277 Park Avenue

also 500 Lexington Avenue, 101 East 47th Street, 100 East 48th Street | East Midtown | built 1963

Open on the map6 entries

Written with AI from the source each entry cites, then fact-checked.

  1. 1870

    The railroad takes the Kip family's land here by eminent domain for $212,500 in the 1870s

    The land where 277 Park Avenue now stands, between East 47th and 48th Streets, belonged to Elizabeth Goelet Kip and her son George Goelet Kip. During the 1870s expansion of Grand Central Depot, a protracted legal battle ended with eminent domain forcing Elizabeth Kip to sell it for $212,500 to the New York and Harlem Railroad. This entry concerns the site, long before the present tower.

    “In the 1870s, as part of the expansion of nearby Grand Central Depot, the land was subject to a protracted legal battle…”

    Source: Wikipedia

  2. 1960

    John F. Kennedy's presidential campaign rents offices on the site

    Before the current tower rose, an apartment building designed by McKim, Mead & White stood at 277 Park Avenue. One tenant was John F. Kennedy's 1960 presidential campaign, which kept offices there during his run for the White House.

    Source: Wikipedia

  3. 1964

    July 13

    277 Park Avenue opens as a 50-story bank tower

    Developer Stanley Stahl's 687-foot tower, designed by Emery Roth & Sons in the International Style, opened on July 13, 1964, rising 50 stories on the east side of Park Avenue between 47th and 48th Streets.

    Source: Wikipedia

  4. 1979

    Chemical Bank moves its headquarters to 277 Park Avenue after half a century at 165 Broadway

    In 1979, under chairman Donald Platten, Chemical Bank moved its headquarters to 277 Park Avenue. The bank had moved into a six-story building at 165 Broadway, near Cortlandt Street, when it was completed in 1928, and its headquarters stayed there for more than fifty years. In 1991 it crossed Park Avenue to the former Manufacturers Hanover headquarters at 270 Park Avenue.

    Source: Wikipedia

  5. 2022

    A $120 million upgrade adds new lobbies and a fitness center, and leases follow

    By late 2022 the Stahl Organization had completed a $120 million improvement program at 277 Park Avenue that added a new entrance and Park Avenue lobby, a redesigned Lexington Avenue lobby, a fitness center and dining by chef David Burke. Leasing picked up: M&T Bank took 93,000 square feet to relocate its regional headquarters from 350 Park Avenue, and six leases signed over 18 months totaled 270,000 square feet.

    Source: therealdeal.com

  6. 2024

    August

    Stahl refinances 277 Park with a $750 million loan after adding $250 million of its own money

    In August 2024 the Stahl Organization closed a $750 million refinancing from a Deutsche Bank subsidiary, but it had to put in $250 million for building improvements to secure the loan. That came on top of $120 million already spent on renovations that included new lobbies. The tower, which Stahl has owned for more than six decades, was 97 percent leased, with JPMorgan, Visa and M&T Bank among its tenants.

    Source: therealdeal.com

Further reading

Nearby

All 43 buildings with stories in East Midtown