Posted Sep 25, 2025, 11:42 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,206
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https://www.crainsnewyork.com/real-e...ave-tower-plan
Vornado-Rudin-Griffin partnership gets green light for 62-story Midtown tower
JULIANNE CUBA
September 25, 2025
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The City Council on Thursday paved the way for a long-discussed Midtown skyscraper, to be developed through a partnership that includes billionaire Ken Griffin, to break ground.
Lawmakers voted unanimously to approve plans for the 62-story tower, to rise at 350 Park Ave., proposed by Vornado Realty Trust, development firm Rudin and Griffin.
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Griffin's firms, Citadel and Citadel Securities, would be the tower's anchor tenants, occupying at least 850,000 square feet of the roughly 1.7 million-square-foot skyscraper, said Barry Langer, head of development at Vornado, during a presentation on the tower for the council last month.
Three existing buildings that make up the planned development site — a 30-story office tower at 350 Park Ave., a 23-story office building at 40 E. 52nd St. and a 5-story office building at 39 E. 51st St. — would be demolished to make way for the tower. The majority of the footprint, however, is currently vacant, said Langer.
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Demolition would break ground in the second quarter of next year, with the new building expected to come online in 2032.
Also approved during the meeting were plans for a roughly 355,000-square-foot tower at 515 Seventh Ave. in the Garment District. The proposed building either would rise 36 stories and include 255 hotel rooms as well as office space, or would stand 38 stories tall and include only office space.
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