Posted Sep 29, 2025, 9:06 PM
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Join Date: Jul 2013
Posts: 49,410
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City Council Approves 1,600-Foot Supertall for 350 Park Avenue in Midtown East, Manhattan
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On September 25, the New York City Council unanimously approved the construction of 350 Park Avenue, a nearly 1,600-foot supertall office skyscraper in Midtown East, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, Rudin, and Ken Griffin, the massive 62-story structure will yield 1.8 million square feet of Class A office space with a capacity of 6,000 employees. Griffin’s companies Citadel and Citadel Securities will serve as the anchor tenants, occupying at least 850,000 square feet. The 53,000-square-foot property is located between East 51st and 52nd Streets.
The recent news comes after the completion of the Uniform Land Use Review Procedure (ULURP), which kicked off back in mid-March during our last update, with the final City Council vote of 48 to zero. Demolition is now expected to begin in the second quarter of 2026 on three structures that currently occupy the site. These include a 30-story office tower at 350 Park Avenue, a 23-story office building at 40 East 52nd Street, and a five-story office building at 39 East 51st Street.
Citadel would temporarily occupy 504,000 square feet across 20 floors at Brookfield Properties’ 39-story 660 Fifth Avenue, while 350 Park Avenue gets demolished and rebuilt into its newer and taller form.
350 Park Avenue is expected to cost $4.5 billion and is anticipated to be completed by 2032.
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