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Empire State Realty Trust, Inc. reports developments as a New York City-focused REIT with office, retail and multifamily assets and a separate Observatory business at the Empire State Building. Recurring updates include quarterly results, leasing and tenant amenity investments, NYC retail acquisitions and property financing, and capital recycling within its real estate portfolio.
The company's announcements also include Empire State Building Observatory programming, seasonal visitor experiences, health and safety certifications, energy efficiency and indoor environmental quality initiatives, and investor conference participation. These themes connect ESRT's real estate operations with the visitor-facing Observatory segment and its portfolio strategy in Manhattan and Brooklyn.
The Empire State Building Observatory launched its ninth annual photo contest on September 10, 2020, inviting amateur photographers from the U.S. to submit their best shots of the iconic structure. The contest features public voting for the Grand Prize, which includes $5,000 and two FlyNYON flight tickets. Submissions are accepted until November 5, 2020. Winners will be chosen from eight categories, emphasizing diverse photography styles. The recent $165 million renovation enhances the visitor experience, making the Observatory a prime attraction in New York City.
The Empire State Building (ESB) will reopen its Observatory on July 20, 2020, following New York's Phase 4 guidelines. Over 100 employees are being recalled for training in new safety protocols. The Observatory, recently revamped at a cost of $165 million, will operate at reduced capacity, limiting visitors to 500 at a time. Safety measures include contactless temperature checks, mandatory facial coverings, and enhanced air quality standards. The reopening aims to provide a unique experience for New Yorkers while ensuring compliance with health regulations.
Empire State Building hosted its first synchronized fireworks display on July 4, 2020, marking a historic event for New York City. Fireworks were launched from its 72nd, 103rd floors, and 86th Floor Observation Deck, synchronized to the music of Frank Sinatra’s 'New York, New York.' The show was part of Macy's Annual Fireworks Spectacular, designed by lighting expert Marc Brickman. Empire State Realty Trust announced the upcoming opening of its $165 million observatory, focusing on environmental quality, enhancing the visitor experience as NYC reopens.