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

[Crawford]

Originally Posted by TREPYE

Just a fatter, slighty taller copy-paste of something already built.

This has to be trolling, or someone in serious need of an annual eye checkup.

The tower does not resemble 111 W. 57, outside of the fact they're both tall, have setbacks, and are located in NYC.

[mrnyc]

for one thing the base, which is what people actually look at and deal with day to day, is interesting and absolutely nothing like 111w57.

[BanBrokenChatBots]

This tower compliments 270 Park Avenue with its setbacks.. One way it does differentiate itself from the herd is the sheer mass of almost 500 meters of glass on it's western wall. The only other thing that could compare would be the original WTC or International Commerce Center in Hong Kong.

[ssh]

Hopefully the glass cladding is Manhattan West caliber. That would take this to the next level.

[NYguy]

Originally Posted by TREPYE

-This is pretty much a pudgier version of the Steinway Tower (111 w57th).... Which makes it kind of highly unoriginal; surprising that Foster did not try to make it a more unique shape.

Just a fatter, slighty taller copy-paste of something already built.

That's a bit like saying the Empire State is just a taller copy-pate of something already built. Buildings are designed the way they are in the city for a reason.

[NYguy]

Meanwhile, Roth is always talking...


https://www.crainsnewyork.com/real-e...ome-scare-over

Vornado declares work-from-home threat is over


Aaron Elstein
Feb 11, 2025

An emboldened Roth predicted demand for prime Manhattan office space will only grow.

“We expect rents to go up significantly next year,” Roth said. “Dare I use the word ‘spike.’”

Roth is one of the few developers in the city who seems likely to build a new tower any time soon. He has teamed up with Rudin Management to develop a new building for investment firm Citadel at 350 Park Ave. He predicted high construction costs and elevated interest rates would prevent rivals from building new. Office rents would have to rise to about $200 per square foot to justify the cost of building, he said, which is about double the market rate for space in most Manhattan office towers.

If Roth is right, it would be grim news for rivals including BXP, which hopes to develop a new tower at 343 Madison Ave., and RXR Realty, which wants to build a supertall at 175 Park Ave.

When an analyst on Tuesday’s call asked how many projects like that could break ground soon, Roth proclaimed: “None.”

[ssh]

Originally Posted by NYguy

When an analyst on Tuesday’s call asked how many projects like that could break ground soon, Roth proclaimed: “None.”

Well that sounds grim...hopefully it's just him trying to hype up his investors.

[ChiND]

I am utterly elated that we are getting an ICONIC, NEARLY 1,600' tower thanks to the GREAT KEN GRIFFIN!

https://www.insidermonkey.com/blog/v...-and-a-session

350 Park Avenue development is on schedule. The new building is now fully designed, and it will stand out as being truly, truly best in class. We are in the formal approval process under the Midtown East zoning and Citadel, our major tenant, and Ken Griffin, our partner, will shortly begin moving out of 350 Park into swing space so the demolition can begin early next year.

Foster & Partners

[chris08876]

Its a turn of events. Crazy to think that this will rise before 15 Penn.

[ChiND]

Originally Posted by chris08876

Its a turn of events. Crazy to think that this will rise before 15 Penn.

I don't think that an office tower will ever rise at 15 Penn. Even Roth seems to acknowledge that. Roth now talks about including apartments at the site. I think that it should include apartments, a hotel, and a smaller block of office space -- maybe 1m sf that wouldn't require a pre-lease.

[ChiND]

It will be. Central Park Tower, which is about 1,560’ tall, is currently the tallest. It appears that this will be slightly taller. I think that RXR presently plans for 175 Park to be about the same height.

[NYguy]

Originally Posted by ssh

Well that sounds grim...hopefully it's just him trying to hype up his investors.

Just his opinion. He’s not involved in those other developments.

Originally Posted by Garynewman

Will this be the new tallest in the city not counting the spire on 1wtc?

Too early (and close) to call.

[UrbanImpact]

Originally Posted by Garynewman

Do you guys ever think and developer will want to build taller than the 1776 ft tall 1 WTC? Very glad to have a new tallest though

When there is the demand for it and they are able to make a profit from it, it could happen, however, currently the cost of building at that height is astronomical and typically only happens with government handouts across the world.

[ChiND]

Originally Posted by ssh

Well that sounds grim...hopefully it's just him trying to hype up his investors.

Roth is a putz. I look forward to Michael Franco running the company one day.

As for 350, the Great Ken Griffin was the driving force behind that future icon.

[NYguy]

https://finance.yahoo.com/news/q4-20...064034707.html

Feb 12, 2025

Steven Roth

350 Park Avenue development is on schedule. The new building is now fully designed and it will stand out as being truly, truly best-in-class. We are in the formal approval process under the Midtown East zoning...

...Next up is the Hotel Penn site, now down to the ground and ready to go. Our PENN District is clearly a site to be seen. If you haven't already seen it, please call me to a range of tour.

https://therealdeal.com/new-york/202...ice-buildings/





By Kathryn Brenzel
February 12, 2025

While demand for this space is back up, developers aren’t clamoring to build more of it. Roth pointed to high interest rates and lack of available capital, as well as the unknown added construction costs resulting from tariffs on steel. Citadel’s Ken Griffin reportedly called the tariffs a “huge mistake” on Tuesday.

Tuesday’s call was a bit of a rollercoaster in terms of discussion around the future of the Hotel Penn site. Roth said that the office project planned there would be the next site to be developed in the Penn District, but then also acknowledged that the financials around ground-up development are still prohibitive. He didn’t mention temporary plans for the site (such as tennis courts) but did say Vornado is considering all options. Whether that includes temporary uses for the site, in addition to the ultimate mix of the building, was not immediately clear.

He even predicted the tower planned for 350 Park Avenue will be the only major office tower to break ground over the next few years (demolition of the existing office building is expected to begin next year). We shall see!

[Zapatan]

Honestly, if this is the only office tower to go up within the next couple years I'm okay with that.

I just really hope the height doesn't get chopped like 175 Park Avenue did (from 1,650 to 1,580)

[gramsjdg]

Originally Posted by ssh

1,586'

This has happened so many times now over the last 20 years that I consider it written into NYC law.

[NYguy]

Originally Posted by gramsjdg

This has happened so many times now over the last 20 years that I consider it written into NYC law.

Just your lack of understanding.

[ArchGuy1]

Originally Posted by TREPYE

This is pretty much a pudgier version of the Steinway Tower (111 w57th).... Which makes it kind of highly unoriginal; surprising that Foster did not try to make it a more unique shape.

The more I see the design the less I like it. IMO, certainly inferior to 270 Park Ave.

Just a fatter, slighty taller copy-paste of something already built.

How can I participate in the public review process for this building.

[NYguy]

^ You can always write.



Approvals will begin soon, so by the time that is complete there shoyld be an idea of what the actual height is intended to be.

But even then, you wait until a construction permit is filed fir the buildingvto see a zoning diagram.

Finally, watch that for adjustments as the building rises.

I’m taking this number from the drawings in the graphics: 1,576 FT. (likely to change)