{{Short description|Office skyscraper in Manhattan, New York}} {{Use American English|date=September 2025}} {{Use mdy dates|date=August 2019}} {{Infobox building | name = 731 Lexington Avenue | image = Bloomberg_Tower_(55273671683).jpg | alternate_name = Bloomberg Tower<br>One Beacon Court | location = 731 Lexington Avenue, New York, NY 10022 | construction_start_date = 2001 | completion_date = 2004 | mapframe-wikidata = yes | coordinates = {{coord|40.7618|-73.9680|type:landmark_region:US-NY|display=inline,title}} | building_type = Offices<br>Retail<br>Residential | antenna_spire = {{convert|286|m|ft|abbr=on}} | roof = {{convert|246|m|ft|abbr=on}} | floor_count = 55 | elevator_count = | cost = $450.225 million (Residential) | floor_area = {{convert|1,345,489|sqft|abbr=on}} | architect = César Pelli & Associates | structural_engineer = Thornton Tomasetti | main_contractor = | developer = Vornado Realty Trust | owner = Alexander's | operator = Vornado Realty Trust | references = <ref name="NYT Background">{{cite news | last=Gregor | first=Alison | title=A Tower Goes Up, and a Neighborhood Perks Up | url=https://www.nytimes.com/2006/05/24/realestate/commercial/24tower.html | work=The New York Times | date=May 24, 2006}}</ref><ref name=construction>{{cite web | title=Top Projects Completed 2003–2004 | url=http://newyork.construction.com/projects/TopProjects04/Bloomberg.asp | publisher=McGraw Hill Construction}}</ref><ref>{{cite web | url=https://offeringplandatasearch.ag.ny.gov/REF/planFormServlet?id=CD020141 | title=Plan/Amendment | publisher=Real Estate Finance Bureau | access-date=March 29, 2018 | archive-url=https://web.archive.org/web/20180329184647/https://offeringplandatasearch.ag.ny.gov/REF/planFormServlet?id=CD020141 | archive-date=March 29, 2018 | url-status=dead }}</ref> }}
'''731 Lexington Avenue''' is a {{convert|1,345,489|sqft|abbr=on}} mixed-use glass skyscraper on Lexington Avenue, on the East Side of Midtown Manhattan, New York City.<ref>{{cite news | last=Roberts | first=Sam | url=https://www.nytimes.com/2006/07/09/nyregion/09tower.html | title=To Find 1 Beacon Court, Better Ask for Bloomberg | work=The New York Times | date=July 9, 2009}}</ref> Opened in 2004, it houses the headquarters of Bloomberg L.P. and as a result, is sometimes referred to informally as '''Bloomberg Tower'''. The building also houses retail outlets, restaurants, and 105 luxury condominiums. The residence section of the building is known as '''One Beacon Court''' and is served by a separate entrance.<ref name="NYT Background" />
731 Lexington Avenue is a 55-story building with a roof height of {{convert|806|ft|abbr=on}}. As of July 2022, it is the 40th-tallest building in New York City and the 85th-tallest building in the United States.<ref>{{cite news | last=Barbanel | first=Josh | title=Luxe but Logy | url=https://www.nytimes.com/2009/04/05/realestate/05deal1.html | work=The New York Times | date=April 3, 2009}}</ref>
The building occupies the former site of an Alexander's department store and is owned by the Alexander's real estate investment trust, the successor to the defunct retail chain.<ref name="NYT Background"/>
==Construction and design== thumb|left|One Beacon Court sign inside the atrium
Construction on the building began in 2001, three years after the vacant Alexander's department store was demolished.<ref name="NYT Background"/> The building was developed by Vornado Realty Trust, as a fee developer, with César Pelli & Associates as architect.<ref name=construction/>
The building comprises a full city block between Lexington and Third Avenues and 58th and 59th Streets. The complex features two towers constructed above a steel office and retail section, separated by a seven-story atrium.<ref name=construction/> The design of the courtyard at One Beacon Court, which connects 58th and 59th Streets, was inspired by other historic New York enclosures such as Grand Central Terminal, the reading room of the New York Public Library Main Branch, and the skating rink at Rockefeller Center; glass walls curve around the perimeter of the courtyard, tilting slightly inward as they rise.<ref>{{cite news | last=Davidson | first=Justin | title=Where the sky is no limit | url=http://www.newsday.com/lifestyle/where-the-sky-is-no-limit-1.654872 | work=Newsday |date=March 22, 2005 |url-status=dead |archive-url=https://web.archive.org/web/20200919141023/http://www.newsday.com/lifestyle/where-the-sky-is-no-limit-1.654872 |archive-date=September 19, 2020}}</ref>
==Tenants== left|thumb|Lexington Avenue entrance to Bloomberg Tower, home to Bloomberg L.P.’s headquarters Although the building was originally planned to be entirely residential, Bloomberg L.P. negotiated a deal with Vornado Realty Trust to lease {{convert|700000|sqft|abbr=on}} of office space at the base of the tower. STUDIOS Architecture did the design, which includes rows of uniform desks for approximately 4,000 employees and a large central atrium known as "the Link" that overlooks the courtyard.<ref>{{cite news | last=Gregor | first=Alison | title=SQUARE FEET: INTERVIEW -- WITH BARRY M. GOSIN; Trained in Manhattan, Graduating to the World | url=https://www.nytimes.com/2006/04/23/business/yourmoney/trained-in-manhattan-graduating-to-the-world.html?pagewanted=all | work=The New York Times | date=April 23, 2006}}</ref> Paul Goldberger, in the August 6, 2007, issue of ''The New Yorker'' magazine, lauded the Bloomberg offices as "a newsroom truly designed for the electronic age ... a dazzling work environment tucked inside a refined but conventional skyscraper."<ref>{{cite magazine | last=Goldberger | first=Paul | title=Towers of Babble | url=https://www.newyorker.com/arts/critics/skyline/2007/08/06/070806crsk_skyline_goldberger | magazine=The New Yorker | date=August 6, 2007}}</ref> By 2011, Bloomberg L.P. added another {{convert|200000|sqft|abbr=on}} of office space at 731 Lexington Avenue and announced plans to expand to an additional {{convert|400000|sqft|abbr=on}} in the former Philip Morris building at 120 Park Avenue.<ref>{{cite news | last=Bagli | first=Charles V. | title=Growing Bloomberg L.P. To Rent Half of a Tower | url=https://www.nytimes.com/2011/02/10/nyregion/10bloomberg.html | work=The New York Times | date=February 9, 2011}}</ref> Bloomberg pays Alexander's, the owner of the building, $105 million in annual rent.<ref>{{cite web | url=https://www.sec.gov/Archives/edgar/data/3499/000000349918000006/alx10-k123117.htm | title=Alexander's Inc. 2017 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}</ref>
The PBS commentary series ''Charlie Rose'' was formerly produced at 731 Lexington Avenue.<ref>{{cite web |url=http://www.charlierose.com/about |website=Charlie Rose |title=About}}</ref> Bloomberg Television also has its flagship studios in the building.
Retail tenants included The Home Depot, H&M, and The Container Store.<ref name="NYT Background"/> Sirio Maccioni's Le Cirque restaurant moved to the building from The New York Palace Hotel in 2006, but vacated in 2018.<ref>{{cite news | last=Bruni | first=Frank | title=In Defense of Decadence | url=https://www.nytimes.com/2008/02/06/dining/reviews/06rest.html | work=The New York Times | date=February 6, 2008}}</ref><ref>{{cite news | last=Cuozzo | first=Steve | title=A final goodbye to the legendary celeb haven Le Cirque | url=https://nypost.com/2017/10/17/a-final-goodbye-to-the-legendary-celeb-haven-le-cirque/ | work=New York Post | date=October 17, 2017}}</ref>
Residential tenants included Beyoncé, former NBC Nightly News anchor Brian Williams, and Bobby Abreu. Johnny Damon sold his unit for $8 million in 2010.<ref>{{cite news | url=https://ny.curbed.com/2011/3/30/10475246/johnny-damons-old-one-beacon-court-pad-back-on-the-market | archive-url=https://web.archive.org/web/20180330075845/https://ny.curbed.com/2011/3/30/10475246/johnny-damons-old-one-beacon-court-pad-back-on-the-market | url-status=dead | archive-date=March 30, 2018 | title=Johnny Damon's Old One Beacon Court Pad Back on the Market | first=Sara | last=Polsky | work=Curbed | date=March 30, 2011}}</ref> Tina Knowles sold her unit for $5.6 million in 2011.<ref>{{cite news | url=https://therealdeal.com/2011/11/18/beyonces-mom-moves-into-her-daughters-pad-at-one-beacon-court-tina-knowles-sold-her-unit-at-the-building-for-5-6-million/ | title=Beyonce's mom moves upstairs into daughter's pad at One Beacon Court | first=Leigh | last=Kamping-Carder | work=The Real Deal | date=November 18, 2011}}</ref> Jack Welch purchased a unit in the building for $6.4 million and Jeffrey Immelt paid just over $4 million for a unit.<ref>{{cite news | url=https://www.forbes.com/2005/09/09/immelt-luxuryrealestate-condos-cx_sc_0909movers_ls.html | title=BImmelt's New $4 Million NYC Pad | first=Sara | last=Clemence | work=Forbes | date=September 9, 2005}}</ref> Hedge fund manager Steven A. Cohen's unit was listed for sale for $67.5 million in 2017.<ref>{{cite news | url=https://ny.curbed.com/2017/9/5/16256732/midtown-nyc-one-beacon-court-penthouse-steve-cohen-price-reduction | archive-url=https://web.archive.org/web/20171212050110/https://ny.curbed.com/2017/9/5/16256732/midtown-nyc-one-beacon-court-penthouse-steve-cohen-price-reduction | url-status=dead | archive-date=December 12, 2017 | title=Steven Cohen's One Beacon Court penthouse is back for half its original ask | first=Ameena | last=Walker | work=Curbed | date=September 5, 2017}}</ref> Joseph Betesh, co-owner of hip hop clothing outlet Dr. Jay's, owned an apartment in the building from 2005 to 2013, which is now owned by VFT Investments.<ref>{{cite news | url=https://therealdeal.com/2013/10/25/joseph-betesh-of-dr-jays-sells-one-beacon-court-condo/ | title=Dr. Jay's owner sells One Beacon Court pad for $5.5M | last=Maurer | first=Mark | work=The Real Deal | date=October 25, 2013}}</ref>
==Amenities== Residents have access to concierge services by the London-based Quintessentially Group, as well as use of "The Beacon Club", the 29th-floor amenity space that includes a health club, entertainment suite, children's playroom and business center. Other amenities include a 24-hour doorman, garage, and valet parking.<ref>{{cite web | title=One Beacon Court | url=http://www.cityrealty.com/nyc/midtown-east/one-beacon-court-151-east-58th-street/review/27146 | first=Carter B. | last=Horsley | date=February 21, 2012 | website=CityRealty}}</ref>
==References== {{Reflist|30em}}
==External links== * {{Commonscatinline}} * {{usurped|1=[https://web.archive.org/web/20040602231456/http://www.emporis.com/en/wm/bu/?id=130987 Bloomberg Tower at Emporis]}}
{{Midtown North, Manhattan}} {{Midtown East, Manhattan}} {{Bloomberg}}
Category:59th Street (Manhattan) Category:Bloomberg L.P. Category:Buildings and structures completed in 2005 Category:César Pelli buildings Category:Leadership in Energy and Environmental Design gold certified buildings Category:Lexington Avenue Category:Mass media company headquarters in the United States Category:Midtown Manhattan Category:Residential condominiums in New York City Category:Residential skyscrapers in Manhattan Category:Skyscraper office buildings in Manhattan