News: Owners Developers & Managers

Jones Lang LaSalle project manager for $500m Madison Square Garden renovation

Madison Square Garden has secured one of the world's leading real estate and facility management companies in the world, Jones Lang LaSalle, as the overall project manager for the arena's renovation project, slated to begin construction in spring, 2009. As project manager, Jones Lang LaSalle will work with the Garden to oversee all aspects of the renovation, from managing related personnel to establishing and managing the project's timeline, to creation of the overall budget and financial controls, to coordinating the activities of several dozen consultants and construction partners over the renovation period. Madison Square Garden has also selected international construction leader, Skanska, as construction manager for the arena's renovation project.  Skanska will be responsible for pre-construction and construction management services throughout the project in conjunction with Jones Lang LaSalle. The Madison Square Garden renovation is a $500 million construction project that will transform the current Garden into a state-of-the-art venue that will enhance the experience of customers, sponsors, entertainers and athletes.  Utilizing existing space on the Garden's current footprint, the renovation will enhance all customer-related areas, including a dramatically redesigned 7th Ave. entrance; new, more comfortable seats, with significantly better sightlines; new, wider and more spacious public concourses open to the arena bowl, with spectacular views to the city; state-of-the-art lighting, sound and LED video systems in HDTV; new food and beverage options and a greater selection in all hospitality areas; 68 new mid-level suites that are 50% larger than current suites and half the distance to events; 20 new floor-level suites that are on the same level as the playing surface and provide direct access to the best seats in the house; improved dressing rooms, locker rooms, green rooms and production offices for athletes and performers; a new fan party deck in the upper level with expanded and improved hospitality areas that replace the existing upper suites; many additional new restrooms, with 50% more dedicated space and restoration of MSG's world famous ceiling. The renovation, which is being paid for in its entirety by Madison Square Garden, is scheduled to be completed in time for the 2011-2012 seasons.  The Garden will continue to be operational during the renovation period.   Brisbin Brook Beynon is the project's architect.
MORE FROM Owners Developers & Managers

Eight things every new NYC apartment board member should do in their first 100 days in office - by Yotam Cohen

Most people join their board because they care. They’re volunteering nights and weekends to make their building safer, smarter, and friendlier. Those first 100 days are when that fresh energy can do the most good. Homeowners spend more than 60% of their lives inside their buildings, so every early decision — good or bad — echoes through bedrooms, hallways, and common spaces.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The CRE content gap: Why owners and brokers need better digital narratives in 2026 - by Kimberly Zar Bloorian

The CRE content gap: Why owners and brokers need better digital narratives in 2026 - by Kimberly Zar Bloorian

As we head into 2026, one thing is clear: deals aren’t won by who has the best asset; they’re won by who presents it best. Yet many owners, operators, and brokers are entering the new year with outdated photos, inconsistent branding, and limited digital presence. This
Strategies for turning around COVID-distressed properties - by Carmelo Milio

Strategies for turning around COVID-distressed properties - by Carmelo Milio

Due to the ongoing pandemic, many landlords are faced with an increasing number of distressed properties. The dramatic increase in unemployment and reduction in income for so many has led to a mass exodus out of Manhattan, an increase in the number of empty rental units