Construction activity is underway at One Madison Avenue in the Flatiron District, where the 13-story full-block structure is being renovated and expanded with a new 18-story addition. Designed by Kohn Pedersen Fox and developed by SL Green, the project will stand 27 stories and yield 1.4 million square feet of Class A office space. Helping to develop and finance One Madison Avenue’s future are the National Pension Service of Korea and Hines, contributing a grand total of $1.25 billion in construction financing. The property is bound by East 23rd Street to the south, Madison Avenue and Madison Square Park to the west, East 24th Street to the north, and Park Avenue South to the east.
This week, the MTA and SL Green debuted a new entrance to the Grand Central-42nd Street subway station at One Vanderbilt Avenue, a 77-story supertall office skyscraper in Midtown. The new entrance is the latest component of SL Green’s $220 million transit improvement project bundled into development of the commercial project.
Construction has officially begun at NorthLight, a 246-unit rental property in Sleepy Hollow, New York. Located on the shores of the Hudson River just north of the Governor Mario M. Cuomo Bridge, the new building is located within Edge-on-Hudson a $1 billion mixed-use, residential community.
SL Green recently celebrated the commencement of construction at One Madison Avenue, a new 1.4-million-square-foot office building in the Flatiron District. The project entails the expansion and redevelopment of an existing 13-story structure into a 27-story Class A office building.
Excavation has commenced at 561 Greenwich Street, the site of a 19-story, 260,000-square-foot commercial building in Hudson Square. Designed by COOKFOX Architects, the project will add 199,353 square feet of office space to the rapidly changing neighborhood. Hines is serving as development manager and Trinity Church Wall Street is listed as the owner on permits filed last November. The site is bound by Greenwich Street Street to the west, King Street to the north, and Charlton Street to the south.