Observation Deck

Architecture, Major Developments, Midtown East, New Developments

SL Green says One Vanderbilt will bring in $200M a year

By Michelle Cohen, Fri, January 27, 2017

SL Green Realty CEO Marc Holliday said Thursday that the midtown office tower One Vanderbilt is expected to pull in as much as $198 million a year in net operating income when complete in 2020 and fully leased, The Real Deal reports. That figure, in 2028 dollars, likely includes $42 million in admission fees for the building’s planned observation deck and is based on the assumption that the tower will be leased out at an average of $155 per square foot. If realized, that figure would put the 1.7-million-square-foot, 1,401-foot-tall tower in a league with some of the the city’s significantly larger trophy properties.

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Architecture, Major Developments, Midtown East, New Developments

One Vanderbilt confirms 1,020-foot observation deck

By Dana Schulz, Mon, December 5, 2016

It’s been almost a year since 6sqft first heard inklings that One Vanderbilt–the city’s second tallest tower–would offer a sky-high observation deck, and now that developer SL Green has secured $1.5 billion in construction financing and broken ground on the 1,401-foot supertall, they’e confirmed that the tower will, in fact, have an sky deck. Bloomberg reports that the viewing platform will be located at the 1,020-foot mark, which will make it the third-highest indoor-outdoor observatory in the city after the forthcoming 1,100-foot deck at 30 Hudson Yards and the Empire State Building’s at 1,050 feet (One World Observatory is at 1,250 feet, but it’s not outdoors).

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