HSBC Tower (Midtown Manhattan)

For other uses, see HSBC Building.
HSBC Tower
Former names Republic National Bank of New York Building
General information
Status Complete
Architectural style Modernism
Location 452 Fifth Avenue, New York, NY 10005, United States
(1 West 39th St.)
Construction started 1980
Completed 1984
Owner Property & Building Corporation
Height
Roof 400 feet (121.9 m)
Technical details
Floor count 30
Floor area 863,000 sq ft (80,200 m2)
Design and construction
Architect Eli Attia Architects
References
[1][2]

The HSBC Tower is a 30-story office building located at 452 Fifth Avenue overlooking the New York Public Library and Bryant Park, on the southwest corner of 40th Street and Fifth Avenue in Midtown Manhattan. The building, completed in 1984, is 400 feet (121.9 m) tall and has 30 stories. Since April 2010 it is owned by Property & Building Corporation (PBC).[3] The firm bought the property from Midtown Equities and Israeli holding company IDB Group for $330 million in a lease-back deal.[4] Asking rents at this Class A building are over $100 per square foot, according to the New York Observer,[5] which make it amongst one of 80 buildings in New York City achieving triple digit rents.[6]

Originally it was planned as part of a project consisting of two symmetrical towers facing each other on either side of the avenue to create a major gateway to lower Fifth Avenue.[2] The building incorporates the new tower to three pre-existing buildings, one of which is the 10-story landmark Beaux-Arts Knox Building (1902) that served as the original headquarters for Republic National Bank of New York.[7]

Under this skyscraper is HSBC's main gold vault in America, where billions of dollars worth of gold is stored for its clients.[8]

Tenant list

HSBC Tower as seen from Bryant Park.

The building is 100% occupied.[6] Tenants include:[9]

See also

References

  1. ↑ "HSBC Tower". CTBUH Skyscraper Database.
  2. 1 2 HSBC Tower at Emporis
  3. ↑ Mashayekhi, Rey (29 May 2015). "PBC has "no intention" of selling HSBC Tower in Bryant Park". The Real Deal. Retrieved 18 April 2016.
  4. ↑ Sanders, Sarabeth (6 October 2009). "Cayre says $300M buy will be first of many". The Real Deal. Retrieved 18 April 2016.
  5. ↑ Ewing, Michael (6 December 2013). "Tilden Park Capital Management Inks at 452 Fifth Avenue". The Commercial Observer. Retrieved 2016-04-18.
  6. 1 2 Christian, Brazil Bautista (26 August 2015). "452 Fifth dimension has Israeli owners on lookout for other space". Real Estate Weekly. Retrieved 18 April 2016.
  7. ↑ "Knox Building". National Register of Historic Places. Retrieved 2016-04-18.
  8. ↑ Durden, Tyler (3 February 2013). "Why Is JPMorgan's Gold Vault, The Largest In The World, Located Next To The New York Fed's?". Zero Hedge. Retrieved 2016-04-18.
  9. ↑ "452FifthAvenue". 452 Fifth Avenue Official website. Retrieved 2016-04-18.
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Coordinates: 40°45′07.83″N 73°58′56.58″W / 40.7521750°N 73.9823833°W / 40.7521750; -73.9823833

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