Outside of a $1.1 billion lawsuit, news on the One Vanderbilt front has been relatively quiet. The supertall tower received unanimous approval back in May by the City Council and since then demo at the site has been underway. But now, NY Yimby has gotten ahold of some new renderings that offer additional views of the KPF-designed tower—in particular, how the 1,500-foot behemoth will fit in with the existing NYC skyline. Once the building is constructed, it will be one of the tallest skycrapers in the city with a roof height exceeding that of One World Trade‘s. And as noted by YIMBY, One Vanderbilt will also be the first building in Midtown east to surpass the Chrysler Building in height (which, if you look closely at the above rendering, you can see demurely reflected in the building’s glass).
This afternoon, SL Green’s One Vanderbilt tower received the ultimate green light from the New York City Council, as members voted unanimously in favor of both the construction of the new 1,501-foot tall office building and the rezoning of a five-block stretch of Vanderbilt Avenue (the Vanderbilt Corridor) that would bring with it significant infrastructural upgrades to the area’s public transportation. The vote was the last hurdle for the development and is a critical step in the rezoning of a greater area of Midtown East.
Image courtesy of Akueous Design
Here’s our first look at what commercial heavyweights SL Green have in mind for a small Times Square corner at 719 Seventh Avenue and West 48th Street. Building permits filed earlier this month call for a four-story, 9,000 square-foot retail building designed by TPG Architecture. Demolition permits were filed back in December and the doomed three-story structure is already shrouded in construction netting and scaffolding. The site also shares its Seventh Avenue block-front with Witkoff’s upcoming 40-story Marriott Edition Hotel that will flash one of the largest LED displays in the city.
Grand Central Owner Enlists Harvard Professor to Stop 1 Vanderbilt and ‘Unconstitutional’ Seizing of His Rights, Thu, February 5, 2015
Discord around the construction of One Vanderbilt continues to grow, and the latest contender to enter the ring is Harvard Law professor, “liberal constitutional scholar” and President Barack Obama’s former educator, Laurence H. Tribe. Grand Central owner Andrew Penson has tapped the big-time lawyer to battle the city in his fight against the 1,514-foot supertall, according to The New York Times. Yesterday, with Tribe in tow, Penson went head-to-head—yet again—with the tower’s developer SL Green at the City Planning Commission hearing. The meeting got as heated as one would expect, and “unconstitutional” and “ridiculous” were just a couple of the words thrown around.
Gale Brewer is no shrinking violet when it comes to city planning, and having her on your side is never a bad thing. The borough president of Manhattan has just come out as a full-fledged supporter of not only Midtown East’s rezoning, but more notably, One Vanderbilt, the controversial 1,514-foot supertall slated to pop up right next door to Grand Central. Curbed reports that Brewer coupled her approval with an announcement that her office negotiated a slew of additional community benefits from developer SL Green—the developer that has already put up $210 million for the improvement of Grand Central’s subway station.
Real Estate Wire: Forest City Selling Their Stake in Barclays Center; Re-zoning for One Vanderbilt Certified, Mon, October 20, 2014
- Forest City Enterprises is putting its 55% stake in Barclays up for sale. [Brooklyn Eagle]
- The Department of City Planning certified a five-block rezoning application today for a stretch of Vanderbilt Avenue near Grand Central Terminal that includes SL Green’s One Vanderbilt tower. [CO]
- Mayor Bill de Blasio has rejected JPMorgan Chase’s request for $1B in tax incentives to keep its headquarters in New York. However, he hasn’t ruled out offering some tax breaks. [Crain’s]
- Thor Equities has purchased two Williamsburg properties for approximately $17.8 million and is planning to turn the site into a 10,000-square-foot retail development. [CO]
Images: Barclay’s (left); One Vanderbilt (right)
New York City’s most taxed line is about to get a sizable cash infusion. Of the $210 million that developer SL Green Realty has budgeted for improving Grand Central’s subway station for the green light to construct a 65-story office tower next door, more than 75% will go toward the Lexington Avenue line, Crain’s reports. Yesterday, a 63-page study was delivered to Manhattan’s Community Board 5 and to transportation advocates who have called for Midtown East’s rezoning to include improvements to transportation infrastructure to meet current demand as well as the influx of nearly 16,000 workers as new lines are drawn. So where exactly will the money go?
- Three new residential towers are coming to the High Line. [TRD]
- In what some are calling a PR stunt, the owner of Grand Central has offered SL Green $400 million for One Vanderbilt. [NYT]
- Manhattan commercial real estate is the top ranked in the country. [AMNY]
- Ridgewood, Queens, the hot new neighborhood dubbed “Quooklyn,” had the most active commercial property sales in the city for July. [NYO]
- Last gas station in the East Village will be replaced with condos. [TRD]
- Staten Island might be getting homes built on elevated platforms. [WSJ]
Images- One Vanderbilt (left); The High Line Park (right)
We’ve been keeping a close eye on One Vanderbilt, 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 Pedersen Fox, it will be the second-tallest building in the city when completed. Now, Yimby has hot-off-the-press skyline views of One Vanderbilt from KPF, and the newest NYC supertall certainly stands out amongst the nearby Empire State Building and Chrysler Building.
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.