Quote:
Originally Posted by Doubleu1117
Don't mind this one at all. An 800 footer is fine for it's location being sandwiched between two giants one day in 1 Vanderbilt and Roosevelt. The glass quality is important though, as long as it's good then I have no real complaints.
Also great for Grand Central Madison to get going and help with ventilation.
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This tower would be among the tallest office skyscrapers being built in the country outside of NYC. It's not a
major tower for the city, but is probably one of only two 800 ft office towers under construction in the city (not counting 270), and the only large office tower currently under construction in Midtown east. That makes it very high profile, even if it's likely to be dwarfed by a taller tower (Roosevelt). I think many take if for granted when something gets built in the city, but this one has been around for a while. Glad to
finally see construction and new life into the area.
https://commercialobserver.com/2025/07/bxp-earnings-midtown-development-construction/
By Isabelle Durso
July 30, 2025
Quote:
In addition to strong earnings, BXP is working on three development sites in New York City — one at 3 Hudson Boulevard in Hudson Yards, one at Site K at 418 11th Avenue, and one at the former Metropolitan Transportation Authority headquarters at 343 Madison Avenue.
On Wednesday, BXP announced it has started full vertical construction of 343 Madison Avenue, which will become a 46-story, 930,000-square-foot “premier workplace” with offices, restaurants, terraces and more.
The firm also said it has signed a letter of intent with a “prestigious, investment-grade financial institution” to anchor and occupy 30 percent, or 274,000 square feet, of the building, according to the announcement.
“We are thrilled to move forward with vertical construction of 343 Madison,” Owen Thomas, chairman and CEO at BXP, said in a statement. “At the best-positioned office development site in New York, BXP will deliver a premier workplace that represents a strong and significant value creation opportunity for BXP’s shareholders as well as a core long-term asset within our portfolio.”
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BTW, 3 Hudson and 418 are neighbors. Would like to see those underway as well.