SL Green taps Hines to consult on Grand Central office development

Jun.June 04, 2012 09:00 AM

SL Green Realty has brought in Hines Interest to help the firm in a rare ground-up Construction Attempt Across The Street from Grand Central Terminal, according to the Wall Street Journal. The move marks the first step forward for the firm’s planned 1.2 million-square-foot building along Madison Avenue between 42nd and 43rd streets, since it acquired its last needed lot, at 51 East 42nd Street, in December.

Known primarily as an office landlord, SL Green has brought in reputed office tower developers Hines Interest, which is planing a nearby office tower overlooking Bryant Park, to lend expertise to the project.

The building would likely be included in the rezoning the Bloomberg administration is trying to pass for the area, and represents one of the few new construction projects surrounding Grand Central. The firm plans a “spectacular trophy asset” with a striking design.

“I imagined how the lines and the curves of these designs will make a huge impact on the city skyline. I thought about how great it would be [to] construct one of these tower[s] over Grand Central Terminal,” said Edward Piccinich, the firm’s executive vice president of property management and construction. [WSJ]

Related Articles

The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)

SL Green puts Daily News building up for sale

SL Green snags private-equity firm at One Vanderbilt

SL Green snags private-equity firm at
One Vanderbilt

SL Green’s locks in big bank lease at Hudson Yards redevelopment site

SL Green’s locks in big bank lease at
Hudson Yards redevelopment site

1185 Sixth Avenue (Credit: Google Maps)

3 workers test positive for coronavirus at 3 SL Green office towers

Joe Germanotta at Art Bird & Whiskey Bar and Lady Gaga (inset) (Photo by Stephanie Ott/picture alliance via Getty Images; Lady Gaga by Kevin Mazur/Getty Images for NARAS)

Lady Gaga’s dad, MTA in rent feud over homeless at Grand Central

315 West 33rd Street, SL Green's Marc Holliday and Brookfield's Ric Clark (Credit: SL Green, Getty Images)

Brookfield fund buying SL Green’s 315 West 33rd Street for $447M

Clockwise from left: 707 Eleventh Avenue, One Vanderbilt, SL Green chairman and CEO Marc Holliday and 410 Tenth Avenue (Credit: Google Maps, SL Green, Hines)

SL Green snaps up West Side office property

Boston Properties CEO Owen Thomas (left), Shearman & Sterling's David Beveridge, and 599 Lexington Avenue (Credit: Wikipedia)

Boston Properties inks big renewal with law firm at 599 Lex