{
  "id": 12875719,
  "title": "Chrysler Building to get its crown restored after being sold",
  "url": "https://urgent.news/2026/10/08/chrysler-building-to-get-its-crown-restored-after-being-sold",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-08T12:49:12.000Z",
  "source": {
    "name": "BBC Business",
    "slug": "bbc-business",
    "url": "https://www.bbc.co.uk/news/articles/c8g47z3r4dzvo?at_medium=RSS&at_campaign=rss"
  },
  "original_language": "en",
  "account": "The Chrysler Building, a prominent Art Deco skyscraper in Manhattan, is set for a major renovation as part of a multi-million-dollar sale deal. Completed in 1929, the building's Art Deco crown will be polished and restored, along with the restoration of its 77-storey façade. Tishman Speyer, the developer taking over the lease from the Cooper Union, will invest $235m (£178m) in the project. The upgrade will include the 61st floor, which houses the building's large eagle gargoyles, and will also feature an upscale lounge.\n\nThe renovation follows Tishman Speyer's \"prebuild approach,\" allowing firms to move into their new premises quickly. The development of new office space in the area has been virtually nonexistent for decades, with the Cooper Union noting that the area has one of the lowest office availability rates in Manhattan. The renovation will also involve upgrading the building's mechanical, elevator, electrical, and air handling systems.\n\nThe Chrysler Building was once the world's tallest building, standing at 1,046ft (319m). It was financed by Walter Chrysler, the motor magnate, and its construction began in 1928, completing two years later. Architect William Van Alen designed the eagle gargoyles based on hood ornaments from the 1929 Chrysler car. The Cooper Union, founded in 1859 by Peter Cooper's children, has owned the land on which the Chrysler Building stands since 1902. The ground lease payments to the Cooper Union will be used to finance a plan to restore full-tuition scholarships for all undergraduates.\n\nCooper Union President Steven McLaughlin emphasized the significance of the agreement, stating that it opens up opportunities for generations of Cooper Union students.",
  "summary": "The distinctive Manhattan skyescraper will undergo a major renovation and provide a new supply of offices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}