Tuesday, August 6, 2013

Chrysler Building

Stainless steel crown and gargoyles, Chrysler Building, Lexington Avenue, New York
Stainless steel crown and gargoyles of the Chrysler Building
Lexington Avenue
New York, September 2008

“The government of Abu Dhabi bought a 90 percent stake in the Chrysler Building on Tuesday for $800 million from German real estate investors and Tishman Speyer. But while it might seem that the buyer, the Abu Dhabi Investment Council, got a controlling interest in the Art Deco tower, a landmark, for that kind of money, that was not the case. Despite having only a 10 percent holding, Tishman Speyer Properties will continue to control the property and manage it, much as it has since 1997, because it controls the land beneath the 77-story tower, with its trademark stainless steel crown, gargoyles and elevator cabs that evoke the chrome-laden autos of the 1930s.”

2 comments:

cieldequimper said...

This has always been my favourite NYC building!

Changes in the wind said...

It is indeed impressive...