One Vanderbilt to 1 WTC: My view’s $5 nicer than yours

SL Green says average ticket price for observatory will be $39

New York /
Jun.June 05, 2018 05:47 PM

One Vanderbilt, One World Trade, and the Empire State Building (Credit: One Vanderbilt, Ron Cogswell via Flickr, and Wikipedia)

Soaking in a panoramic view of New York City’s skyline can be a priceless experience — but not from the top of One Vanderbilt. Looking out from the tower’s public perch will cost you roughly $39, or $5 more than the standard cost of riding to One World Trade Center’s top floors.

In a presentation at an investor conference on Tuesday, SL Green Realty revealed the average ticket price for admission to its observation deck, which will rise more than 1,000 feet above the ground. The real estate investment trust estimates gross ticket and retail revenue from the space will total $77 million.

“Actual pricing will be confirmed closer to the opening,” Rob Schiffer, managing director of SL Green, said in a statement. “This future dated figure is merely for illustrative purposes and reflects our belief in One Vanderbilt as a sky-line defining icon that will see strong public demand due to its unique value proposition, location, and unmatched panoramic views from the center of Manhattan.”

Sources with knowledge of pricing said tickets will likely be closer to $35.

Of course, climbing to the top of the city’s tallest commercial buildings almost always comes at a cost: Standard admission for adults to the Empire State Building’s main deck on the 86th floor ranges from $37 to $39, depending on timing. A visit to the building’s top deck at the 102nd floor costs $57 to $63. One World Trade also offers pricier tickets for quicker access and less stringent arrival times.

In November, YIMBY reported that SL Green made a few design changes to its $3 billion-plus office tower, including raising One’ Vanderbilt’s observation deck nearly 100 feet higher than originally planned. The change means the deck ties with Related Companies, Oxford Properties Group and Mitsui Fudosan’s 30 Hudson Yards for the highest observatory at 1,100 feet.

SL Green wouldn’t confirm these figures. A spokesperson for Related said the price for its observatory has not yet been set.


Related Articles

arrow_forward_ios
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
53 Sonrise Place in Fellsmere, FL and Starwood Capital Group chairman Barry Sternlicht (Google Maps, Illustration by The Real Deal with Getty)
Starwood snaps up Florida affordable housing portfolio
Starwood snaps up Florida affordable housing portfolio
Carpenter & Company's Richard Friedman and 2 Canal Street in New Orleans (Carpenter & Company, Google Maps)
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
New Orleans Four Seasons lands $315M loan from Madison Realty Capital
HUBB’s John McCarthy, Greystone's Thomas Ryan and 223-225 4th Avenue (Google Maps, Greystone, Getty)
HUBB NYC continues 421a spending spree, buying Park Slope building
HUBB NYC continues 421a spending spree, buying Park Slope building
120 East 39th Street (Hotels, Getty)
Short-term rental company taking over Midtown hotel
Short-term rental company taking over Midtown hotel
One Soho Square with Stellar Management’s Larry Gluck and Yotpo CEO Tomer Tagrin (LoopNet, Twitter, Gluck Family Foundation)
Yotpo inks 30K sf sublease at Stellar’s One Soho Square
Yotpo inks 30K sf sublease at Stellar’s One Soho Square
From left: Landlord Steve Croman and White Horse Tavern owner Eytan Sugarman along with the White Horse Tavern at 567 Hudson Street (Getty Images, Google Maps, Instagram/boyfromnewyorkcity)
Croman sues White Horse Tavern owner for $650K back rent
Croman sues White Horse Tavern owner for $650K back rent
Blackstone's Stephen Schwarzman and 8 Spruce Street (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Twitter/AAsArchitecture)
Blackstone’s 8 Spruce sues tenant over alleged pop-up restaurant
Blackstone’s 8 Spruce sues tenant over alleged pop-up restaurant
arrow_forward_ios

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

Loading...