Madison Avenue

North-south avenue in Manhattan

Follow Madison Avenue on Notably News to receive short updates to your email — rarely!

We include updates on One Vanderbilt, Metropolitan Life Insurance Company Tower, Morgan Library & Museum, Lotte New York Palace Hotel, Fuller Building, New York Life Building, Metropolitan Life North Building, Villard Houses, Gertrude Rhinelander Waldo House, The Quilted Giraffe, Philippine Independence Day Parade, Lefcourt Colonial Building, M1, M2, M3, and M4 buses, Weylin Hotel, DuMont Building, Florian Papp ... and more.

April 2025
383 Madison Avenue
JPMorgan announced plans to convert the lobby into an open-air extension of the adjacent sidewalk.
March 2025 Most employees of the Roosevelt Hotel are laid off following the shelter closure announcement.
February 2025 Mayor Adams announces the closure of the migrant shelter at the Roosevelt Hotel, scheduled for June, after processing over 173,000 migrants.
January 2025
383 Madison Avenue
JPMorgan Chase hired Foster and Partners to design a renovation of 383 Madison Avenue.
2024 Celebrated 100th anniversary as a public institution.
2024 Museum staff discovered an unpublished waltz by Frédéric Chopin, dating from the 1830s, within the library's collection.
2024 Heiress Katharine Rayner donated $10 million to endow the director's position, which was renamed in her honor.
April 2024 The migrant intake center at the Roosevelt Hotel has served 130,000 people.
February 2024 Jones Lang LaSalle is selected as the real estate brokerage for the Roosevelt Hotel site by Pakistani officials.
January 2024 The museum began offering free admission to college students on the first Sunday of each month.
2023 Began raising $50 million for its centennial, including $35 million for endowment and $15 million for capital improvements.
2023 The Morgan Library & Museum, along with several other institutions, surrendered seven Egon Schiele paintings after the New York County District Attorney determined they were looted from Fritz Grünbaum's collection during the Holocaust.
September 2023 Pakistani officials review four proposals for the redevelopment of the Roosevelt Hotel.
May 15 2023 New York City opens a welcome center at the Roosevelt Hotel for migrant housing, initially activating 175 rooms of a planned 850-room shelter, becoming the city's ninth Humanitarian Emergency Response and Relief Center.
January 2023 Pakistani officials indicated they would not sell the hotel, instead planning to form a joint venture to operate it, with the hotel's future still uncertain due to ongoing legal issues.
2022 Final documented renovations were completed at the Morgan Library & Museum.
August 2022 The Qatar Investment Authority expressed interest in purchasing a 25 percent stake in the hotel, which was denied by Pakistan's aviation minister.
June 2022 New garden designed by Todd Longstaffe-Gowan opened to the public.
2021 Katapult, an ERA portfolio company, was acquired by a SPAC, achieving a $1 billion valuation and becoming publicly traded on NASDAQ under ticker KPLT.
2021 TripleLift, another ERA portfolio company, sold a majority stake to Vista Equity Partners, valuing the company at $1.4 billion.
November 2021 PIA began paying severance to approximately 500 furloughed workers after previous delays in payment.
2020 The Roosevelt Hotel closed due to financial losses associated with the COVID-19 pandemic.
2020 During the COVID-19 pandemic, ERA conducted Demo Days online via live streamed videoconferences, adapting their traditional investor pitch event to the virtual format.
2020 Forbes 30 Under 30 - Retail & Ecommerce list featured Yuni Sameshima and Joey Petracca, cofounders of Chicory.
December 18 2020 The Roosevelt Hotel officially closed, with the Pakistani Air Ministry refusing to disclose future plans for the property.
October 2020 PIA announced the permanent closure of the Roosevelt Hotel due to continued financial losses from the pandemic.
September 2020 Pakistan's Economic Coordination Council provided $142 million to the Roosevelt Hotel Corporation to settle outstanding debts and pay employee severance.
September 2020 Museum reopened after COVID-19 pandemic closure.
July 2020 Pakistan's Aviation Division officials indicated the hotel might close permanently in December, as it was losing $37 million annually. The Cabinet Committee on Privatization decided to run the hotel through a joint venture.
March 2020 With the onset of the COVID-19 pandemic, most of the Roosevelt Hotel's employees were furloughed and occupancy rates dropped significantly.
March 2020 Museum temporarily closed due to the COVID-19 pandemic.
2019
383 Madison Avenue
When demolition of JPMorgan Chase's world headquarters at 270 Park Avenue commenced, the bank temporarily relocated its headquarters to 383 Madison Avenue.
2019 An Italian prosecutor claimed that the museum hosted a sacramentary stolen in 1925 from the municipality of Apiro.
2019 Fox Business News television broadcast an interview with the cofounders of With Clarity.
2019 Crain's New York Business magazine ranked ERA as the #1 most active venture capital firm in the New York metropolitan area, completing 27 investments and ranking fifth in funding round dollars with $47.2 million.
2019 Six ERA alumni companies made it onto Inc. Magazine's 5000 list, with Fund That Flip placing #42 with 3-year revenue growth of 6,018%.
February 2019 Announced plans to renovate the main building's facade with Integrated Conservation Resources.
2018 PIA refinanced the Roosevelt, obtaining a $105 million mortgage loan from JPMorgan Chase.
2018 Young Alfred, a machine learning AI-powered licensed digital broker, received $10 million in funding a few months after graduating from the ERA winter 2018 accelerator program, as reported by The Wall Street Journal.
February 2018
383 Madison Avenue
JPMorgan Chase announced plans to demolish 270 Park Avenue and build a new JPMorgan Chase Tower, using 383 Madison Avenue as a temporary headquarters during the project.
2017 PIA proposed selling the Roosevelt as part of a plan to raise $3.5 billion. Venture capitalist Shahal M. Khan expressed interest in buying the hotel for at least $500 million.
2015 Colin Bailey was appointed as the new director of the Morgan Library & Museum.
2015 Fund That Flip graduated from ERA's summer accelerator program.
2015 Start of a 3-year period (2015-2018) where the Financial Times ranked two ERA alumni startups (With Clarity, Fund That Flip) in the top 5% of independent Western Hemisphere companies based on organic CAGR.
2014 Griswold resigned as the Morgan's director.
2014 Forbes ranked PublicStuff #85 in its America's Most Promising Companies list.
2013 Cofounders of Consignd and VocalizeLocal from the ERA winter 2013 cohort later joined forces to create Casper, a $400 million e-commerce unicorn.
2013 PublicStuff expanded its customer footprint into the San Francisco Bay Area, with their iHelp app declared 'a huge success' by the Daly City planner.
2013 Forbes highlighted PublicStuff's founder Lily Liu as having built an 'outstanding company'.

We are only showing the most recent entries for this topic.

This contents of the box above is based on material from the Wikipedia articles Roosevelt Hotel (Manhattan), Morgan Library & Museum, 383 Madison Avenue & Entrepreneurs Roundtable Accelerator, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

See Also