Photo by Michael Young
After recladding:
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French bank Societe Generale SA is considering relocating its New York headquarters from its current offices at 245 Park Ave., a skyscraper that occupies an entire city block.
The Paris-based firm is seeking roughly 500,000 square feet of offices elsewhere in Manhattan, according to people familiar with the matter, who asked not to be identified because the discussions are private.
Potential new locations include Vornado Realty Trust’s 15 Penn Plaza, RXR Realty and TF Cornerstone’s 175 Park Ave. and Boston Properties and the Moinian Group’s 3 Hudson Boulevard, the people said.
Societe Generale’s lease at 245 Park expires in 2032. The firm is also contemplating staying at its current building, the people said.
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The new facade on Park Ave is now visible behind the scaffolding, and although it isn’t a new building like I imagine most people would have wanted, this podium reclad will definitely brighten up the area as all the buildings leading from The Helmsley are dark.
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