SL Green Realty Corp. filed a permit for a 16th-floor renovation at 245 Park Avenue in Manhattan, naming JT Magen & Company Inc. as contractor, according to a Department of Buildings permit issued October 30. The filing describes minor demolition with new partitions, doors, ceilings and finishes for Houlihan Lokey's space, with no change to use, egress or occupancy, and carries an estimated cost of $1,408,828.
The same day, a separate owner filed a permit at 125 Park Avenue for mechanical work on the 16th floor, described in DOB records as a TD Bank marketing floor, also naming JT Magen & Company as contractor. That job is filed as mechanical systems work — modifications to the existing HVAC system — at an estimated cost of $1,173,900, with no change to use, egress or occupancy.
Two different owners, two different buildings, two different trade scopes — demolition-and-finish on one floor, HVAC modification on another — landing on the same contractor's desk in the same permit batch is the kind of pattern that shows up in DOB data before it shows up anywhere else. It's a reminder that Park Avenue's office-renovation pipeline isn't one big relet story; it's dozens of floor-by-floor fit-outs moving at once, each one a standalone bid package for electrical, drywall, ceiling and mechanical subs even when the GC repeats.
Neither permit states a completion date or names subcontractors below the general contractor level. The Department of Buildings record is the only confirmation these jobs exist; neither SL Green nor the 125 Park Avenue filer has made a public statement about the scope beyond what's in the permit.