As SL Green is developing Midtown’s largest commercial property at One Vanderbilt across the street from Grand Central Terminal, the company is also building the neighborhood’s smallest ground-up project at 719 Seventh Avenue, just one block north of Times Square’s northern terminus. Despite its diminutive four-story size, the retail building will assert itself via a 150-foot-tall, 5,000-square-foot array of digital billboards. On-site demolition is complete, and excavation is well underway. Pavarini McGovern LLC is listed as the construction manager.
SL Green’s planned tower next to Grand Central is making significant headway, and demolition for the site’s former buildings is already ongoing. And while we had previously revealed several prospective views of the 1,500-foot supertall, which was approved by the City Council this past May, a tipster has sent along a few more renderings, giving a more comprehensive overview of the tower within the context of its Midtown surrounds.
After the City Council greenlighted One Vanderbilt’s rezoning in May, it was only a matter of time until developer SL Green pushed forward with construction of the 67-story commercial tower. And on Friday, they filed plans for the project, under the property’s main address at 51 East 42nd Street.
With a vote of 49 to zero, the City Council unanimously approved the application for a 63-story office tower at One Vanderbilt, as well as the rezoning for a five-block stretch of Vanderbilt Avenue between 42nd and 47th Streets.
The City Council has voted to approve the re-zoning of a five-block stretch of Vanderbilt Avenue in Midtown East, per Capital New York. SL Green’s proposed 67-story, 1,501-foot-tall One Vanderbilt is the first building to maneuver the rezoning, and a full-council vote could come as early as the end of May. SL Green is funding $220 million in transportation improvements for Grand Central, and completion is expected in 2020.