TD Bank confirmed as One Vanderbilt’s anchor tenant

Financial institution to take up to 200K square feet in SL Green's proposed office tower

New York /
Nov.November 17, 2014 04:15 PM

TD Bank has officially inked a long-term lease to become the anchor tenant at SL Green Realty Corp.’s One Vanderbilt. The bank will take up to 200,000 square feet at the proposed tower located near Grand Central Terminal, according to a release from the landlord. TD Bank is expected to move into the space in 2020, according to a statement from the developer. Plans to move into the tower have been in the works since the summer. Before the tower can be built, the city will have to approve a rezoning of the Vanderbilt corridor. In turn, SL Green will invest $210 million in improvements for Grand Central. The local community board is set to vote on the issue on Monday night. SL Green is forming a coalition to push for the rezoning of Midtown East’s Vanderbilt Corridor. The developer is looking to construct a 1.6 million-square-foot office tower at One Vanderbilt. “Securing a major tenant of TD Bank’s caliber more than five years before One Vanderbilt is due to open makes a tremendous statement about this iconic building and the need for new, modern and efficient office space in East Midtown,” said SL Green president Andrew Mathias. — Claire Moses


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 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 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
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
HNA Group's Guoqing Chen (left), SL Green CEO Marc Holliday (right), and 245 Park Avenue (SL Green, World Travel & Tourism Council - via Wikimedia Commons, LoopNet)
HNA must pay SL Green fat sum over 245 Park Avenue
HNA must pay SL Green fat sum over 245 Park Avenue
1552-1560 Broadway and Wharton Properties’ Jeff Sutton (Google Maps)
Investor claims Jeff Sutton cheated him out of millions on Times Square deal
Investor claims Jeff Sutton cheated him out of millions on Times Square deal
SL Green’s Marc Holliday with One Vanderbilt tower (SL Green Realty Corporation)
One Vanderbilt lease at $300+ psf may be city’s highest office rent ever
One Vanderbilt lease at $300+ psf may be city’s highest office rent ever
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
Recruiter snags 71K sf at SL Green’s 711 Third Avenue
From left: SL Green’s Marc Holliday, Natixis’ François Riahi and Maefield Development’s Mark Siffin
Nightmare at 20 Times Square: Inside the calamity at Maefield’s megaproject
Nightmare at 20 Times Square: Inside the calamity at Maefield’s megaproject
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...