Examine individual changes

'{{Use mdy dates|date=August 2019}} {{Short description|Office skyscraper in Manhattan, New York}} {{Infobox building | name = Lipstick Building | image = Lipstick Building - Philip Johnson.jpg | image_size = 200px | caption = The Lipstick Building | location = 885 [[Third Avenue]], [[Manhattan]], [[New York (state)|New York]], United States | coordinates = {{coord|40|45|28|N|73|58|08|W|region:US_source:dewiki|display=inline,title}} | status = Completed | start_date = | completion_date = 1986 | opening = | building_type = Office | antenna_spire = | roof = {{convert|138|m|ft|abbr=on}} | top_floor = | floor_count = 34 | elevator_count = | cost = | floor_area = | architect = | structural_engineer= The Office of Irwin Cantor | main_contractor = | developer = | owner = | management = | references = }} The '''Lipstick Building''' (also known as '''53rd at Third''') is a 453-foot (138 meter) tall [[skyscraper]] located at 885 [[Third Avenue (Manhattan-Bronx)|Third Avenue]], between East [[53rd Street (Manhattan)|53rd Street]] and [[54th Street (Manhattan)|54th Street]], across from the [[Citigroup Center]] in [[Manhattan]], [[New York City]], [[United States]]. It was completed in [[1986 in architecture|1986]] and has 34 floors. The building was designed by [[John Burgee]] Architects with [[Philip Johnson]].<ref name="Johnson death">{{cite news |title=Philip Johnson, Architecture's Restless Intellect, Dies at 98 |first=Paul |last=Goldberger |url=https://www.nytimes.com/2005/01/27/arts/design/27johnson.html |newspaper=The New York Times |date=January 27, 2005 |access-date=March 13, 2010}}</ref> The building receives its name from its shape and color, which resembles a tube of [[lipstick]]. The company that owned the building, Metropolitan 885 Third Avenue LLC, filed for bankruptcy in 2010 after overpaying for the property. ==Description== At three levels the Lipstick Building's wall is [[Setback (architecture)|set back]] in response to Manhattan's zoning regulation, which requires the building to recede from the street within its spatial envelope, to increase the availability of light at street level. The result is a form that looks as though it could retract telescopically, though the floor plates are tangential to one another at the rear of the site, at the party wall. The shape, which is unusual in comparison to surrounding buildings, uses less space at the base than a regular skyscraper of [[quadrilateral]] footprint would use. This provides more room for the heavy pedestrian traffic along Third Avenue. At the base, the building stands on columns which act as an entrance for a vast [[post-modern]] hall. They are two stories high and separate the street from the nine-meter (30&nbsp;ft) high lobby. Because the elevators and emergency staircases are located to the rear of the building, this area appears hollow. The exterior of the building is a continuous wall of red Imperial [[granite]] and stainless steel. The ribbon windows are surrounded by gray frames. In between floors is a thin red band which recalls the red color of lipstick. The curvatures of the building allows light to reflect off the polished stone and stainless surfaces. ==Notable tenants and investors== The building's architects, [[John Burgee]] and [[Philip Johnson]], moved their firm there in 1986. In 1991, the two ended their partnership and Johnson moved into a smaller space in the building.<ref name="Johnson death"/> The Israeli real estate company ''Israel Financial Levers Ltd.'', owned by {{ill|Semyon Vainshtok|ru|Вайншток, Семён Михайлович}}—the former head of [[Transneft]] from 1999 to 2007 and a very close associate of [[Vladimir Putin]]—owns a 35% stake in the Lipstick Building in 2011.<ref name=VainshtokBio>{{cite news |url=https://tobevoice.ru/en/a-gess-i-m-vainshtok-fotografii-semen-vainshtok-popal-pod/ |title=And Hess and M. Weinstock photos. Semyon Weinstock came under a major criminal case. Guerrilla war of "family" oligarchs |work=Tobevoice.ru website |date=2016 |access-date=January 28, 2021}}</ref><ref>{{cite web |last=Zaslavskiy |first=Ilya G. |url=https://imrussia.org/media/pdf/Research/Ilya_Zaslavsky__How_Corrosive_Practices_from_Russia_Penetrate_and_Undermine_US_and_UK.pdf |title=Export of Corrosion: How Practices from Russia Penetrate and Undermine US and UK |work= |p=43 |date=November 16, 2013 |access-date=January 28, 2021}}</ref>{{efn|Vainshtok's surname is also spelled ''Weinstock''.<ref name=VainshtokBio/>}} [[Bernard L. Madoff Investment Securities]] leased the 17th through 19th floors. Madoff operated his [[Madoff investment scandal|$65 billion Ponzi scheme]] from the 17th floor, which was occupied by no more than 24 employees.<ref>{{cite news |title=The 17th Floor, Where Wealth Went to Vanish |first=Diana B. |last=Henriques |first2=Alex |last2=Berenson |url=https://www.nytimes.com/2008/12/15/business/15madoff.html |newspaper=The New York Times |date=December 14, 2008 |access-date=March 13, 2010}}</ref><ref>{{cite news |title=Marshals Arrive, Ruth Madoff Leaves as Manhattan Home Is Seized |first=David |last=Glovin |first2=Erik |last2=Larson |first3=David M. |last3=Levitt |url=https://www.bloomberg.com/apps/news?pid=20601103&sid=aaibnmM6h.Ks |work=Bloomberg.com |date=July 3, 2009 |access-date=March 13, 2010}}</ref> In 2011, an art exhibition occupied the 14th and 15th floors of the building. Participating artists not only brought in their own works and materials, but also used the extant structures and forgotten possessions of the previous tenants to create new art exhibits.<ref>{{cite news |title=The Cubicle Is a Canvas at a Midtown Art Show |first=Adriane |last=Quinlan |url=http://cityroom.blogs.nytimes.com/2011/07/15/office-art-show/ |work=City Room |date=July 15, 2011 |access-date=2011-07-31}}</ref> The location is now identified as the name building for its largest tenant, international law firm [[Latham & Watkins]].<ref>{{cite news|title=Lipstick Building lands new financial tenant|url=http://rew-online.com/2015/04/08/lipstick-building-lands-new-financial-tenant/|access-date=February 7, 2016|newspaper=Real Estate Weekly|date=April 8, 2015}}</ref> In April 2013, the law firm [[LeClairRyan]] consolidated its two New York City offices on the 16th floor.<ref>{{cite news|last1=Delaporte|first1=Gus|title=Law Firm Suites Signs Sublease at 830 Third Avenue|url=https://commercialobserver.com/2014/05/law-firm-suites-signs-sublease-at-830-third-avenue/|access-date=February 7, 2016|newspaper=Commercial Observer|date=May 16, 2014}}</ref> In December 2020, Reitler, a New York-based full service boutique law firm, renewed and expanded its presence in the iconic New York landmark Lipstick Building through 2033. Under its new lease with SL Green Realty Corp., brokered by Newmark Knight Frank, Reitler will occupy the full 20th and 21st floors, providing it with over 32,000 square feet and ample room for the continued growth of its national headquarters in New York City.<ref>{{Cite web|date=2020-12-07|title=SL Green Inks 393,000 Square Feet of Leases During the Fourth Quarter|url=https://www.businesswire.com/news/home/20201207005275/en/SL-Green-Inks-393000-Square-Feet-of-Leases-During-the-Fourth-Quarter|access-date=2021-02-01|website=www.businesswire.com|language=en}}</ref><ref>{{Cite web|title=SL Green Inks 393,000 Square Feet of Leases During the Fourth Quarter|url=https://finance.yahoo.com/news/sl-green-inks-393-000-124500805.html|access-date=2021-02-01|website=finance.yahoo.com|language=en-US}}</ref> ==Notes== {{Notelist}} ==References== {{reflist}} *{{cite book|author=Antonino Terranova|title=Skyscrapers|year=2003|publisher=White Star Publishers|isbn=88-8095-230-7|url-access=registration|url=https://archive.org/details/skyscrapers0000terr}} * Dirk Stichweh: ''New York Skyscrapers''. Prestel Verlag, München 2009, {{ISBN|3-7913-4054-9}} ==External links== {{commons category|Lipstick Building}} *[http://www.emporis.com/en/wm/bu/?id=114943 Emporis.com] - Building ID 114943 * {{Structurae|id=20000252|title=Lipstick Building}} {{Midtown North, Manhattan}} [[Category:Skyscraper office buildings in Manhattan]] [[Category:John Burgee buildings]] [[Category:Office buildings completed in 1986]] [[Category:Philip Johnson buildings]] [[Category:Midtown Manhattan]] [[Category:1986 establishments in New York (state)]] [[Category:Third Avenue]]'