NEW YORK | 343 Madison Avenue | 844 FT | 49 FLOORS

[MAC123]

The design is fine but boring. Just like the last design. It's also pretty short. It was knocked down from being a supertall, now I realize not every project needs to be that tall but this one is going to be surrounded on all sides (well most sides at least) by towers that dwarf it and are better looking.

Like most projects I enjoy the infrastructure improvements the most.

[NYguy]

https://www.343madison.com/

At 950,000 square feet, 343 Madison offers 40 premier workplace floors ranging from 27,500 square feet in the podium to 22,000 square feet in the high-rise, all with direct access to Grand Central’s Madison Concourse between 44th and 45th Streets.

Designed by Kohn Pedersen Fox, the 46-story tower will offer a hospitality-forward amenity program. A double-height lounge and conference space on the 45th and 46th floors will include spaces to dine, connect, and collaborate both indoors and out, with biophilic terraces overlooking Midtown Manhattan. A robust food and beverage program, lobby café and bicycle storage with cabanas and showers round out the amenity offering.

[NYguy]

https://www.kpf.com/project/343-madison-avenue

343 Madison Avenue
This Class-A premier office building in Midtown Manhattan is designed to provide the next generation of state-of-the-art, net-zero workspaces steps away from Grand Central Terminal.

Designed for the future of work, this elegant, all-electric office tower rises over 800 feet through a series of landscaped setbacks to a soaring amenity level, which offers tenants co-working and conference spaces, a high-end lounge with indoor and outdoor dining, and spectacular views across the city.

The building’s 46 floors range in size from 22,000 to 27,000 square feet, offering wide column-free spaces and floor-to-ceiling glass windows to maximize daylight access and promote occupant well-being.

At street level, large-format glass panels mark the entrance to the building’s double-height lobby while the high-performance façade above is animated by curved glazing elements that add texture and depth.

The tower’s setbacks are highlighted by multileveled trusses, bronze-colored walls, and a signature lighting scheme, which create the defining architectural feature of the tower.

The rooftop is treated with similar consideration and accentuates the building’s state-of-the-art, all-electric mechanical system.

Relying on air-source heat pumps and targeting LEED Platinum, 343 Madison Avenue uses no fossil fuels on site and will be carbon neutral upon the decarbonization of New York City’s energy grid.

Public realm improvements, including a setback that adds seven feet of width to the sidewalk along Madison Avenue, a direct connection to Grand Central Madison, and an extensive below-grade pedestrian network further distinguish 343 Madison from other New York City skyscrapers.

[NYguy]

[ChiND]

I wonder when Millstein will redevelop his POS next door.

[HyperPower]

In most other cities this would be a prominent highlighted tower in Gotham its just filler

[giantSwan]

Personally, way too boring for what they destroyed. I don't hate it but it's meh for destroying a beautiful old building. I wanted something a bit more interesting here.

[ChiND]

I agree. KPF dropped the ball with this boring glass box.

I hope that July of 2025 is a redline for BP, and that they abandon this project if they don't have a tenant by then. I'd love to see a Stern condo/hotel here with a smaller office component.

[NYguy]

I find this design to be not only nice, but better than many of the new buildings that went up in Hudson Yards. But most importantly, it will provide the modern work space that will help keep Midtown Manhattan what it is, a functioning business district that attracts top talent and firms, and not some drive through museum.

[TKD]

Originally Posted by NYguy

I find this design to be not only nice, but better than many of the new buildings that went up in Hudson Yards. But most importantly, it will provide the modern work space that will help keep Midtown Manhattan what it is, a functioning business district that attracts top talent and firms, and not some drive through museum.

A nice constructive and practical comment.

Going back to your other post, I think the part you highlighted in blue is a remnant of the initial design, since there's no multistory trusses or bronze on the facade?

[NYguy]

Originally Posted by TKD

A nice constructive and practical comment.

Going back to your other post, I think the part you highlighted in blue is a remnant of the initial design, since there's no multistory trusses or bronze on the facade?

Not sure. It's on the webpage that has the current design, but it could be that the info is not updated.

[chris08876]

Credit: abot

[BuildThemTaller]

Is this the train and/or subway station work?

[Busy Bee]

That's the new LIRR concourse entrance

[BuildThemTaller]

Originally Posted by Busy Bee

That's the new LIRR concourse entrance

Thanks!

[Zerton]

The curved glass is a nice, subtle detail. This side core trend is interesting.

[NYguy]

Originally Posted by Zerton

The curved glass is a nice, subtle detail. This side core trend is interesting.

I wouldn’t really call it a trend, in the sense that they’ve been building towers like that for years. It helps to create a more open floor space, especially in office towers with smaller footprints.

[NYguy]

They are going for Vanderbilt rents here…


https://nypost.com/2025/01/17/real-estat...rns-to-pre-pandemic-levels-in-manhattan/

Other projects that need anchor tenants before getting construction financing include BXP’s 347 Madison Ave., which has asking rents from $175 a foot in the base to over $300 at the top.

“They are not getting price resistance,” said one broker who asked for anonymity. But brokers are hoping BXP doesn’t wait for an anchor because, they say: ”Build it and the tenants will come.”

[NYguy]

https://www.crainsnewyork.com/real-estate/bxp-warns-falling-cash-flow-occupancy-2025


January 29, 2025
AARON ELSTEIN

BXP officials said they plan to start development this year on a new office tower at 343 Madison Ave., although they haven’t landed an anchor tenant, and construction is unlikely to begin until someone agrees to lease a substantial amount of space.

[NYguy]

The fact that the office market continues to tighten suggest to me that beyond the current proposals for office, the 4 large stalled office developments (343 Madison, 3 Hudson, 2 WTC, 15 Penn) will see some movement, unless they are overlapped by even more new development...


https://www.cnbc.com/2025/01/31/new-york-city-office-demand-back-to-normal.html

New York City office demand is finally back to normal


Fri, Jan 31 2025

Demand for New York City office space has finally returned to pre-pandemic levels, driven by an influx of new workers as well as a drive by employers to see current workers return to the office.

During the fourth quarter, office demand in the city jumped 25% from the year before, according to VTS, which measures demand through unique new tenant tours of properties. The measure is an early indicator of new leasing.

“New York City’s shift back to in-office work reflects the city’s unique cultural and economic dynamics, especially in the finance and tech sectors,” said Nick Romito, CEO of VTS, in a news release.

On a call with analysts, SL Green Realty CEO Marc Holliday noted that the city’s Office of Management and Budget is forecasting about 38,000 new office-using jobs in 2025, mostly stemming from finance, business services and information technology.

“That translates into millions and millions of square feet of new absorption for each one of those bodies, and those are not work-from-home bodies for the most part,” said Holliday. “Combine that with the fact that on-site attendance is rising every month as companies are calling people back to the office four and five days a week. We expect to see very strong demand for office space throughout 2025,” Holliday added.