The Real Deal New York

Posts Tagged ‘grand central terminal’

  • grand-central-tech

    335 Madison Avenue (Credit: Business Insider)

    A new tech incubator has come to New York City, and unlike other accelerator programs, the 19 startups chosen to work at Grand Central Tech aren’t charged an equity fee — or even rent.  [more]

  • Vanderbilt Hall in Grand Central

    Vanderbilt Hall in Grand Central

    WEEKENDEDITION Forget the food court. The MTA is considering a proposal next week for a 16,000-square-foot restaurant in Vanderbilt Hall at Grand Central Terminal.  [more]

  • From left: Thomas Prendergast, Grand Central Terminal, Carl Weisbrod

    From left: Thomas Prendergast, Grand Central Terminal, Carl Weisbrod

    The MTA expects the rezoning of Midtown East to put stress on nearby subway lines, but in a departure from the past, the authority plans to deal with problems before they occur — and it expects developers to help underwrite solutions sooner rather than later. [more]

  • vanderbilt-1

    1 Vanderbilt rendering and Alicia Glen

    Mayor Bill de Blasio’s administration has proposed rezoning a five-block stretch surrounding Grand Central Terminal to allow for the construction of SL Green’s 65-story tower project 1 Vanderbilt.

    De Blasio’s plan looks to partly resuscitate the failed push by his predecessor, Michael Bloomberg, to rezone 73 blocks of Midtown East to make way for larger office buildings. SL Green has been negotiating with TD Bank about becoming the flagship tenant at the proposed 1,200-foot tower. [more]

  • Grand Central Terminal

    Grand Central Terminal

    From the April issue: The Metropolitan Transportation Authority signed a 280-year lease for the land under Grand Central Terminal, as well as for miles of suburban and rural rail lines, 20 years ago this month.

    The MTA, which operates New York’s regional commuter trains, along with the city’s subways, buses and certain bridges and tunnels, inked the deal with American Premier Underwriters, an insurance company formed from the non-rail assets of the railroad Penn Central, which filed for bankruptcy in 1970. [more]

  • From left: 52 Vanderbilt Avenue and David Brause of Brause Realty

    52 Vanderbilt Avenue, David Brause of Brause Realty

    Brause Realty has signed global property management firm Beekman Real Estate Investment Management to a five-year lease at its 21-story Midtown East office building at 52 Vanderbilt Avenue.

    Beekman REIM currently occupies an office at 655 Third Avenue, also near Grand Central Terminal. Transwestern managing director John Grotto represented the firm in the deal. Other tenants in the 190,000-square-foot tower, between 44th and 45th streets, include song-identification app Shazam Media Services and social media optimizer SocialFlow. [more]

  • vanderbilt

    Rendering of office tower One Vanderbilt in Midtown East

    The demise of Mayor Bloomberg’s Midtown East rezoning proposal put a freeze on developer SL Green Realty’s lofty plans for a 65-story, 1.5 million-square-foot office tower One Vanderbilt adjacent to Grand Central Station. [more]

  • 87 East 42nd Street

    87 East 42nd Street

    Midtown Trackage Ventures, the Delaware-based limited liability company that owns the land beneath Grand Central Terminal and the air rights above it, has hinted at a possible lawsuit should the City Council approve the Bloomberg administration’s Midtown East rezoning plan. [more]

  • Grand Central Terminal and New York State cheese (inset)

    Grand Central Terminal and New York State cheese (inset)

    Taste NY, a food store featuring all New York State products, will soon be pulling into Grand Central Terminal, Penn Station, and LaGuardia and JFK airports. [more]

  • Grand Central Terminal

    Grand Central Terminal

    Updated, 11:28 a.m., August 20: The City Planning Commission discussed the Metropolitan Transportation Authority’s $465 million Grand Central Terminal improvement plan Monday, DNAinfo reported. The plan, which is part of the Midtown East rezoning proposal, calls for more rush-hour subway trains, new escalators and a pedestrian connection to regional rail lines. [more]

  • 630 Third Avenue

    630 Third Avenue

    The Government of Slovenia is moving its office a few blocks north, the New York Observer reported.

    The Permanent Mission of the Republic of Slovenia to the United Nations signed a 15-year lease to occupy the entire 20th floor at 630 Third Avenue. The new office will be approximately 5,829 square feet. The government outpost is scheduled to move from its current address at 600 Third Avenue to its new home on the corner of 41st Street in September. [more]

  • 230 Park Avenue

    230 Park Avenue

    A charitable trust named in part after the late Leona Helmsley is moving into a building once owned by and named after the woman, the New York Observer reported.

    The Leona M. and Harry B. Helmsley Charitable Trust has signed a lease for 5,400 square feet at 230 Park Avenue, formerly known as the Helmsley Building. The trust will occupy a space on the fifth floor of the 35-story, 1.4 million-square-foot building at East 45th Street. The space will serve as the charitable organization’s New York office. The trust also has an office in Sioux Falls, South Dakota. [more]

  • Mayor Michael Bloomberg (inset), Midtown East

    Mayor Michael Bloomberg (inset), Midtown East

    Mayor Michael Bloomberg once again laid out his argument for rezoning Midtown East in his weekly radio address. [more]

  • From left: Cafe Grumpy and Grand Central

    From left: Cafe Grumpy and Grand Central

    Almost a dozen companies have responded to a Metropolitan Transportation Authority request for proposals for an 800-square-foot Starbucks space inside Grand Central Terminal, where a lease expires in March, Crain’s reported. Rumor has it that Greenpoint-based Café Grumpy, which plays a role in Lena Dunham’s hit HBO series “Girls,” is the front-runner, according to Crain’s. [more]

  • Old Westbury Gardens in Old Westbury, N.Y. (Source: Flavorwire)

    JDS confirms West 57th Street project will be 900 feet tall, making it Manhattan’s third tallest residential tower. Shake Shack coming to Grand Central Terminal, after long struggle involving lawsuits and evictions. Donald Trump helps sets up crowdfunding website to compete with Kickstarter. Twenty mansions Jay Gatsby probably would have owned: PHOTOS. Prospect Lefferts Gardens brownstone in contract for $1.85M, which would be highest-record sale. Read these stories and more after the jump.


  • Commuters watch the launch of John Glenn’s Friendship 7 spacecraft, February 20, 1962. (Credit: NASA photo)

    Grand Central Terminal, an icon that is as quintessentially New York as the Statue of Liberty and the Empire State Building, celebrated its centenary today. See photos after the jump.

  • Grand Central Terminal

    At Grand Central Terminal’s centennial celebrations on Friday night, a notable absence was Andrew Penson, the terminal’s landlord, who has remained under the radar despite mammoth investments in New York real estate, the City Room blog of the New York Times reported. Until Monday, Penson, who is known only to a small cadre of New York real estate insiders, hadn’t even been invited to the dinner. He told the Times that he shies away from the limelight. “I don’t look for publicity,” he said. … [more]

  • Marc Holliday

    Office landlord SL Green has picked architecture firm Kohn Pedersen Fox Associates to design its forthcoming office tower project near Grand Central Terminal, the Wall Street Journal reported. The building is planned for a stretch of Madison Avenue between East 42nd and East 43rd streets. SL Green acquired the lot at 51 East 42nd Street last December.

    SL Green and KPF officials declined to comment. Despite SL Green’s choice of an architect, the project may not break ground until years from now. A number of approvals await, and there may not be enough demand for the office space. [more]

  • A rezoning proposal from the Department of City Planning has architects and developers eager to make changes to Grand Central Station and its surrounding area, the Wall Street Journal reported. The DCP plan would rezone the Grand Central area to allow for new office towers, in exchange for a required donation from developers to make infrastructure upgrades that could include building additional access points to Grand Central’s subway platforms and a pedestrian mall on Vanderbilt Avenue.

    Thus far, three architecture firms have been asked by the Municipal Art Society of New York to submit proposal to redesign the area — their designs will be unveiled at a conference tomorrow. [more]

  • From left: LPC Chairman Robert Tierney and Penn Station then and now.

    Fifty years ago tomorrow, when Penn Station was heralded as an architectural masterpiece, a group of protestors who went by Agbany, or the Action Group for Better Architecture in New York, gathered outside the station’s entrance to protest plans for the new station, which New Yorkers use to this day. Both developer Irving Mitchell Felt and the Pennsylvania Railroad razed the structure the following year to replace it with Madison Square Garden, a hotel and an office tower. [more]