Global Holdings Completes $30M Renovation of 99 Park Avenue

• A $30 million renovation and repositioning project has been completed at 99 Park Avenue in Midtown Manhattan.
• The 600,000-square-foot, 26-story office tower is currently 97% leased.
• Upgrades include a redesigned lobby, enhanced building façade, and a new tenant amenity center called Below Park.
• The property is owned by Global Holdings and the renovation was designed by Vocon.

What Was Included in the Renovation Project

A major $30 million capital improvement program has been completed at 99 Park Avenue, a Class A office tower in Midtown Manhattan. Developed by Global Holdings and designed by Vocon, the renovation focused on modernizing the building while preserving its historic character. Located between East 39th and East 40th Streets, the 26-story tower contains approximately 600,000 square feet of office space and is currently 97 percent leased. Recent tenants include Cerity Partners and Southern Land Company, reflecting continued demand for high-quality office space in the Grand Central submarket.

What Changes Were Made to the Building

The renovation introduced a redesigned arrival experience centered around a new double-height storefront and lobby. The improvements were designed to increase natural light, enhance visibility along Park Avenue, and create a more welcoming entrance for tenants and visitors. The updated metal-and-glass façade complements the surrounding streetscape while reinforcing the building's architectural identity. Inside, the lobby and common areas feature warm wood finishes, custom upholstery, metal detailing, and sculptural lighting elements that create a hospitality-inspired atmosphere.

What Amenities Are Available at Below Park

A key feature of the repositioning is Below Park, a newly created amenity center located on the building's lower level. The space was designed as an extension of the modern workplace, offering areas for collaboration, meetings, and social gatherings. Amenities include a speakeasy-style bar, a 24-person boardroom, lounge seating, café-style furnishings, gaming areas, and a golf simulator. The flexible layout allows tenants to use the space for both business and recreational purposes, helping enhance the overall workplace experience.

What the Location Offers for Office Tenants

99 Park Avenue benefits from a prime Midtown location just steps from Grand Central Terminal. The property provides convenient access to the 4, 5, 6, 7, and S subway lines, as well as Metro-North Railroad service. Its proximity to one of New York City's busiest transportation hubs continues to make the building attractive to office tenants seeking accessibility, modern amenities, and a prestigious Park Avenue address. Located at 99 Park Avenue in Midtown Manhattan, the building contains approximately 600,000 square feet of Class A office space across 26 stories. The property is owned by Global Holdings, the renovation was designed by Vocon, and the completed repositioning program has brought the tower to 97 percent occupancy.