10 Grand Central Terminal gets revamp
It's happening at Marx Realty's 10 Grand Central, the 450,000 square-foot Art Deco property previously known as 708 Third Ave. Marx CEO Craig Deitelzweig had the idea in 2018 to ditch the then-unfashionable avenue moniker as part of a $45 million repositioning that included moving the entrance to East 44th St.
It's been a leasing juggernaut ever since. Some 27,000 square feet of new deals brought its offices to more than 95% spoken for.
A rendering of The Bar Car at The Meeting Galleries at 10 Grand Central Station.
Marx Realty
Marx will expand from its current 9,000 square feet on the seventh floor to 11,000 square feet on the 11th floor. The move will make more room for 1-800-Flowers, which will move into Marx's old space from a smaller sublease on the 18th floor.
'I never saw before in my 24-year career so many tenants expanding or wanting to,' Deitelzweig told us.
Alternative asset management platform Hayfin Capital Management will relocate from the GM Building to a similar-sized, 7,000 square-foot space on 10 Grand Central's 16th floor — which became available when Teladoc expanded to the 17th floor.
A rendering of the The Meeting Galleries' The Grand Gallery at 10 GCT.
Marx Realty
He said companies hesitated to grow during and soon after the pandemic 'thinking hybrid work would last forever. Now, people are in their offices four or five days a week.'
He said Marx has raised rents at 10 GCT four times in the past 12 months 'from $82 per square foot to $130,' and soon to $230 on two formerly mechanical floors at the top being converted to offices with 'all-glass' surroundings.
A new draw is The Meeting Galleries, an 11,000 square-foot amenities complex of four different spaces to accommodate corporate meetings and events, including a 'Town Hall' lounge. Seats, murals and artworks were chosen to suggest a luxury train of the 1930s.
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New York Post
4 days ago
- New York Post
10 Grand Central Terminal gets revamp
When an office tower's landlord has to move its own headquarters to make room for another tenant there, it likely means the building's hot. It's happening at Marx Realty's 10 Grand Central, the 450,000 square-foot Art Deco property previously known as 708 Third Ave. Marx CEO Craig Deitelzweig had the idea in 2018 to ditch the then-unfashionable avenue moniker as part of a $45 million repositioning that included moving the entrance to East 44th St. It's been a leasing juggernaut ever since. Some 27,000 square feet of new deals brought its offices to more than 95% spoken for. A rendering of The Bar Car at The Meeting Galleries at 10 Grand Central Station. Marx Realty Marx will expand from its current 9,000 square feet on the seventh floor to 11,000 square feet on the 11th floor. The move will make more room for 1-800-Flowers, which will move into Marx's old space from a smaller sublease on the 18th floor. 'I never saw before in my 24-year career so many tenants expanding or wanting to,' Deitelzweig told us. Alternative asset management platform Hayfin Capital Management will relocate from the GM Building to a similar-sized, 7,000 square-foot space on 10 Grand Central's 16th floor — which became available when Teladoc expanded to the 17th floor. A rendering of the The Meeting Galleries' The Grand Gallery at 10 GCT. Marx Realty He said companies hesitated to grow during and soon after the pandemic 'thinking hybrid work would last forever. Now, people are in their offices four or five days a week.' He said Marx has raised rents at 10 GCT four times in the past 12 months 'from $82 per square foot to $130,' and soon to $230 on two formerly mechanical floors at the top being converted to offices with 'all-glass' surroundings. A new draw is The Meeting Galleries, an 11,000 square-foot amenities complex of four different spaces to accommodate corporate meetings and events, including a 'Town Hall' lounge. Seats, murals and artworks were chosen to suggest a luxury train of the 1930s.
Axios
6 days ago
- Axios
Beasley getting evicted from luxury Detroit high-rise
Former Piston Malik Beasley is being evicted from a $7,000-per-month apartment in The Stott, a 38-story Art Deco skyscraper overlooking downtown's Capitol Park, court records show. The big picture: His eviction case is just one of several financial problems that have come to light since ESPN reported in late June that Beasley is the subject of a federal gambling probe. He has not been charged with wrongdoing. The investigation has shelved negotiations between the Pistons and Beasley on a new multimillion-dollar contract. He played for Detroit last season on a 1-year, $6 million deal, setting the franchise record for most three-pointers in a season (319). Zoom in: Despite earning nearly $60 million as an NBA player, Beasley's financial problems amount to more than $8 million for debts owed to a marketing company, to a lender that specializes in loans to pro athletes and to others, the Detroit News reported. He owes $23,220 to The Stott in unpaid rent and other costs, court records obtained by Axios show. State of play: Beasley's landlord initially sued him for unpaid rent in March. That case was dismissed less than a month later and the landlord again filed suit in Detroit's 36th District court in June, court records show. The court entered a default judgment against Beasley on July 15 and the eviction order was filed Aug. 6. What they're saying:"Obviously he's going through some tough times now," Beasley's attorney in the federal investigation, Steve Haney, tells Axios. Haney stressed that Beasley has not been charged. He said that people in Detroit should remember what a great Piston and teammate Beasley was. "It's unfortunate an allegation can have such dire consequences," said Haney, who is not representing Beasley in civil matters such as the eviction case. Context: Dan Gilbert's Bedrock bought The Stott in 2015 and converted it into a high-rise apartment building. It was built in 1929 for the Stott flour mill company. The latest: Beasley said in a social media post last week that he's getting ready for the upcoming season.
Eater
29-07-2025
- Eater
The Rockefeller Center Restaurant From Ignacio Mattos Will Close in the Fall
is the lead editor of the Northeast region with more than 20 years of experience as a reporter, critic, editor, and cookbook author. Lodi, the Italian aperitivo-style cafe by Ignacio Mattos that debuted in Rockefeller Center in the fall of 2021, is closing 'on or about October 30,' citing high operating expenses related to the increased cost of goods as the cause. Lodi was among the first restaurants to open at the Midtown Art Deco landmark address as part of an ambitious turnaround effort led by developer Tishman Speyer. Restaurants from highly regarded teams, including Le Rock from the Frenchette duo, Korean-leaning Naro from Atomix, and all-day pasta and wine spot Jupiter from King, debuted nearby. Mattos earned praise from critics as well as a spot on the New York Times list of the 100 best restaurants in New York City. 'We deeply appreciate the efforts of Lodi's staff and support from our guests and the community,' wrote Mattos in a statement to Eater. 'We are saddened that economic events drove this closing. It has been an honor to serve our wonderful guests and the community over these years.' This shutdown raises broader questions about the future of mid‑range independent cafes in high‑traffic, high-rent corridors of the city, particularly the notoriously challenging Rockefeller Center, which was hit hard during COVID and has not traditionally been considered a cool place to gather outside of the December holidays. Lodi, in particular, spotlights the perils of an all-day cafe that straddles tourist and local appeal in a more challenging economic climate. Tishman Speyer, which has owned the property since the early 2000s, set out on the 'next-level' multi-billion-dollar overhaul that stirred debate over whether the developer's efforts to draw New Yorkers to Rock Center, in part by courting big-name chefs, would work. Back when the restaurants opened just after COVID, Eater reported that Rockefeller Center was betting its future on independent restaurants, citing how projects like the Market Line food hall on the Lower East Side in 2019 also attempted to bring New Yorkers to an area with big-name chefs. But with the Market Line having closed several years later, the shutter of Lodi is the first crack in the Rockefeller Center reinvention's facade. Lodi's opening marked the debut of one of the most luxurious new bakeries in the city, offering memorable kale and egg tart, a porchetta sandwich, a maritozzo con la panna, and a flauto al cioccolato (chocolate croissant). An alum of Blue Hill at Stone Barns, Louis Volle, oversaw the bakery and viennoiserie. The restaurant opened with Maxime Pradié running the kitchen — since then, he became the chef and owner of a little French spot, Zimmi's, in the West Village. Lodi debuted with breakfast in the morning, followed by items like salumi, antipasti, and pastas from the all-day menu. In the fall of 2023, the restaurant did away with its bakery anchor in order to add another 24 or so seats to the dining room. The move expanded the restaurant's capacity to nearly 130 seats, including outdoor tables. Earlier that same year, the restaurant's employees attempted to unionize with the Restaurant Workers Union Local 1. After voting down unionization, workers filed unfair labor practice charges against Mattos with the National Labor Relations Board, which triggered a prolonged legal battle. In the spring, the case was heard by an Administrative Law Judge, who dismissed nearly all of the union's claims, with the Administrative Law Judge (ALJ) deeming that a rerun election was not justified, as it was 'virtually impossible to conclude that the misconduct could have affected the election results.' Just after those Lodi unionizing efforts, Mattos parted ways with his Dimes Square restaurant, the Corner Bar in the Nine Orchard Hotel. Andrew Rifkin, a managing partner at DLJ Real Estate Capital Partners, opened Nine Orchard in 2022; it's in the process of being sold to a Texas hospitality group, McGuire Moorman Lambert (MML), that has recently hired chef April Bloomfield of Sailor in Fort Greene, to oversee all of the restaurants within their group. Eater has reached out to a representative at Tishman Speyer to find out if there are any future plans for the Lodi space. Eater NY All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
