One Vanderbilt has been in the makings for quite some time, and while it took several years and a special pre-Midtown East rezoning approval for work to begin at the site, things are now chugging along with gusto. Steelwork for the soon-to-be 1,401-foot-tall tower breached street level about a month ago, and now, the future supertall’s crane has arrived on-site, heralding imminent verticality.
On Saturday, four concrete pumps descended on a web of rebar to conduct the first pour for the foundation of One Vanderbilt, a 58-story, 1.7-million-square-foot commercial tower under construction adjacent to Grand Central Terminal in Midtown East. The progress can be seen thanks to photos posted to the YIMBY Forums. The latest building permits have the 1,401-foot-tall tower measuring 1,755,814 square feet.
New building applications for single and multi-family residential developments in New York City saw a major slowdown in 2016, as the fading boom following the changes that occurred at the Department of Buildings in 2014 began to slack further. Numbers have plunged by over half since 2014, and by 38 percent since 2015. The full report with spreadsheets covering every new building application is available at the research store.
A major step forward for the New York City skyline was taken on Tuesday morning. Elected officials joined developers to celebrate the official groundbreaking for One Vanderbilt.
A year ago, SL Green began knocking down a full block of prewar commercial buildings next to Grand Central to make way for a 1,401-foot-tall office tower at One Vanderbilt Avenue. Now YIMBY has a time lapse of the lengthy demolition between 42nd and 43rd Streets, courtesy of the project’s PR team.