100 Park is the “New Modern Classic” of Grand Central
New York, NY – 100 Park Avenue has taken home BOMA gold. The 825,815-square-foot, 36-story property owned in partnership by SL Green and Prudential Real Estate was honored with a Pinnacle Award at the Building Owners and Managers Association’s (BOMA) ceremonial dinner held at on February 6th.
SL Green recently completed a comprehensive redevelopment of the 1950 era building making 100 Park Avenue into a “New Modern Classic.” The most visible portion of the redevelopment is the $72 million capital plan which includes the installation of a soaring two-story atrium lobby, a stunning new glass and metal façade, new double height storefronts, 2,000 new insulated windows and elegant new elevator cabs with glass and stone accents. In addition, significant infrastructure upgrades were performed including new cooling plant, increased electric capacity, and state-of-the-art security systems. “We’re particularly proud of the extensive ‘green building’ technology,” noted Edward Piccinich, Executive Vice President and Director of Management and Construction.
The award was accepted by John Flaherty, Property Manager for 100 Park, who is married to SL Green’s Meghann Gill who won last year’s Pinnacle award for Property Manager of the Year. “It was particularly noteworthy because, to my knowledge, it marks the first time a husband and wife have been recognized by BOMA two years in a row, similar to the Manning Brothers’ back-to-back Superbowl MVP awards,” said Mr. Piccinich.
“One of the most challenging aspects of the renovation was installing the glass curtain wall on a building that was 95 percent occupied,” said Mr. Piccinich. “The work required chopping out hundreds of 2 X 2 sections of masonry along the exterior surface of the building in order to anchor the glass wall equivalent in size to a football field.”
The SL Green team took extraordinary steps to minimize disruption to building tenants throughout the 18-month construction process. This included construction and operation of a 10,000-square-foot business center for use by tenants who were temporarily displaced by the redevelopment work.
“Our comprehensive planning, scheduling and tenant coordination allowed us to complete this complicated project on time and within budget,” said Mr. Piccinich.
About SL Green Realty Corp.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of December 31, 2007, the Company owned 32 New York City office properties totaling approximately 24,728,200 square feet, making it New York’s largest office landlord. In addition, SL Green holds investment interests in, among other things, retail properties (eight) encompassing approximately 353,939 square feet, development property (one) encompassing approximately 85,000 square feet and land interests (two), along with ownership of 36 suburban assets totaling 7,867,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
To be added to the Company’s distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at 212-216-1601.
