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

[pico44]

This is one of my favorite weddings cakes left in the city, and probably the best. I'll be very sad to see it go. There is something so specifically New York about walking out from dinner at The Grill in the Seagrams Building and seeing this handsome tower across the street. It'd be an easier pill to swallow if the replacement building weren't half elevator shaft.

[Zapatan]

400+ meters and an epic design. Well done NYC

[NYguy]

Originally Posted by Zapatan

400+ meters and an epic design. Well done NYC

Yeah, but let's just slow down a bit. They've got a few years to get tenants lined up to make this final, but I will say that if KPMG moves across the street, that would be enough to get the building going.


In this graphic I marked the developments at the top of my head that are in various stages of either construction or planning, with the exception of 237 Park. Before it was sold and renovated, it was a top candidate for redevelopment. Now that midtown east rezoning is in place, I would still hold that out as a potential redevelopment site, just down the line.







http://forum.skyscraperpage.com/showthread.php?t=199236

https://nypost.com/2012/05/08/gc-tower-has-rail-shot/

GC tower has rail shot

By Lois Weiss
May 8, 2012

Now that 237 Park Ave. is fully in the hands of former lender Lehman Bros., and the holding company has hired Monday Properties to manage the 21-story building near Grand Central Terminal, the question making the rounds is whether a new tower will finally be constructed.

No one will talk about it now, but prior to 9/11, Skidmore Ownings & Merrill had designed an addition for the 1.25 million square-foot building.

Monday also owns neighboring 230 Park Ave., which for zoning lot purposes was going to be “merged” with 237 Park — which it managed at that time — in order to construct a new tower on land around 237 Park.

The buildings and land are in the special Grand Central Zoning District that previously made the development of 383 Madison Ave. possible.

But to get the proper stats for the new tower, Monday — then in its Max Capital configuration — still needed to buy additional air rights, which never happened.

There are about 1.5 million square feet of available air rights owned by Lehman Bros. and Andy Penson’s Argent Ventures.

Either way, in addition to Vanderbilt and 425 Park, 270 Park really sends shockwaves on the development front in the district. Add the Grand Hyatt 350 Park, and we would really be in for massive development on the scale of Hudson Yards. The city has shown that it doesn't have to rely on buildings built 50 years ago with the dual rezonings, and that's what it will take in a ciity that doesn't have large, open parking lots in the middle of the business district.

[Amanita]

Originally Posted by pico44

This is one of my favorite weddings cakes left in the city, and probably the best. I'll be very sad to see it go. There is something so specifically New York about walking out from dinner at The Grill in the Seagrams Building and seeing this handsome tower across the street.

Me too!

[Duck From NY]

Originally Posted by pico44

This is one of my favorite weddings cakes left in the city, and probably the best. I'll be very sad to see it go. There is something so specifically New York about walking out from dinner at The Grill in the Seagrams Building and seeing this handsome tower across the street. It'd be an easier pill to swallow if the replacement building weren't half elevator shaft.

New York can't be a museum! The market decides! Insert other SSP cliches!

[NYguy]

The rezoning of midtown east has at least opened the door for landlords who no longer want to see tenants leaving the district for newer, shinier offices. I mentioned before that 345 is just across the street...

345 Park Avenue is a 634-foot tall, 1,832,210-square-foot office skyscraper in Midtown, Manhattan. It was built in 1969 at the former site of The Ambassador Hotel by Rudin Management Comapany, and was designed by Emery Roth & Sons architects. It was renovated in 1999.

The buildings biggest leaseholder is accounting firm KPMG with 639,562-square-feet.

It makes sense that Rudin would want to keep such a large tenant like KPMG, and a new tower could go a long way in doing that. They own both 345 and 40 E. 52nd, which would be demolished for the new tower, or another new tower.


https://www.rudin.com/commercial-pro...st-52nd-street

40 East 52nd Street, also known as The BlackRock Building, was designed by The Eggers Group and opened in 1986. This Plaza District tower features a granite through-block lobby, which provides access from both 51st and 52nd Streets, as well as two outdoor plazas. The building offers floor plates ranging from 16,000 to 21,000 square feet.

https://www.rudin.com/commercial-pro...45-park-avenue

Located on a prime stretch of Park Avenue, and home to the headquarters of Rudin Management Company, 345 Park Avenue was designed by Emery Roth & Sons and opened in 1969. Tenants of this full-block building in the Plaza District, with floor plates from 40,000 to 70,000 square feet, enjoy exceptional views across Midtown, Central Park, the Upper East Side, and the East River.

I think we'll be looking at a game of "musical chairs" as far as tenants go as developers now have the option to rebuild as well as renovate existing properties.

https://www.crainsnewyork.com/featur...iness-district

Pricey renovations of Midtown East office buildings are underway at 237 Park Ave., 277 Park Ave., 280 Park Ave., 399 Park Ave. and 390 Madison Ave. The Stahl Organization is spending $100 million on 277 Park Ave., and Cushman, its leasing agent, has inked deals with Chase and another major financial services firm.

“Since One Vanderbilt and 270 Park [Levinson’s building] got underway, there has been a significant flurry of activity,” says Mark Boisi, executive vice chairman at Cushman. He says the activity is the strongest since the 1960s.

Boisi should know. His father headed the real estate operation of the New York Central Railroad and was instrumental in using air rights to transform Park Avenue from residential to office buildings.

However, those buildings still have the intrusive columns and low ceilings that are out of favor. As the Chase and Hyatt examples show, taking advantage of the Midtown East rezoning is a Herculean task. Only one or two more such projects are likely to be undertaken in the next decade.

Most owners will instead hope that the unparalleled location and transportation—together with the cachet restored by the new buildings—will
outweigh the turnoff of archaic space.

[JMKeynes]

Mr. Gorbachev, tear down that [garbage]!

[gramsjdg]

Originally Posted by JMKeynes

Mr. Gorbachev, tear down that [garbage]!

I'll say the same for 4 Times Square