Workers at East Side Access project in 2016 via MTA’s Flickr
The Metropolitan Transportation Authority approved on Wednesday an amendment to its capital plan that allows for more than $400 million to be invested in the East Side Access, a project that began more than a decade ago. In addition to exceptional construction delays, the project’s price tag has jumped dramatically, from early estimates of roughly $2.2 billion to now over $11 billion (h/t NY Times). As a way to reduce crowds at Penn Station, East Side Access will connect the Long Island Rail Road to Grand Central Terminal.
Find out more
As part of a five-year, $210 million plan to significantly upgrade Grand Central’s subway station, developer SL Green hopes to install new staircases to the train platforms, two new street-level entrances and a refurbished mezzanine level, and a 4,000-square-foot ground-level commuter waiting area. The improvements were conceived in conjunction with the MTA and the de Blasio administration earlier this year as the first component of the Midtown East Rezoning project.
The transit upgrades must all be completed before tenants can occupy One Vanderbilt (planned for completion in January 2020), SL Green’s new 65-story office tower planned for the entire block west of Grand Central and north of East 42nd Street. Designed by Kohn Pederson Fox, the tower will be the second-tallest building in the city when completed.
More on the upgrades ahead