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
One Madison Avenue and Marc Holliday (Photos via SL Green)

SL Green snags $1.25B construction loan for One Madison Avenue

SL Green snags $1.25B construction loan for One Madison Avenue
410 Tenth Avenue (Google Maps, iStock)

Real estate stocks had a big week. But are they still undervalued?

Real estate stocks had a big week. But are they still undervalued?
Clockwise from top left: Boston Properties' Owen Thomas; Empire Real Estate Trust's Tony Malkin; Equity Commonwealth's David Helfand; Columbia Property Trust's Nelson Mills; SL Green's Marc Holliday; Vornado Realty Trust's Steve Roth; and Brookfield's Brian Kingston (Getty)

Office unease: Tenants are paying up but staying away

Office unease: Tenants are paying up but staying away
(Getty, iStock)

Office, apartment REITs get shot in the arm from vaccine news

Office, apartment REITs get shot in the arm from vaccine news
A photo illustration of SL Green's Marc Holliday (Getty; iStock; SL Green)

NYC offices get creative to lure workers back

NYC offices get creative to lure workers back
arrow_forward_ios

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

Loading...