One Vanderbilt | The Real Deal New York

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One Vanderbilt

1 Vanderbilt Place
New York, NY 10017
(212) 216-1698
Office, Retail, New Construction, Leasing/Rental, Other

One Vanderbilt, or One Vanderbilt Place, is a proposed skyscraper in Midtown, Manhattan at Grand Central Terminal. If completed, it is expected to measure 1,404 feet tall and contain over 1.6 million square feet of space. If the building reaches the expected height, it will become the second tallest building in New York after One World Trade Center. (However, the Nordstrom Tower development has a listed an expected height of 1,775 feet, which would make it taller than One Vanderbilt.) Construction on One Vanderbilt is scheduled to begin in 2015 and finish in 2020, although some construction plans are pending approval from a joint community board and the City of New York who would like to see the building have access to Grand Central Terminal and to provide $210 million in station improvements.

The project is being developed by New York REIT SL Green Realty. Early tenant commitments include TD Bank, who have already signed for 200,000 square feet of office space beginning in the year 2020.

In early 2015, Harvard professor Laurence Tribe argued that the construction of One Vanderbilt would be unconstitutional due to the decision of the City Planning Commission to grant the air rights on top of Grand Central to SL Green, which Grand Central Terminal landlord Andrew S. Penson claims as his own. -WP

  • Address 1 Vanderbilt Place
  • neighborhood Grand Central
  • borough Manhattan
  • owner SL Green Realty
  • developer SL Green Realty
  • owner entity ONE VANDERBILT OWNER LLC
  • architect KOHN PEDERSEN FOX ASSOCIATES PC
  • PLANS DISCLOSED 09/01/2015
  • dob permit issued 04/05/2017
  • DOB FILE PLANS 09/01/2015
  • DOB FILE Link
  • height in feet 1,401
  • floors 17
  • Year Built 1913
  • total units 2
  • square feet 160,482
  • const. status Under Construction
  • block and lot 1-01277-0027

07/25/17
...president Andrew Mathias may be motivated to favor One Vanderbilt over other SL Green buildings because they own stakes in the high-profile development. But...

07/20/17
...SL Green's Andrew Mathias and rendering of One Vanderbilt (Credit: Visualhouse) SL Green Realty recently made headlines with a blockbuster bid for One...

07/20/17
...A rendering of One Vanderbilt Real estate investment trusts have been reluctant to build in recent years, a caution...

07/17/17
...Green Realty projects NOI at the planned 1.7 million-square-foot One Vanderbilt office tower to be $198 million per year once it’s fully leased, and net...

07/13/17
...that it expects its planned 1.7-million-square-foot office tower One Vanderbilt to generate an NOI of $198 million per year once built and fully leased. It's...

06/27/17
...left: Rendering of 55 Hudson Yards, Manhattan West and One Vanderbilt Don't let the big deals fool you: Some commercial brokers are worried about climbing...

06/21/17
...SL Green is behind the $3.2 billion office tower One Vanderbilt next to Grand Central Station. Korean pension fund National Pension Service of Korea and...

05/31/17
...way to go on the 1,300-foot skyscraper development One Vanderbilt near Grand Central Terminal, because of the speed and quality the unions offer over...

05/17/17
...next to SL Green Realty’s office development One Vanderbilt. SL Green recently reported that it won’t start leasing until 2018, leading to concern...

05/11/17
...SL Green Realty’s $1.5 billion financing package for One Vanderbilt, sources said. That lineup included Bank of China, Bank of New York Mellon, J...

05/10/17
...well as SL Green Realty’s tower at One Vanderbilt. -- Konrad Putzier...

05/09/17
...building is also nearby the company’s planned One Vanderbilt, the $3.2 billion office development in which SL Green executives Marc Holliday and Andrew Mathias...

05/03/17
...SL Green execs Holliday, Mathias buy stakes in One Vanderbilt 5. VC firm Fifth Wall raises $212M real estate tech fund from CBRE, EQR, others...

05/02/17
...From left: Marc Holliday, rendering of One Vanderbilt and Andrew Matthias SL Green Realty executives Marc Holliday and Andrew Mathias agreed to...

04/28/17
...market and just one office tenant signed at One Vanderbilt. In real estate, it's all about the numbers. This past week, The Real Deal...

04/26/17
...Marc Holliday and a rendering of One Vanderbilt Some analysts worry that SL Green Realty may struggle to fill its office project...

04/20/17
...Marc Holliday, 245 Park Avenue and rendering of One Vanderbilt Whenever a deep pocketed Chinese investor dishes out billions for a Manhattan trophy building...

04/17/17
...Daniel Boulud (Credit: STUDIO SCRIVO) and rendering of One Vanderbilt (Credit: KPF) SL Green Realty scored a second retail tenant for its One Vanderbilt...

03/16/17
...the construction of its Midtown East office project One Vanderbilt. But both projects are office towers where an anchor tenant has already signed on...

02/23/17
...in new developments like 1 WTC, Hudson Yards or One Vanderbilt. “All these new observatories are offering their own version of the Burj al-Khalifa,” he...

02/23/17
...From left: 3 Hudson Boulevard, One Vanderbilt and 28-10 Queens Plaza South The value of new construction projects in New York...

02/21/17
...s largest office landlord and developer of the One Vanderbilt office tower near Grand Central Terminal, which required city approval to move forward. When...

01/30/17
...a 27.6 percent stake in the proposed office skyscraper One Vanderbilt to the National Pension Service of Korea. The deal is expected to pump $525 million...

01/27/17
...Korea took a 27.6 percent stake in office tower One Vanderbilt and Hines took another 1.4 percent, which will inject $525 million in equity into the project...

01/27/17
...Marc Holliday and One Vanderbilt SL Green Realty expects its office tower One Vanderbilt to throw off a net...

12/24/15
...From left: 400 West 61st Street, One Vanderbilt in Midtown East and Queens Park Plaza in Long Island City Though new Manhattan...

10/22/15
...building at 317 Madison Avenue, part of the developer's One Vanderbilt project. A collapsed wall at the site injured two workers this summer. The third...

As tenants turn their attention to the gleaming new skyscrapers rising on Manhattan’s West Side and...
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