SL Green Realty

October 20, 2022

Caesars Palace casino proposed for Times Square office tower

New York City's bustling entertainment hub may soon welcome a casino. Developer SL Green and Caesars Entertainment on Thursday announced plans to pursue a gaming license for a potential Caesars Palace casino in the heart of Times Square at 1515 Broadway, a 54-story office building. The bid comes after the state legislature in April approved up to three casinos to open in the New York City area.
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Nomad’s One Madison Avenue is getting an 18-floor addition designed by Kohn Pedersen Fox

Current view of 1 Madison Avenue via Flickr; Rendering of 1 Madison via SL Green Realty

December 3, 2018

Nomad’s One Madison Avenue is getting an 18-floor addition designed by Kohn Pedersen Fox

By Devin Gannon

The Nomad office tower that neighbors the Met Life Tower is getting a major makeover, SL Green announced Monday. The 13-story building at One Madison Avenue will undergo a redevelopment, including an addition designed by Kohn Pedersen Fox and a modernization of the building's existing podium. The real estate company said it will reduce the building to its ninth floor and create 18 additional column-free floors above. A rendering released on Monday shows off the planned glassy addition, as well as wraparound and rooftop outdoor terraces that will measure over one acre.
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Architecture And Design

June 23, 2017

PHOTOS: First steel column installed at 1401-foot One Vanderbilt, NYC’s second-tallest skyscraper

By Devin Gannon

With the installation of its first steel column, One Vanderbilt, soon to be New York City’s second-tallest skyscraper, officially began vertical construction on Friday. Banker Steel Company provided the 26,000 tons of domestically milled and fabricated structural steel for development, which included the first 20-ton column installed. According to the team, the construction of One Vanderbilt is three weeks ahead of schedule. SL Green Realty and AECOM Tishman say the supertall skyscraper will add to the modernization of East Midtown’s business district, as the office building will boast column-free floors, floor-to-ceiling windows, and 360-degree views.
See more here

September 29, 2015

Owner of Grand Central Sues City and One Vanderbilt Developer for $1.1 Billion

By Diane Pham

Grand Central owner Andrew Penson is back in the news again, this time suing the city and One Vanderbilt developer SL Green for a princely sum of $1.1 billion. As the NY Times reports, Penson is claiming that the 65-story behemoth slated to rise next door to the historic structure has led to the devaluation of his air rights atop the terminal. Penson claims that the de Blasio administration, the City Council and SL Green "deprived him of his property rights when the city gave SL Green permission to build a 1,501-foot tall office tower, without having to buy any air rights from him." By allowing for a tower twice the size of what was zoned for the block "for free" (but really, in exchange for a $220M investment into the subway infrastructure beneath Grand Central), his air rights have been rendered "worthless."
More on the lawsuit here

Real Estate Trends

Image: One Vanderbilt via SL Green/KPF

March 4, 2015

A Massive Modern Tower Could Sprout Next Door to Controversial One Vanderbilt

By Diane Pham

Foes of One Vanderbilt could soon find themselves with choice words for a new supertall enemy on the rise in the Midtown corridor. The Post reports that developer Howard Milstein is now looking to design and develop a brand new tower at 335 Madison Avenue. Millstein’s move takes advantage of the new Vanderbilt corridor zoning that would […]

New Developments

November 17, 2014

One Vanderbilt: New Images of Midtown East’s Zigzag Supertower

By Ondel Hylton

Recently at the Municipal Art Society's 2014 Summit for NYC, James von Klemperer, FAIA , a principal at Kohn Pederson Fox & Associates, briefed the audience with new details on the architecture firm's upcoming supertall project known as One Vanderbilt. In case you haven't been paying attention, the 68-story, 1,514-foot zigzag building is expected to become the tallest office tower in Midtown and third tallest in the city behind One World Trade Center (1,776 feet to spire tip) and Extell's Nordstrom Tower (1,775 feet to spire tip).
Check out all the new images of the supertall tower here

SL Green Realty

Caesars Palace casino proposed for Times Square office tower

Nomad’s One Madison Avenue is getting an 18-floor addition designed by Kohn Pedersen Fox

PHOTOS: First steel column installed at 1401-foot One Vanderbilt, NYC’s second-tallest skyscraper

Owner of Grand Central Sues City and One Vanderbilt Developer for $1.1 Billion

A Massive Modern Tower Could Sprout Next Door to Controversial One Vanderbilt

One Vanderbilt: New Images of Midtown East’s Zigzag Supertower

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