 In November 1997, the National Basketball Association announced plans to open their first-ever store at the base of the building, replacing bookstore B. Dalton.Brooks Brothers opened a store at the base of the building in 1998, signing a 15-year lease for at a rent of $5 million per year after Nautica backed out of the space.In 1999, Sumitomo undertook a $20 million renovation of the building's lobby and lower floors, the first since the building had been completed over 40 years earlier.