REIT unveils, names its massive new Midtown tower

TRD New York /
Dec.December 03, 2012 04:00 PM

The city’s largest office landlord, SL Green Realty, released sketches today for its planned office tower, to be known as 1 Vanderbilt.

The company hired architectural firm Kohn Pedersen Fox Associates to design the 1.55-million-square-foot building, which would be located on Midtown’s East Side in an area where the city is considering a zoning change to allow for taller and bulkier structures.

Isaac Zion, company co-chief investment officer, said the building as designed will not be financially feasible without the full 30 floor area ratio, which could be achieved only through the rezoning. The project is planned for a small block located jest east of Grand Central Terminal, bounded by 42nd and 43rd streets and Vanderbilt and Madison avenues, where SL Green now controls all the properties.

The designs were released at SL Green’s annual investor conference. –Adam Pincus 


Related Articles

arrow_forward_ios
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

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

Jacob Chetrit buying Daily News building from SL Green for $815M

16 West 40th Street and KPF president James von Klemperer (Credit: Google Maps)

Architect behind One Vanderbilt snags $5M condominium a few blocks away

Marc Holliday and rendering of One Vanderbilt

Sentinel Capital Partners becomes latest firm to ink deal at One Vanderbilt

350 Park

Vornado, Rudin mull 1,450-foot tower in Midtown East

Suri Kasirer

WATCH: Suri Kasirer on the influence of her father’s Holocaust stories and lobbying hard for the Vanderbilt Corridor and Cornell Tech

arrow_forward_ios