NEW YORK | 346 Madison | 962 FT | 46 FLOORS

[NYguy]

https://therealdeal.com/2021/01/21/brook...re-could-give-way-to-midtown-east-tower/

Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Claudio Del Vecchio looking to sell 700K sf development site


Jan. 21, 2021
By Rich Bockmann

The Brooks Brothers store at 346 Madison Avenue is being offered up as a development site that could be transformed into a 41-story, 700,000-square-foot tower, sources familiar with the offering told The Real Deal.

The site is hitting the market after the iconic menswear brand — initially battered by changing trends, and dealt a final blow by the pandemic and the move to work-from-home — filed for bankruptcy last year. A partnership of Simon Property Group and Authentic Brands bought the 200-year-old company out of bankruptcy in August for $325 million and announced plans to close 75 of its 200 stores.

The brand’s flagship at the corner of Madison Avenue and East 44th Street, however, is still owned by Claudio Del Vecchio, the Italian billionaire who had owned Brooks Brothers since 2001.

Del Vecchio hired a JLL team of David Giancola, Andrew Scandalios and Bob Knakal to market the site for sale, sources said. It includes the Brooks Brothers store and an office building at 11 East 44th Street, which Del Vecchio bought in 2019 for $109 million. The pricing expectation wasn’t available, but if the site sold for $500 per square foot or more — a figure brokers said could be expected for the area — it could reach upwards of $350 million.

A representative for Del Vecchio could not be immediately reached, and a spokesperson for the brokers declined to comment.

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Adding some renderings...

[Crawford]

Yet another Grand Central-area supertall or near-supertall. With the transferable development rights, I think this ends up much bigger than 700k square feet.

I knew this site would eventually be redeveloped. I just hope there's a new Brooks Brothers flagship at the base of the new tower. The current flagship is enormous, and a gem.

[NYguy]

With an assemblage, this would be site 4. It has a 23 FAR.

[Crawford]

It's a decent sized footprint, when you include the adjacent 11 E. 44th, which is part of the assemblage. It's also clear this has been in planning for some time, given they bought the adjacent site two years ago.

Hopefully we get an iconic tower.

[NYguy]

Originally Posted by Crawford

It's a decent sized footprint, when you include the adjacent 11 E. 44th, which is part of the assemblage. It's also clear this has been in planning for some time, given they bought the adjacent site two years ago.

Hopefully we get an iconic tower.

Together, that makes up about half the footprint of site four, the southern half. The full site would have a footprint slightly larger than One Vanderbilt. With a 23 Fat, you would get a tower of about 1.1 msf of office space, minus any mechanical space.

[NYguy]

https://invest.jll.com/us/en/listings/office/44-mad

Jones Lang LaSalle (“JLL”) has been exclusively retained by Delv Holdings to identify a purchaser for 346 Madison Avenue and 11 East 44th Street (the “Site,” or the “Development”).

The Site is presently improved with two existing office buildings that collectively comprise a 21,269 square foot development assemblage situated on the northwest corner of 44th Street and Madison Avenue in the Greater Midtown East Rezoning District and located one block west of Grand Central Terminal, New York’s preeminent local and regional transit hub.

Just a placeholder design....

[NYguy]

https://dianeferrera.com/design-44mad.html

[BK1985]

It’s a shame to lose the brooks brother building, it has such a handsome facade.

[ChiND]

Originally Posted by BK1985

It’s a shame to lose the brooks brother building, it has such a handsome facade.

I agree. There's a lot of crap on Madison. Losing BB would be unfortunate. That BB flagship was one of my favorite stores too. The newer locations don't cut the mustard.

[NYguy]

This can be part of a larger assemblage to form projected development "site 4" of the Midtown East rezoning, with an FAR of 23....

[BK1985]

Originally Posted by NYguy

This can be part of a larger assemblage to form projected development "site 4" of the Midtown East rezoning, with an FAR of 23....

If the rest of the site is acquired hopefully they can build around and over the BB structure or atleast work the facade into the new building.

[NYguy]

Originally Posted by BK1985

If the rest of the site is acquired hopefully they can build around and over the BB structure or atleast work the facade into the new building.

I don't think anyone would do that. Any developer would certainly want to utilize the space.



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[streetscaper]

Yet another beautiful classical building bites the dust

uuggggghhhhh

[NYguy]

I once did an inventory for BB (years ago) and ran into the late tennis legend Arthur Ash there. It's a nice building, but minus the columns, there's really nothing special about it.








Anyway, here's a little back story on the building....


https://daytoninmanhattan.blogspot.com/2...others-building-346.html#google_vignette

[Busy Bee]

Damn, when did it lose its cornice?

[NYguy]

https://therealdeal.com/new-york/2025/09/02/sl-green-eyes-brooks-brothers-site-for-office-project/

SL Green buying Brooks Brothers site for next big office development
Del Vecchio family selling Madison Avenue development site for $160M





By Rich Bockmann
Sept 2, 2025

Marc Holliday is suiting up for his next big office project.

SL Green is in contract to buy the former home of Brooks Brothers on Madison Avenue for $160 million, sources told The Real Deal. The property, a short walk from Grand Central Terminal at East 44th Street, could be developed into an 800,000-square-foot office tower.

CEO Holiday has been teasing SL Green’s determination to put a large development site under contract this year ever since he first announced the plan at the company’s investor day in December.

“It’s among the highest priorities of things we’re working on right now,” he said during the REIT’s July earnings call. Holliday added that his team is also working on putting a significant redevelopment site under contract before the year’s end.

The iconic 11-story, 122,600-square-foot building at 346 Madison Avenue served as Brooks Brothers’ flagship store beginning in 1915. The company went bankrupt in 2020 and was purchased by Authentic Brands Group and Simon Property Group. The building, however, is still owned by the Brooks Brothers’ former owner, Italian billionaire Claudio Del Vecchio, who bought it in 2019 for $109 million.

He first put the property up for sale in 2021, and new marketing materials show renderings for a proposed tower dubbed 44+Madison. JLL is overseeing the sale process.

Manhattan is starting to see a new spurt of office development.

Boston Properties announced in June that it is moving forward with construction of its $2 billion, 1 million-square-foot office tower at 343 Madison Avenue after securing an anchor tenant.

Vornado Realty Trust, the Rudins and Ken Griffin’s Citadel are working through the public review process for their 1.8 million square-foot tower at 350 Park Avenue, and Larry Silverstein has struck a deal with American Express to kick off development of his long-awaited 2 World Trade Center.

RXR and TF Cornerstone are planning to lock in an anchor tenant by year’s end for their planned tower at 175 Park Avenue.

[Crawford]

I hope SL Green can at least give us a 750 ft.+ tower with notable architecture.

[NYguy]

Originally Posted by Crawford

I hope SL Green can at least give us a 750 ft.+ tower with notable architecture.

We’ll see if the site can expand even more.

[NYguy]

https://www.crainsnewyork.com/real-estate/sl-green-buys-346-madison-ave-and-11-e-44th-st-midtown

SL Green buys Midtown office development site for $160M





Eddie Small
September 2, 2025

SL Green is making a major addition to its Manhattan office portfolio.

The real estate investment trust is buying 346 Madison Ave. and the adjacent site at 11 E. 44th St. in Midtown for $160 million, it announced Tuesday afternoon. The deal should close during the fourth quarter of the year.

The company plans to use the sites to build "a world-class, ground-up new office development," Chief Investment Officer Harrison Sitomer said in a statement. He praised the assets as being "in an exceptional location just steps from 1 Vanderbilt," arguably the company's highest-profile office tower.

The commercial building at 346 Madison Ave. stands 11 stories tall and spans about 140,000 square feet, while the one at 11 E. 44th St. stands 18 stories tall and spans roughly 111,000 square feet, according to city records. The properties combined can accommodate a roughly 800,000-square-foot new project in the wake of the Midtown East rezoning, according to SL Green.

[NYguy]

Current footprint...hopefully they can get the 2 sites on the north (45th Street).












Seems those 45th St sites are controlled by Aby Rosen's RFR...