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Owner Set to Roll Out Chase Manhattan Plaza Overhaul

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Chinese company Fosun International Ltd., which bought the landmarked One Chase Manhattan Plaza from JP Morgan Chase for $725 million in December of 2013, is present its proposed renovation of the iconic building to the public for the first time this evening, at a Community Board 1 meeting. But ahead of that, the Wall Street Journal has published a couple renderings, which were drawn up by Skidmore, Owings & Merrill, as well as some details of the planned overhaul. Fosun plans to put between $100 million and $200 million into a thorough overhaul of the tower and the plaza, adding more than 175,000 square feet of retail space, including 130,000 square feet three levels below ground. Fosun wants to replace the black granite at the base of the building with glass storefronts (naturally) and add a bunch of new entrances. More details should become available soon.

· A Landmark Office Tower in Lower Manhattan Reimagined [WSJ]
· New Owner Plans Big Changes for Chase Manhattan Plaza [Curbed]