Demolition has progressed significantly on the cluster of pre-war commercial buildings on the block bound by East 42nd and 43rd streets and Madison and Vanderbilt avenues, directly west of Grand Central Terminal in Midtown East. The existing structures are only a few more months from being removed, as seen in the photos by ILNY posted to the YIMBY Forums. In their place will rise a 67-story, 1,514-foot-tall office tower called One Vanderbilt, being developed by SL Green Realty Corporation and designed by Kohn Pedersen Fox. The tower will encompass 1,732,955 square feet of space, of which 1,295,140 square feet is designated as commercial.
TD Bank has already pre-leased 200,000 square feet of space within the retail podium, located on the ground through third floors. Office floors will be located on the sixth through 11th, 14th through 49th, and 51st through 58th floors, followed by more retail space on the 61st through 63rd floors, likely for an event space and/or observatory. YIMBY last brought you renderings of the tower in October 2015. One Vanderbilt is expected to open in 2021.
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