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.
Work is moving along on the observatory in One Vanderbilt, a 1,401-foot-tall commercial supertall in Midtown East and number four on our countdown of the tallest buildings under construction in the city. Designed by Kohn Pedersen Fox and developed by SL Green, the 77-story skyscraper occupies a full-block parcel immediately to the west of Grand Central Terminal. Though the $1.4 billion property has been officially open since its ribbon-cutting ceremony in mid September, the indoor-outdoor observatory dubbed The Summit isn’t due to welcome the public until October 2021.
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.
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.
Construction is progressing very quickly at 185 Broadway, a 31-story mixed-use tower in the Financial District. Designed by FXCollaborative and developed by SL Green, the structure will stand 404 feet tall and yield 260,000 square feet. The site is located next to the western entrance of the Fulton Street station and one block east of the 16-acre World Trade Center complex.