View Full Version : Chrysler's Cloud Club For Sale

August 13th, 2003, 05:13 AM
August 13, 2003 * *-- *The Chrysler Building's triplex Cloud Club is back on the market now that DaimlerChrysler has cut a deal to walk away.

When it opened in 1930 as the world's tallest building, the architectural masterpiece filled with automotive imagery was the personal symbol of Walter P. Chrysler. Chrysler, who founded his company just five years before, would meet with his posse for cigars in their Cloud Club board room - on the 66th, 67th and 68th floors of the 77-story art deco tower.

In the economic heyday of spring 2000, it seemed like a great idea for the now-German-owned company's execs to return to their roots in one of the city's loftiest view suites, plunking down $100 bucks a square foot for the privilege. But alas, the market immediately took a free fall and Chrysler never moved in.

Since then, the company had been trying to snare a sublessor, at one point offering up a Mercedes-Benz to the broker who lured in a new tenant.

Building owner Tishman Speyer recently agreed to a lease buyout for the full amount of the remaining rent - some $12 million. Now it has listed the three floors, totaling 18,883 square feet, with an asking rent of $60 a square foot - a full $40 less than three years ago.

Sources said Tishman Speyer wants to find a unique tenant for the tower. Company executives declined to comment.

"It's one of those great, unusual New York spaces - it's the top of the spire," said Andrew Goldberg of CBRE. Goldberg, along with Eric Gelber and Loren Baron of CBRE, acted as Tishman Speyer's brokers for the Capital Grille restaurant, which leased the street-level Trylons area in the Chrysler Center.


August 13th, 2003, 10:23 AM
I just want to be able to dress up and take my girlfriend there for a nice dinner and some drinks.

August 13th, 2003, 11:12 AM
That's right.
A fancy restaurant would be a good idea.

TLOZ Link5
August 13th, 2003, 05:38 PM
The upper floors are much smaller than in the rest of the building, obviously. *However, a restaurant conversion would make this a good chance to build a very intimate, world-class aerie. *Reminiscent of the glory days of the New York skyscraper.

August 13th, 2003, 07:30 PM
NYC needs a fine dining place in the clouds to fill the void left by the demise of Windows on the World. *

However, a good restaurant would use the historical and architectural legacy of the Cloud Club to create an unique experience, and not a copy of Windows. Hopefully Windows will rise again in the Freedom Tower, until then a new Cloud Club would look over the city.

August 14th, 2003, 11:46 AM
Ah, the happy hours we could have. *Windows was great, wasn't it.

August 14th, 2003, 11:49 AM
The cloud club isn't really big enough or have the appropriate layout for a restaurant.

August 14th, 2003, 01:32 PM
How about using it and a couple of floors below. Who wants to work in 70-year-old offices anyway ?

August 14th, 2003, 01:40 PM
Yeah, use the smaller floors for the bar - the club it once was, except public.

August 14th, 2003, 01:48 PM
The image of cigar chomping power brokers sipping brandy seems to be my idea of what the cloud club was. *If there were a multistoried bar, the top floor should be a real cloud club; clouds of fine cigar smoke. *