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

[ChiND]

Long live Ken!!!

https://therealdeal.com/new-york/202...0-park-avenue/

Citadel’s Ken Griffin takes stake in 350 Park, readies for demolition
At Q4 earnings, Vornado says Citadel is considering upping space in tower

As per the Slapper:

Backside render released by VNO as part of their 623 Fifth marketing brochure - View from 5th Ave

[NYguy]

Originally Posted by ssh

Sounds like there's no reason not to opt for the original 1600'.

The building is the same size. Height is a result of the design.




https://therealdeal.com/new-york/202...0-park-avenue/

Citadel’s Ken Griffin takes stake in 350 Park, readies for demolition
At Q4 earnings, Vornado says Citadel is considering upping space in tower


FEB 10, 2026
By Kathryn Brenzel

Citadel’s Ken Griffin decided to take a 60 percent stake in the joint venture that will transform 350 Park Avenue.

Vornado Realty Trust’s Michael Franco on Tuesday said that Griffin wanted to accelerate the deal timeline, which originally gave him until June 2030 to either take a 60 percent stake or purchase the site for $1.4 billion, meaning that Vornado and Rudin Management would not take part in the development.

Griffin chose the former in December, and thanks to a few other amendments to a 2022 agreement, Vornado and Rudin will be able to acquire an interest between 23 percent and 40 percent in the joint venture by July (with Vornado’s stake ranging between 21 and 36 percent). The previous terms called for Vornado to take a 36 percent interest, and Rudin 4 percent. Demolition for the project is slated to start in April to make way for a new 2 million-square-foot office tower.

“We intend to be part of this project,” Franco said during Vornado’s fourth-quarter earnings call on Tuesday.

Vornado executives also indicated that Citadel, the tower’s anchor tenant, may take more space than the previously announced 850,000 square feet.

[HappyCapSlapper]

Originally Posted by ChiND

Long live Ken!!!

https://therealdeal.com/new-york/202...0-park-avenue/

Citadel’s Ken Griffin takes stake in 350 Park, readies for demolition
At Q4 earnings, Vornado says Citadel is considering upping space in tower

As per the Slapper:

Backside render released by VNO as part of their 623 Fifth marketing brochure - View from 5th Ave

Thank you sir, couldn't figure out how to post pictures here

[ChiND]

Thank you, Slap.

[NYguy]

Another look at yet another Foster sibling for Park Avenue. Seems, as expected, this tower will be lit in similar fashion to 270 Park.

[pianowizard]

It looks great in these and the other recent renderings. Despite the height cut, I actually like it more than both 175 and 270 Park Ave. I love its overall massing, and the trees are a nice touch. It's a significant improvement over both the 2019 and 2023 designs.

[ChiND]

https://www.bisnow.com/new-york/news...is-year-133156

Vornado To Start Construction On 3 NYC Projects This Year
New YorkC&D
February 10, 2026 | 4:38 p.m. ET Ethan Rothstein, Deputy Managing Editor
After a banner year of office leasing, Vornado is hitting the development gas.

[NYguy]

Looking forward to them releasing more renderings...


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

Building the Future in New York


Midtown Manhattan’s skyline will soon feature a new tower at 350 Park Avenue. The building will offer cutting-edge workspaces for our teams to focus on solving the hardest problems in finance.

[ChiND]

Can you image this and 175 Park rising simultaneously and joining 270 Park in the Holy Trinity of iconic skyscrapers!

Only in the Greatest City in the World!!!

[TonyNYC]

Originally Posted by ChiND

Can you image this and 175 Park rising simultaneously and joining 270 Park in the Holy Trinity of iconic skyscrapers!

Only in the Greatest City in the World!!!

Don't forget.. the Roosevelt Hotel site could join them soon enough!!!

[ChiND]

Originally Posted by TonyNYC

Don't forget.. the Roosevelt Hotel site could join them soon enough!!!

There are so many iconic new towers, but can you imagine the transformation of Manhattan if Grand Penn is built and the Western portion of the HY? This will be utterly extraordinary.

[NYguy]

https://www.connectcre.com/stories/k...midtown-tower/

Ken Griffin Taking Majority Stake in Venture to Develop Supertall Midtown Tower


By: Paul Bubny
February 11, 2026

Citadel founder Ken Griffin has exercised an option to acquire at least 60% of a joint venture that would develop the 350 Park Ave. site in Midtown Manhattan, Vornado Realty Trust revealed in announcing its fourth-quarter 2025 earnings. The Rudin Family and Vornado have the option to acquire an interest between 23% and 40% in the 350 Park JV and have until July to decide whether to enter the JV or sell the site to Griffin for $1.2 billion.

The development would combine 350 Park Ave. with 39 E. 51st St. (owned by the Vornado/Rudin JV) and 40 E. 52nd St. (owned by the Rudin Family) to build a 62-story 1,850,000 square foot office tower, with Citadel as the supertall’s anchor tenant.

On Vornado’s Q4 2025 earnings call, chairman and CEO Steven Roth said, “Citadel is still finalizing their space planning… In general, their appetite for space has grown from the original deal.”

[ChiND]

Gotham’s next icon!!!!





P.S.: Xing — can you create a render based on this current schematic?

[Mulan]

This is just a glass tower, nothing more.
A glass palace on Park Avenue that changes color.

[NYguy]

Originally Posted by Mulan

This is just a glass tower, nothing more.
A glass palace on Park Avenue that changes color.

If that’s the case, then that’s all any glass tower is. But this is hardly that.

[ChiND]

A presentation re: the medians from January of 2026.

https://www.nyc.gov/html/dot/downloa...b6-jan2026.pdf

[NYguy]

I predict Griffin will take full control of the site...


https://hoodline.com/2026/02/ken-gri...r-at-350-park/

Ken Griffin Muscles In On Midtown Mega-Tower At 350 Park


By Quinn Mercer
February 12, 2026

Ken Griffin’s affiliate has acquired majority control of the joint venture planning the redevelopment of 350 Park Avenue, according to a recent filing by Vornado Realty Trust.

.....An affiliate of Kenneth C. Griffin exercised an option on Dec. 18, 2025, to acquire at least a 60% interest in the 350 Park joint venture. Under the plan, the venture is expected to combine Vornado's 350 Park parcel with 39 East 51st Street and 40 East 52nd Street into an approximately 1.85 million-square-foot, 62-story office tower anchored by Citadel, according to Vornado Realty Trust's fourth-quarter 2025 earnings release.

The Rudin family and Vornado, through a Vornado/Rudin joint venture, face a fork in the road. They can either keep skin in the game by rolling into roughly a 23% to 40% stake in the reinvented venture, or they can cash out entirely and sell the assembled site to Griffin for $1.2 billion. That decision window runs through July 2026, a key deadline first reported by Connect CRE. The choice will decide whether Griffin leads both the financing and development or whether the Rudins and Vornado stay on as principal partners in the build.

In the near term, attention is focused on three key milestones: the Rudin/Vornado decision in July, Citadel’s finalized space plan, and the start of demolition in April. If the Rudins and Vornado choose to sell and the site transfers fully to Griffin, he would hold a larger share of the equity and decision-making authority, affecting the project’s financing and development. If they remain involved, the project would continue as a three-party venture. In either scenario, the outcome will shape the project’s timeline and the design of the office tower on Park Avenue.

[ChiND]

If they purchased Aby's building, could they increase the square footage? It seems like there will be a lot of demand for this tower. I wonder if Citadel will seek space in whatever is planned for 400-410 Park Avenue.

[NYguy]

Vornado's segment of the Park Avenue rebuild...












Shown with recent and future developments....

[sentinel]

Could be amazing, but I have some doubts about how solid this development is, at least in terms of Citadel’s inclusion. They’re facing major liquidity issues right now; and even if they would just be a partner of the development, or just a major tenant, where is he getting the money? His murky practices have been well-known for over a decade now, and Citadel’s borrowing to cover shady investments has increased significantly since 2021. There some funny business going around, but seems like par for the course right now…

Edit: well looky here: https://www.fitchratings.com/researc...ble-11-02-2026