use Opportunity Zone 2.0 For Mamdani's Housing Goals

Philly's Busy Summer Created Momentum. Can The City Turn It Into Long-Term Growth?

Where Capital Meets Opportunity: Navigating The Next Wave Of CRE Financing At Bisnow’s Event On Sept. 30

Discussing Strategic Capital Stack Structuring At Bisnow's Sept. 30 National Finance Event

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos