J.P. Morgan had occupied approximately 200,000 sf up until about six months ago. Also available are about 90,000 sf. Some of the vacant property within the building has been so for more than a year without clear efforts to promote it to prospective tenants.
Recently a restaurant opened in the building's concourse, which stood vavcant for more than a quarter of a century. Called Brasserie 8-1/2, Solow owns it and Restaurant Associates manages it for him. This remains the concourse's only business.
While the expected asking price is $90 per sf for most of the vacant property, some suspect that tenants will likely spend more than $100 per sf for suites on the floors with legendary views. Banc of America Securities currently rents 668,000 sf and serves as the anchor tenant.
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