Tishman Speyer and Metlife today announced they will be converting the MetLife signs atop 200 Park Avenue, known as MetLife Building, from neon lights to energy efficient LED lights, with installations set to begin this week. Tishman Speyer owns and manages the building, and MetLife owns the rights to the famous MetLife signs.
“The MetLife sign update is part of both Tishman Speyer and MetLife's ongoing sustainability programs. Tishman Speyer’s sustainability efforts reach all parts of the firm and buildings we develop, own and manage around the world,” said Chris Shehadeh, Senior Managing Director, Tishman Speyer. “These signs are known to every New Yorker, and seen around the world – they’re true icons. With the new lighting, they’ll be much more energy efficient while maintaining the iconic look.”
The new LED lights will require less maintenance and reduce power consumption by 60%, while maintaining the same brightness and color. They will provide greater reliability and performance, and lower overall costs. The new technology will also be able to withstand bad weather.
“MetLife is committed to reducing energy consumption and optimizing our buildings’ environmental performance across our global portfolio,” said Joe Sprouls, MetLife executive vice president and head of Global Corporate Services. “The MetLife sign at 200 Park is one of New York City’s icons and we’re proud to ensure that it will be using the latest energy-efficient technologies.”
During the installation process, the signs of the building will be temporarily dark to allow proper and safe procedures.
MetLife is a leader on environmental issues, having recently announced that it is on track to become the first U.S. based insurer to become carbon neutral in 2016. MetLife also established ambitious energy and emissions reduction goals across their global offices, and was recognized for these goals at the Climate Leadership Awards Ceremony as the recipient of the Award for Excellence in Greenhouse Gas Management Goal Setting. This award is sponsored by the U.S. Environmental Protection Agency and two environmental non-profits, C2ES and The Climate Registry. MetLife has expanded their green building portfolio and building performance with new green technol¬ogies. Their corporate portfolio now includes 17 LEED-certified buildings globally, and one hundred percent of the company’s U.S. owned and operated offices are ENERGY STAR certified.
Two-hundred Park Avenue is a 58-story building built in 1963 and centrally located in the core of Midtown Manhattan, between Grand Central Terminal and East 45th Street, overlooking Park Avenue. It was designed by Emery Roth & Sons, Pietro Belluschi and Walter Gropius. The iconic MetLife signage atop the tower measures 22 x 22 feet, with the two upper-case characters weighing 4,000 pounds apiece.
About Tishman Speyer (www.tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and fund manager of first-class real estate around the world. Founded in 1978, Tishman Speyer is active across the United States, Europe, Latin America and Asia, building and managing premier office, residential and retail space in key global markets for industry-leading tenants. The firm has acquired, developed and operated a portfolio approximately 140.1 million square feet with a total value of approximately US$76.1 billion spread over 276 investments involving 380 properties. Signature assets include New York City’s Rockefeller Center and Chrysler Center, São Paulo’s Torre Norte, The Springs in Shanghai and OpernTurm in Frankfurt. Tishman Speyer currently has projects at different stages of development in Atlanta, Boston, Brasília, Chengdu, Frankfurt, Gurgaon, Hyderabad, Los Angeles, New York City, Paris, Rio de Janeiro, San Francisco, São Paulo, Shanghai, Suzhou and Washington, DC.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.