SL Green finally files One Vanderbilt plans

Details largely mirror Oct. 2013 proposal

New York /
Sep.September 04, 2015 03:30 PM

After years of waiting on the starting line, SL Green Realty’s One Vanderbilt project is off and running.The developer filed plans today for its deluxe Midtown East office tower, nearly two years after it first revealed details of its proposal.

As anticipated, the Kohn Pedersen Fox-designed 1.3 million-square-foot One Vanderbilt is slated to stand 67 stories and top out at 1,404 feet, according to the filings.

The first floor of the tower will include retail space and a bank. The second, third and 61st through 64th floors will have retail as well. The rest will be offices.

In 2013, the developer fought for an ultimately unsuccessful Bloomberg Administration plan to rezone Midtown East. A more modest rezoning proposal under Mayor Bill de Blasio unanimously passed the City Council in May of this year. That plan rezoned five blocks of Midtown East and allowed One Vanderbilt to proceed while requiring SL Green to spend roughly $210 million on infrastructure improvements to the Grand Central subway station at the base of the planned structure.

SL Green purchased the site, along with the 18-story, 142,000-square-foot office building that occupied it back in 2011 for $77 million.


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
Photo Illustration of SL Green CEO Marc Holliday (Getty)
SL Green hedges its bets, and that’s no casino pun
SL Green hedges its bets, and that’s no casino pun
Caesars Entertainment's CEO Tom Reeg and SL Green's CEO Mark Holliday along with the Minskoff Theatre at 1515 Broadway (Photo Illustration by Steven Dilakian for The Real Deal with Getty)
SL Green, Caesars rally Times Square interests for casino bid
SL Green, Caesars rally Times Square interests for casino bid
SL Green's Andrew Mathias and Marc Holliday (Photo-illustration by Paul Dilakian/The Real Deal)
As workers come back, NYC’s top office landlord faces a tough market
As workers come back, NYC’s top office landlord faces a tough market
SL Green chairman Marc Holliday and One Madison Avenue (Getty Images, SL Green Realty Corp)
Franklin Templeton takes 347K sf at SL Green’s One Madison Avenue
Franklin Templeton takes 347K sf at SL Green’s One Madison Avenue
SL Green's Marc Holliday and 245 Park Avenue (Getty Images, SL Green, Google Maps)
SL Green takes over 245 Park Avenue
SL Green takes over 245 Park Avenue
arrow_forward_ios

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

Loading...