Permits have been filed for a 49-story commercial skyscraper at 343 Madison Avenue in Midtown East, Manhattan. Located between East 44th and 45th Streets, the 25,000-square-foot rectangular site is one block from the Grand Central-42nd Street subway station, serviced by the 4, 5, 6, 7, and S trains and MetroNorth rails. Boston Properties is listed as the owner behind the applications.
Excavation is set to begin at 417 Park Avenue, site of a 220,000-square-foot office tower in Midtown East. The project is being developed by GDS Development (GDSNY) and Klövern AB, which acquired the property for $184 million and are also building on an adjacent plot to the south at 409 Park Avenue. The plot is located at the corner of Park Avenue and East 55th Street and will rise with a floor area ratio of 25 under the Midtown East Rezoning regulations.
Danny Meyer’s latest culinary outpost will debut this week at SUMMIT, the observatory venue atop One Vanderbilt in Midtown, Manhattan. Known as APRÈS, the café and bar is perched 1,100 feet above ground and includes an indoor lounge and an outdoor terrace with sweeping views of the city skyline.
UliPath, a global automation software company, is the latest tenant to set up shop at One Vanderbilt, one of the most coveted commercial office towers in Midtown, Manhattan. SL Green Realty, Manhattan’s largest office landlord, closed on the 15-year full-floor lease at the end of September.
YIMBY last covered 417 Park Avenue back in July 2020, when demolition permits for the 14-story, 29-unit residential co-op building were fully filed. GDS Development (GDSNY) is the owner of the building that stands on an 8,725-square-foot site and was originally built in 1916 with two cellar levels and a penthouse atop the 143-foot-tall edifice. The Midtown East property is located at the corner of Park Avenue and East 55th Street and is directly south of Foster + Partner‘s topped-out and nearly complete 425 Park Avenue. GDSNY and Klövern AB previously paid $184 million to purchase all the units, and the demolition of the current structure will make way for an office tower with a floor area ratio of 25, or nearly 220,000 square feet under Midtown East Rezoning regulations.
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