One Vanderbilt | The Real Deal New York

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One Vanderbilt

1 Vanderbilt Place
New York, NY 10017
(212) 216-1698
Office, Retail, New Construction, Leasing/Rental, Other
One Vanderbilt
One Vanderbilt, or One Vanderbilt Place, is a proposed skyscraper in Midtown, Manhattan at Grand Central Terminal. If completed, it is expected to measure 1,404 feet tall and contain over 1.6 million square feet of space. If the building reaches the expected height, it will become the second tallest building in New York after One World Trade Center. (However, the Nordstrom Tower development has a listed an expected height of 1,775 feet, which would make it taller than One Vanderbilt.) Construction on One Vanderbilt is scheduled to begin in 2015 and finish in 2020, although some construction plans are pending approval from a joint community board and the City of New York who would like to see the building have access to Grand Central Terminal and to provide $210 million in station improvements. The project is being developed by New York REIT SL Green Realty. Early tenant commitments include TD Bank, who have already signed for 200,000 square feet of office space beginning in the year 2020. In early 2015, Harvard professor Laurence Tribe argued that the construction of One Vanderbilt would be unconstitutional due to the decision of the City Planning Commission to grant the air rights on top of Grand Central to SL Green, which Grand Central Terminal landlord Andrew S. Penson claims as his own. -WP
  • Address 1 Vanderbilt Place
  • neighborhood Grand Central
  • borough Manhattan
  • owner SL Green Realty
  • developer SL Green Realty
  • owner entity ONE VANDERBILT OWNER LLC
  • architect KOHN PEDERSEN FOX ASSOCIATES PC
  • PLANS DISCLOSED 08/31/2015
  • DOB FILE PLANS 08/31/2015
  • DOB FILE Link
  • height in feet 1,404
  • floors 67
  • Year Built 2020
  • square feet 1,295,140
  • block and lot 1-01277-0027

building congress feature
09/19/16
...Building Congress graph of office space completed and rendering of One Vanderbilt Over the next five years, more than 20 million square feet...

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09/07/16
The Metropolitan Transportation Authority may soon have the option to buy Grand Central Terminal, but the building’s air rights could stand in the way. Tags:...

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08/31/16
...from landmarked buildings or contribute money to public infrastructure projects. One Vanderbilt is currently leading the way, with developer SL Green Realty...

Empty desks small
08/30/16
The New York metropolitan area’s office-using job growth slowed dramatically over the past 12 months, adding to concerns over a potential supply glut in the...

roundup
08/29/16
(Paydirt is a new weekly column that riffs on the biggest NYC real estate news of the moment, providing analysis and historical context on the...

Midtown-East-FB
08/25/16
Midtown East could reach new heights — literally. City Hall on Monday published a long-awaited draft proposal to rezone all of Midtown East, which would allow developers...

week-review-feat
08/15/16
(Paydirt is a new weekly column that riffs on the biggest NYC real estate news of the moment, providing analysis and historical context on the...

yelpfinal copy
08/11/16
UPDATED, 4:43 p.m., August 11: SL Green Realty sold a 40 percent stake in 11 Madison Avenue to Prudential’s real estate subsidiary. PGIM Real Estate...

1 Vanderbilt in Midtown (inset: Marc Holliday and Andrew Penson)
08/10/16
...Rendering of One Vanderbilt in Midtown (credit: KPF) (inset, from left: Marc Holliday and...

grand central feature
07/27/16
Michael Dell’s MSD Capital has purchased a stake in Grand Central Terminal for $63 million amid a bitter battle over the station’s air rights. Tags:...

one-vanderbilt copy feat
07/21/16
...One Vanderbilt (inset: SL Green's Marc Holliday) Six months ago, SL Green...

vanderbilt
07/15/16
...One Vanderbilt rendering (inset from top: Wells Fargo's Alan Wiener and JPMorgan...

Untitled-18
06/21/16
...Rendering of One Vanderbilt in East Midtown (credit: KPF) (inset from top: Marc Holliday...

06/09/16
...NYC 2. Naftali's top acquisitions guns leave to form new firm 3. One Vanderbilt to cost over $3.1B 4. Don't call us Brooklyn! 5. What's next...

Marc Holliday
06/07/16
...From left: Rendering of One Vanderbilt in Midtown and Marc Holliday SL Green Realty shed more...

JLL-Merritt-and-Harris-George-Ladyman-Manny-Kristios-FB
06/03/16
In the latest escalation in the arms race against rivals like CBRE, JLL’s project and development group has acquired a consulting firm to buff up its...

Holliday Durels
04/21/16
In January, SL Green Realty CEO Marc Holliday bemoaned economic “headwinds” that he predicted would hit the leasing market in 2016. But on the real...

Penson and marc
04/07/16
...Rendering of One Vanderbilt in Midtown (credit: KPF) (inset, from left: Marc Holliday and...

urbane feature
03/29/16
In Shanghai, the sun calls the shots in building design. Bedrooms and living rooms in the city must get at least one hour of direct...

Sergio Ermotti 299 Park Avenue and Winston Fisher thumb
03/04/16
UPDATED, 6:08 p.m., March 4: Zurich-based UBS AG is further reducing its space at 299 Park Avenue. The bank signed a 13-year lease extension at Fisher...

Marc Holliday
02/19/16
Seven months after downgrading SL Green Realty to a “sell” rating on fears of a “maturing” commercial real estate cycle, investment banking giant Goldman Sachs...

NYC REITs
02/09/16
While residential-focused real estate investment trusts like AvalonBay Communities and Equity Residential saw double-digit returns mirrored by positive stock price performance last year, their office...

Garodnick small
02/03/16
Council member Dan Garodnick expects the Midtown East rezoning to pass before the next mayoral election in 2017. The remark, made at Wednesday’s B’nai B’rith real estate...

Marc Holiday - SL Green
01/28/16
...From left: Rendering of One Vanderbilt in Midtown and Marc Holliday SL Green Realty CEO Marc...

biggest projectes feature
12/24/15
...From left: 400 West 61st Street, One Vanderbilt in Midtown East and Queens Park Plaza in Long Island...
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biggest projectes feature
12/24/15
Though new Manhattan developments were the heaviest hitters in terms of size this year, the outer boroughs more than held their own. Tags: Hudson Yards, One...

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10/22/15
Manhattan’s great builders are also its most fearsome destroyers. Tags: chetrit group, demolition, extell development, icon realty management, sl green, trinity real estate ...

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As tenants turn their attention to the gleaming new skyscrapers rising on Manhattan’s West Side and ...
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