If they’re going to go office, they’re going to have to go considerably large to make it worthwhile. There’s already a limited amount of floorspace. There’s about a half million sq ft to work with, which grows to about 750,000 in total for the residential/ hotel mix. I’m assuming the office total includes mechanical space as well. There have been a number of luxury brands that have been seeking both office and retail space in the area. That could also be a factor.
Whatever the case, they’ve got the Saudi money, and the Saudi’s have 2/3 of this development. I expect something nice.
Not to be redundant, but I hope that Scott Rechler is on the phone with these guys. Either or both of them can hold the key to financing 175 Park. Kudos to Related for getting MBS' support.
The article said it would be 850k sq. ft. for office.
I know that, but there’s a tendancy to quote total sizes of buildings in these articles. For example, 270 Park is 1.9 msf, not 2.5msf. It could be they are looking for extra development rights, but that would require a lengthy approval process.
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Looking at the mix of what Extell is building at 655, you have to wonder if it was too similar for Related’s taste. Maybe that’s reason enough to switch to office. Or they coukd just say, game on. The more the merrier, and build their own mixed-use tower as planned.
655
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“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.
Still curious about the office alternative. Some comparative skyscrapers in terms of size for what would be 850,000 sf of office (either in zsf or total sf).
343 Madison Avenue has about 750,000 sf planned
While 425 Park has just over a half million sf of space
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“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.
Saudi Fund Partners With Related for Proposed Manhattan Office Tower
July 14, 2025
Diana Sabau
Quote:
Now jointly owned by the New York developer and the Saudi government fund, the 625 Madison Ave. site — just a block from Central Park — was acquired last year for more than $600 million. The partnership’s immediate priority was to demolish the existing office building, which had a notable history as both Nabisco’s former headquarters and, at one time, Related’s own HQ, as well.
The five-block area surrounding Related’s site has emerged as a particularly sought-after location for developers: 625 Madison Ave. sits only a block from Extell’s proposed luxury supertall at 655 Madison Ave. and the former Barneys store at 660 Madison Ave., where Ashkenazy Acquisition Corp. hopes to attract a billion-dollar buyer. The site is also near 590 Madison Ave., which RXR is under contract to purchase for $1.1 billion.
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“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.
It appears that Related is leaning toward an office tower. Interestingly, I think that in this location, it might not be a box that tries to maximize floor plate size like 343 Madison or 570 Fifth. Small financial firms might want optimal views.
It appears that Related is leaning toward an office tower. Interestingly, I think that in this location, it might not be a box that tries to maximize floor plate size like 343 Madison or 570 Fifth. Small financial firms might want optimal views.
It's an irregularly shaped lot. Whatever the case, I expect it will be something nice. The Saudis are backing this now (they have a 2/3 stake in it), and aren't likely to put up a dud.
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“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.
Since the GM building is 705 feet and sits right in front of 625 Madison, I suspect that even as an office tower, Related will try to build taller than it in order to have offices with views.
Right, regardless of use, it would be crazy to not go far beyond 705 ft., given the bulky, relatively tall GM Building sitting between the site and Central Park. And now Extell and possibly the Barney's site owners are going to build very tall towers.
I don't care about the use, but this site better be very tall and iconic. It's an amazing site.
The views should be ok either way. I think 655 Madison and 800 5th (whatever happens there) play a part in the park views. But great location all around.
__________________ NEW YORK is Back!
“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.
“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.
“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.
Will this tower require new foundations, or can they reuse what’s there, in which case, the tower can start rising once demolition reaches street level?
Does the work require excavation that is greater than 12 feet deep? Yes
Soil Disturbance: Work involves or will result in: 1) an amount of soil disturbance greater than or equal to 20,000 square feet; or 2) the creation of 5,000 square feet or more of impervious surface. Yes
__________________ NEW YORK is Back!
“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.
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