RXR Realty finishes $7.4M tenant build-out at Helmsley Building

RXR Realty, on March 8, formally completed a $7.4 million tenant build-out for the financial services firm INTL FCStone at the Helmsley Building at 230 Park Avenue in Grand Central.

The plans, pre-filed on July 30, 2020, call for a renovation of the 420-foot tall, 35-story building.

The project is described in the filings as: general construction modifications on the 10th floor and installation of MEP equipment support. New supplements steel grillage embedded in the existing non-structural topping slab. New unitrust framing attached to ceiling framing for light equipment support taking place as per plans filed herewith. No change in use, egress or occupancy. The initial cost as reported in the DOB filing for the work described in this permit application is $7,354,889.

Ted Moudis Associates is the architect named.

Last year the global brokerage and financial services firm signed a lease for the entire 73,000-square-foot 10th floor of the building. The Fortune 500 company had previously operated out of two offices at 155 East 44th Street and 530 Fifth Avenue, before deciding to consolidate in RXR’s tower. Other high profile tenants include 5W Public Relations, Cornell University, Comerica Bank, Encyclopædia Britannica, and LexisNexis.

The property was acquired for $1.2 billion on May 5, 2015. RXR purchased it, with the help of a $785 million acquisition loan from American International Group, from a partnership between Monday Properties, Invesco and South Korea’s National Pension Service.

Blackstone Group holds a minority stake in the tower.

Direct link to Acris document. LINK

Direct link to DOB document. LINK