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Old Posted Jul 11, 2012, 1:32 PM
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NYguy NYguy is offline
New Yorker for life
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 44,275
Better look at the plan for the plaza...

To the left is where the new tower would rise...

While Midtown is hardly a tabula rasa along the lines of Hudson Yards or the World Trade Center, rezoning has the potential, according to Edith Hsu-Chen, director of DCP’s Manhattan office, to “seed” a healthy amount of new development for the next ten, 20, or 30 years, while boosting the value of one of the world’s premier office addresses.

At least one developer has already taken notice. Earlier this month The Wall Street Journal reported that SL Green, one of the city’s largest commercial property owners with more than 25 million square feet of office space throughout Manhattan, has assembled a one-block parcel right next door to Grand Central between Madison and Vanderbilt on 42nd Street to be developed in a joint venture with architect-savvy developer Hines.

Edward V. Piccinich, SL Green's executive vice president of property management and construction, appears to be in it for the long haul, but not without concern about the next Planning Commission. “Whoever goes in [to Midtown] is going to have to work in a very strategic way, whether it’s coordinating with the MTA, mixed-use development, or phasing and circulation,” he said. “It’s not just about creating a plaza.”

SL Green's recently assembled parcel at 42nd and Vanderbilt

The Bleak VANDERBILT avenue during morning Rush
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Jul 11, 2012 at 1:44 PM.
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