Hurricane Sandy and recent history
In October 2012, the building was heavily damaged by Hurricane Sandy when an estimated 28 e6usgal of water flooded the lower levels of the building. The retail concourse was submerged and needed to be completely gut-renovated. Office tenants were allowed to return starting November 17, 2012, and the retail concourse reopened in the winter of 2014.[21]
In March 2014, the National Association of Insurance Commissioners moved their headquarters to a 19,218 sqft space on the building's 42nd floor.[22] Around the same time, Revlon moved into 91,164 sqft on the top two floors of the building that had previously served as Goldman Sachs' trading floors.[23] The same year, architectural design firm Davis Brody Bond also moved into 26,354 sqft on the 42nd floor, the National Futures Association took 36,000 sqft on the 43rd floor, and WellCare signed a lease for 68,323 sqft.[24][25] Macmillan Publishers signed the largest deal of the year at the building, taking 176,121 sqft across the 45th through 48th floors for their Science and Education division.[26] After the flurry of deals, the building ended the year 99% occupied.[25]
The building's retail concourse reopened in the winter of 2015 after a three year, $14 million redesign.[27] New tenants in the space included Starbucks, Chipotle Mexican Grill, Chopt, and Gateway Newstands.[28]
In March 2016, Wells Fargo provided a $750 million mortgage on the building.[19] Two months later, the China Investment Corporation (CIC), a sovereign wealth fund, paid $700 million for a 49% stake in the building from Brookfield, valuing the property at over $1.4 billion.[29][30] At the end of the year, AEW Capital Management acquired a roughly 15% stake from Brookfield for $232.2 million at the same $1.4 billion valuation.[31][32] Brookfield refinanced the building in December 2020 with a $835 million mortgage from BMO Harris Bank, Goldman Sachs, and Wells Fargo, replacing Wells Fargo's earlier mortgage.[33] In April 2022, Brookfield and CIC placed One New York Plaza for sale,
