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Marx making a Grand statement with luxury penthouse offices

by REW | October 24, 2019

The upper-most floors – 35 and 36 – will be connected with a grand staircase

Marx Realty (MNPP) announced it will transform the top five floors at its 10 Grand Central office tower into a suite of penthouse offices. 

Dubbed The Penthouse Collection, the offices can be configured as 5,000 s/f single-floor leases or combined into a 10,000 s/f duplex space or a 15,000 s/f triplex office. 

The spaces on floors 32-36 will be reinvented as “uber-luxe office spaces” designed to attract international fashion brands, financial powerhouses and technology firms.

Having signed over 178,000 s/f of new leases since the announcement of the building’s repositioning less than a year ago, Marx Realty CEO Craig Deitelzweig said the company saw the potential to bring new life to the upper floor spaces

“The next logical step after bringing our one-of-a-kind hospitality aesthetic to 10 Grand Central was to provide the ultimate office experience for high-end users,” said Deitelzweig.

The Penthouse Collection offers private elevators from the recently redesigned lobby at 10 Grand Central. Each suite will feature walnut wood finishes, herringbone hardwood floors and a private bar and café.

The upper-most floors – 35 and 36 – will be connected with a grand staircase fashioned in walnut wood and polished stone for a combined total of 10,000 s/f of space and will offer a 3,500 s/f sky garden terrace on the east side and a separate 2,400 s/f solarium on the west side. 

Ceiling heights are 20 feet and floor-to-ceiling windows offer birds eye views of the Chrysler Building. 

A fireplace and bar round out the offerings on the 36th floor. On the 32nd and 33rd floors, Marx Realty will outfit 5,000 s/f single-floor spaces that can be leased individually by separate firms or joined by a staircase to create a duplex office experience for a single user.

“This penthouse experience will be like nothing else in the New York market,” added Deitelzweig. “10 Grand Central and its game-changing hospitality aesthetic is well-known and we’re taking it up a notch with The Penthouse Collection. We’re fielding inquiries on a daily basis from some of the most elite firms in the country.”

Marx Realty has spent $48 million repositioning the entire property to include a four-story entry, seventh-floor lounge, café, terrace, and 40-seat conference space. 

The redesign was led by a Marx interior design team and David Burns, principal of Studios Architecture. 

JLL’s Cynthia Wasserberger, Sam Seiler, David Kleiner and Carlee Palmer are leading a team handling the leasing. The asking rents for the penthouses is $130 psf.

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