Empire state of mind

He may not be making friends with fellow moguls or politicians, but Tony Malkin is bringing NYC's most iconic tower back to its glory days
By Adam Piore | April 06, 2011 06:47PM

From the April issue: How do you transform a 2.9 million-square-foot building leased out to hundreds of puny renters with names like “Round the Clock Socks and Hosiery” and “Grandma Sylvia’s Funeral” into a state-of-the-art office building with a roster of high-quality, big-money international tenants?

That was the question facing Tony Malkin when he and his father, Peter Malkin, finally removed Helmsley-Spear as managing and leasing agent of the 75-year-old Empire State Building in 2006.

It was a challenge for the ages — compounded by years of infighting between the tower’s previous owners and tabloid headlines pushed by Donald Trump alleging rodent problems and elevator malfunctions. As if that wasn’t enough, the building’s infrastructure, as Malkin put it, was designed before the advent of “copy machines, faxes and computers.”

The Empire State Building may have been the world’s most famous office building, but in the New York real estate industry, it was becoming famous for the wrong reasons.

Lately, however, that’s begun to change. [more]


2 Responses to “Empire state of mind”

  1. March 07, 2012 at 12:55 am, Cafe Europa | Empire State Realty Trust | Malkin Holdings said:

    […] recent years, Malkin Holdings’ father-and-son team Tony and Peter Malkin have been angling to transform the 2.9 million-square-foot building, once […]

  2. March 12, 2012 at 10:18 am, Cafe Europa | Empire State Realty Trust | Malkin Holdings | Посты said:

    […] recent years, Malkin Holdings’ father-and-son team Tony and Peter Malkin have been angling to transform the 2.9 million-square-foot building, once […]