Continental Center (New York City)
| Continental Center | |
|---|---|
 | |
 | |
| General information | |
| Status | Completed |
| Type | Office |
| Location | New York City, New York, United States |
| Address | 180 Maiden Lane |
| Completed | 1983 |
| Height | |
| Roof | 169 m (554 ft) |
| Technical details | |
| Floor count | 41 |
| Floor area | 1.092.537 sq ft (101.500 m²) |
| Design and construction | |
| Architect(s) | Swanke Hayden Connell Architects |
| Developer | Rockefeller Group |
The Continental Center is an office skyscraper at 180 Maiden Lane in the Financial District of Manhattan, New York City.[1][2] Built in 1983 and designed by Swanke Hayden Connell Architects, the building is 41 stories tall with a roof 554 feet (169 m) high.[1][3]
History
[edit]Originally designed for the CNA company, formerly Continental Insurance, which moved their office from 80 Maiden Lane, the building was formerly occupied by Cadwalader, Wickersham & Taft and Goldman Sachs. Ricker Auditorium, located on the mezzanine, is noted as the only perfectly square performing arts venue in Manhattan south of Pine Street. The octagonal plan of the building and the glass facade contrast with the neighboring high-rise skyscrapers, such as 120 Wall Street and One Chase Manhattan Plaza. In addition to offices, the building includes a cafeteria, an auditorium and classrooms for use by the occupants.[3]
Moinian Group paid $355 million for the building in 2004.[4][5] After Moinian had trouble paying off a loan, one of its lenders, SL Green, bought a 50% stake for $280 million in 2011.[4][6] In 2015, Clarion Partners and MHP bought the building for $470 million from Moinian Group.[7][8] The building was refinanced in 2020 with a $372 million loan.[9][10] After the loan matured, and with Clarion and MHP unable to pay back the full loan, the owners agreed to a short sale in which the building would be sold for less than the loan's face value.[11][12] 99c, an LLC associated with 161 Water Street, purchased the building in July 2024 for $297 million.[10][13]
References
[edit]- ^ a b "Continental Center - The Skyscraper Center". Council on Tall Buildings and Urban Habitat – CTBUH. Retrieved May 28, 2025.
- ^ "Emporis Continental Center". Archived from the original on June 5, 2013. Retrieved February 15, 2014.
- ^ a b "Continental Center". Wired New York. Archived from the original on September 24, 2015. Retrieved February 15, 2014.
- ^ a b Agovino, Theresa (November 13, 2011). "$280M buys SL Green half of 180 Maiden Lane". Crain's New York Business. Retrieved May 28, 2025.
- ^ Weiss, Lois (July 9, 2004). "$355M PRICE TAG FOR 180 MAIDEN LN". New York Post. Retrieved May 28, 2025.
- ^ "SL Green swoops in to help Joe Moinian at 180 Maiden Lane". The Real Deal. August 15, 2011. Retrieved May 28, 2025.
- ^ Innis, Bleejay (January 21, 2015). "Continental Center Under New Management". CoStar (in Afrikaans). Retrieved May 28, 2025.
- ^ Katz, Rayna (January 8, 2015). "Clarion and JV Partner Buy 180 Maiden Lane". GlobeSt. Retrieved May 28, 2025.
- ^ Diduch, Mary (January 3, 2020). "Clarion Partners group lands $372M refi on FiDI tower". The Real Deal. Retrieved May 28, 2025.
- ^ a b Nehring, Abigail (July 8, 2024). "Carlo Bellini's 99c Pays $297M to Buy 180 Maiden Lane". Commercial Observer. Retrieved May 28, 2025.
- ^ Larsen, Keith (January 9, 2024). "180 Maiden Lane hits market in short sale". The Real Deal. Retrieved May 28, 2025.
- ^ Wasielewski, Matt (January 25, 2024). "With Capital And Patience Dwindling, Short Sales Begin To Hit The Office Market". Bisnow. Retrieved May 28, 2025.
- ^ Iredale, Jessica (November 29, 2024). "The Price of Being Cool? A Quarter-Billion Dollars". The New York Times. ISSN 0362-4331. Archived from the original on December 4, 2024. Retrieved May 28, 2025.
External links
[edit]- A View on Cities listing for the Continental Center
- Emporis listing for the Continental Center[usurped]
40°42′18″N 74°00′19″W / 40.70511°N 74.00519°W
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