731 Lexington Avenue

731 Lexington Avenue

Company type	Mixed-use skyscraper
Industry	Real estate, Office, Residential, Retail
Founded	2004 (2004)
Headquarters	New York City , United States
Area served	Midtown Manhattan, New York City
Owner	Alexander's real estate investment trust
Parent	Vornado Realty Trust (fee developer)

731 Lexington Avenue is a mixed-use glass skyscraper situated on Lexington Avenue in Midtown Manhattan, New York City. Since its opening in 2004, it has functioned as the headquarters for Bloomberg L.P. and is commonly referred to as Bloomberg Tower. The structure houses retail outlets, dining establishments, and 105 upscale condominiums. The residential section, called One Beacon Court, features a distinct entrance.

This 55-story building reaches a roof height of , ranking it as the 40th-tallest structure in New York City and the 85th tallest across the United States as of July 2022.

Occupying the former location of an Alexander's department store, the property remains under the ownership of Alexander's real estate investment trust, which succeeded the now-defunct retail chain.

Construction and design

The project commenced in 2001, three years following the demolition of the vacant Alexander's department store. Developed by Vornado Realty Trust as the fee developer and designed by César Pelli & Associates, the building spans an entire city block bordered by Lexington and Third Avenues as well as 58th and 59th Streets. It comprises two towers rising above a steel-framed office and retail base, divided by a seven-story atrium. The courtyard linking 58th and 59th Streets draws inspiration from iconic New York landmarks such as Grand Central Terminal and Rockefeller Center, featuring glass walls that curve inward along its perimeter.

Tenants

Originally conceived as an entirely residential development, Bloomberg L.P. secured leasing rights for of office space at the tower’s base. STUDIOS Architecture crafted the workspace accommodating roughly 4,000 staff members, characterized by uniform desks arranged around a central atrium named "the Link," which overlooks the courtyard. Paul Goldberger lauded these offices in The New Yorker as "a newsroom truly designed for the electronic age." By 2011, Bloomberg had expanded its footprint by securing an additional at 731 Lexington Avenue and was planning to occupy another at the former Philip Morris building located at 120 Park Avenue. Bloomberg pays Alexander's $105 million annually in rent.

The PBS program Charlie Rose was produced within this building. Additionally, Bloomberg Television maintains its flagship studios on-site.

Retail occupants have included The Home Depot, H&M, and The Container Store. In 2006, Sirio Maccioni’s renowned Le Cirque restaurant moved here but ceased operations in 2018.

Prominent residents have included Beyoncé, former NBC Nightly News anchor Brian Williams, and Bobby Abreu. In 2010, Johnny Damon sold his condominium for $8 million, while Tina Knowles sold her unit for $5.6 million in 2011. Executives including Jack Welch and Jeffrey Immelt acquired units for $6.4 million and just over $4 million respectively. Hedge fund manager Steven A. Cohen listed his condominium for $67.5 million in 2017. Joseph Betesh, co-owner of Dr. Jay's clothing retailer, held ownership of an apartment from 2005 until selling it to VFT Investments in 2013.

Amenities

Residents enjoy concierge services managed by the London-based Quintessentially Group alongside access to "The Beacon Club," an exclusive amenity area located on the 29th floor that includes a fitness center, entertainment lounge, children's play area, and a business suite. Additional conveniences comprise a round-the-clock doorman, parking garage, and valet services.