NEW YORK | 350 Park Avenue | 1,413 FT | 62 FLOORS - Page 56

ChiND · #**1101** Posted **Apr 9, 2025, 12:41 PM**

I don't agree with this, but thank God for Ken Griffen!

https://www.bloomberg.com/opinion/fe...in-the-shadows

Shadow Banks Are Too Big to Stay in the Shadows
Mega hedge funds are so critical to modern finance they should be regulated more like banks.

April 9, 2025 at 12:00 AM EDT

By Paul J. Davies

Foster & Partners

NYguy · #**1102** Posted **Apr 9, 2025, 1:14 PM**

Quote:

Originally Posted by ChiND

I don't agree with this, but thank God for Ken Griffen!

https://www.bloomberg.com/opinion/fe...in-the-shadows

Quote:

When it’s finally completed seven years from now, Citadel LLC’s New York tower will be the second tallest building in the city, after the World Trade Center. It will also loom over the headquarters of JPMorgan Chase & Co. just a few hundred yards south along Park Avenue. That the world’s most valuable bank will be literally in the shadow of a key pillar of shadow banking is an overt and irresistible metaphor for how financial power has shifted over the last 15 years from traditional lenders toward enormous, less restrained repositories of money such as Citadel.

Very real possibility it could be #3. It’s looking that way.

ChiND · #**1103** Posted **Apr 9, 2025, 1:22 PM**

Cheers to that!

BanBrokenChatBots · #**1104** Posted **Apr 9, 2025, 4:24 PM**

As great as this tower will be this isn't even Citadel's headquarters that will be in Miami which is scheduled to rise at the same time.

ChiND · #**1105** Posted **Apr 9, 2025, 4:31 PM**

Quote:

Originally Posted by BanBrokenChatBots

As great as this tower will be this isn't even Citadel's headquarters that will be in Miami which is scheduled to rise at the same time.

It will be the de facto headquarters though.

BanBrokenChatBots · #**1106** Posted **Apr 9, 2025, 4:36 PM**

Quote:

Originally Posted by ChiND

It will be the de facto headquarters though.

True probably to avoid the taxes in New York state

pianowizard · #**1107** Posted **Apr 9, 2025, 8:26 PM**

Quote:

Originally Posted by NYguy

Very real possibility it could be #3. It’s looking that way.

Are you referring to 175 Park Ave surpassing 350 Park Ave? CTBUH does list its height as 1,580 ft, which would make the 1,576 ft 350 Park Ave #3, although CTBUH shows 350 Park Ave as being 1,586 ft.

Currently, which of the heights below are the likeliest?

175 Park Ave: 1,575? 1,580?

350 Park Ave: 1,576? 1,586?

NYguy · #**1108** Posted **Apr 9, 2025, 9:28 PM**

Quote:

Originally Posted by pianowizard

Are you referring to 175 Park Ave surpassing 350 Park Ave? CTBUH does list its height as 1,580 ft, which would make the 1,576 ft 350 Park Ave #3, although CTBUH shows 350 Park Ave as being 1,586 ft.

Currently, which of the heights below are the likeliest?

175 Park Ave: 1,575? 1,580?

350 Park Ave: 1,576? 1,586?

Yes. 175 Park has been show to be about 1,581 ft. (Probably the rounded up number). 350 Park thus far has been at 1,576 ft according to drawings shown. Of course, both numbers are subject to change. And given that numbers tend to shift a bit, even while under construction, it’s really to close to call.

https://www.wsp.com/en-us/projects/175-park-avenue

Quote:

Floors. 83
Height 1,580 feet

ChiND · #**1109** Posted **Apr 21, 2025, 9:30 PM**

Since we've addressed the adjacent 477 Madison vis-a-vis 350 Park, I am curious if anyone knows what's going on with the former. I walked by the other day, and it almost looks like Aby is preparing to install a new facade. I can't imagine that's the case since he just painted this PoS and installed ugly new windows. I can't figure it out from the DOB's website.

Zapatan · #**1110** Posted **Apr 21, 2025, 10:29 PM**

We need a last minute height battle between this and 175 Park like Chrysler and 40 Wall Street nearly a century ago, except without spires this time.

MAC123 · #**1111** Posted **Apr 22, 2025, 3:20 AM**

Quote:

Originally Posted by Zapatan

We need a last minute height battle between this and 175 Park like Chrysler and 40 Wall Street nearly a century ago, except without spires this time.

They're having a height battle. Except with every new press release the heights get shorter and shorter instead of taller.

NYguy · #**1112** Posted **Apr 22, 2025, 2:00 PM**

Quote:

Originally Posted by MAC123

They're having a height battle. Except with every new press release the heights get shorter and shorter instead of taller.

Well, we know that not to be true. 350 Park was always to be “about” 1,600 ft. And it still is. We don’t have a defined height for it yet.

Meanwhile, the defined height given for 175 Park was 1,175 ft.

ChiND · #**1113** Posted **Apr 22, 2025, 2:05 PM**

I'm beyond elated that 350 Park is rising. The current structure is a heinous eyesore that's almost as terrible to look at as Medusa. The new tower is stunning and insanely tall. Ken Griffin is like Perseus (i.e., he slayed Medussa).

With respect to 175 Park, Amazon is another potential tenant. I think they had 15 year leases. They could consolidate everyone here.

NYguy · #**1114** Posted **Apr 27, 2025, 2:43 PM**

https://www.citadel.com/who-we-are/o...ions/new-york/

ChiND · #**1115** Posted **Apr 27, 2025, 3:08 PM**

God bless Ken Griffen. This tower is going to be ICONIC PER SE!!!

NYguy · #**1116** Posted **Apr 30, 2025, 7:48 PM**

https://www.crainsnewyork.com/op-ed/...positive-signs

Op-ed: Midtown Manhattan office market is showing positive signs

Edward Pincar Jr
April 30, 2025

Quote:

……..From 2023 through February 2024, there were 10 sales on this stretch of Fifth for a total of $3.9 billion. In addition, Rolex broke ground on its new flagship store, Chanel opened its first flagship jewelry store in the US, and Kering, the owner of Gucci and Balenciaga, closed on two buildings on the avenue, paying close to $1 billion. These are clear signals of enthusiasm for transforming Fifth into a boulevard that rivals others around the world, such as the Champs Elysees in Paris and Bond, Oxford and Regent Streets in London.

That’s also why projects like the planned 12,500-square-foot public plaza at 350 Park Avenue and its accompanying state-of-the-art office building are so important. The Class A office tower will house Citadel’s New York workforce and provide more than 6,000 total jobs. The news of this massive investment has injected optimism into the market and cemented Park Avenue as one of the most sought-after addresses for financial firms in the world. It also builds on momentum in the area, following major projects like One Vanderbilt, 425 Park, 343 Madison and JPMorgan Chase’s new headquarters at 270 Park that underscore Midtown’s command of the office market.

The crown jewel of the tower will be an expansive public concourse with green space, seating, food and beverage vendors, al fresco dining and increased visibility of nearby landmarks. This major investment in the streetscape will go beyond beautifying the sidewalks – it will deliver a much-needed public amenity. The project will also contribute more than $35.8 million for the city’s Midtown East Public Realm Improvement Fund – a win for the entire neighborhood.

As one of the first new office towers to go through the city’s review process since the pandemic, 350 Park is the poster child for unlocking the value of the Midtown East rezoning. It puts forth a model to capitalize on Midtown’s commercial boon and use the tools at our disposal to create a world-class network of public space here.

To that end, Park Avenue stakeholders and local elected officials have been successful in getting funding from the East Midtown Governing Group for a reimagining of the Park Avenue Malls in conjunction with the MTA Metro-North Railroad plan to rehabilitate the Grand Central Terminal Train Shed. This will provide a cohesive design vision for adding greenery, public seating and safer crossings for pedestrians on Park Avenue from 46th Street to 57th Street.

Midtown is not an island – it is part of the broader Manhattan ecosystem – and the city stands to maximize its investment in Midtown East and Fifth Avenue by supporting development that also elevates the public realm. By greenlighting innovative projects like 350 Park Avenue, the city will once again establish Midtown as a model for how metropolises can reinvigorate their business districts for decades to come.