{"id":135429,"date":"2025-08-10T22:33:14","date_gmt":"2025-08-10T22:33:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/135429\/"},"modified":"2025-08-10T22:33:14","modified_gmt":"2025-08-10T22:33:14","slug":"10-grand-central-terminal-gets-revamp","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/135429\/","title":{"rendered":"10 Grand Central Terminal gets revamp"},"content":{"rendered":"<p>When an office tower\u2019s landlord has to move its own headquarters to make room for another tenant there, it likely means the building\u2019s hot.<\/p>\n<p>It\u2019s happening at Marx Realty\u2019s 10 Grand Central, the 450,000 square-foot Art Deco property previously known as 708 Third Ave. Marx CEO Craig Deitelzweig had the idea in 2018 to ditch the then-unfashionable avenue moniker as part of a $45 million repositioning that included moving the entrance to East 44th St.<\/p>\n<p>It\u2019s\u00a0been a leasing juggernaut\u00a0ever since. Some 27,000 square feet of new deals brought its offices to more than 95% spoken for.<\/p>\n<p><img style=\"aspect-ratio:1.50146628;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"36793135\" width=\"886\" height=\"590\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/10-grand-central-terminal-gets-109373359.jpg\" alt=\"The Grand Gallery bar at Grand Central Terminal.\" class=\"wp-image-36793135\"  \/>A rendering of The Bar Car at The Meeting Galleries at 10 Grand Central Station.  Marx Realty<\/p>\n<p>Marx will expand from its current 9,000 square feet on the seventh floor to 11,000 square feet on the 11th floor. The move will make more room for 1-800-Flowers, which will move into Marx\u2019s old space from a smaller sublease on the 18th floor.<\/p>\n<p>\u201cI never saw before in my 24-year career so many tenants expanding or wanting to,\u201d Deitelzweig told us.<\/p>\n<p>Alternative asset management platform Hayfin Capital Management will relocate from the GM Building to a similar-sized, 7,000 square-foot space on 10 Grand Central\u2019s 16th floor \u2014 which became available when Teladoc expanded to the 17th floor.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-modal-image=\"36793134\" width=\"734\" height=\"490\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/10-grand-central-terminal-gets-109373365.jpg\" alt=\"Revamped Meeting Galleries at Grand Central Terminal.\" class=\"wp-image-36793134\" style=\"width:734px;height:auto;aspect-ratio:1.49707602;display:block\"  \/>A rendering of the The Meeting Galleries\u2019 The Grand Gallery at 10 GCT.  Marx Realty<\/p>\n<p>He said companies hesitated to grow during and soon after the pandemic \u201cthinking hybrid work would last forever. Now, people are in their offices four or five days a week.\u201d<\/p>\n<p>He said Marx has raised rents at 10 GCT four times in the past 12 months \u201cfrom $82 per square foot to $130,\u201d and soon to $230 on two formerly mechanical floors at the top being converted to offices with \u201call-glass\u201d surroundings.<\/p>\n<p>A new draw is The Meeting Galleries, an\u00a011,000 square-foot amenities complex of four different spaces to accommodate corporate meetings and events, including a \u201cTown Hall\u201d lounge. Seats, murals and artworks were chosen to suggest a luxury train of the 1930s.<\/p>\n","protected":false},"excerpt":{"rendered":"When an office tower\u2019s landlord has to move its own headquarters to make room for another tenant there,&hellip;\n","protected":false},"author":3,"featured_media":135430,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,64,16671,17833,405,403,5226,5225,5228,5227,7746,4329,7747,67,586,132,5230,68,2969],"class_list":{"0":"post-135429","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-business","10":"tag-grand-central-terminal","11":"tag-midtown","12":"tag-new-york","13":"tag-new-york-city","14":"tag-newyork","15":"tag-newyorkcity","16":"tag-ny","17":"tag-nyc","18":"tag-office-buildings","19":"tag-real-estate","20":"tag-realty-check","21":"tag-united-states","22":"tag-united-states-of-america","23":"tag-unitedstates","24":"tag-unitedstatesofamerica","25":"tag-us","26":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115006852680353540","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/135429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=135429"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/135429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/135430"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=135429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=135429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=135429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}